Club Accounts are a great way to save for a specific event. It could be used to save for a vacation or a wedding or whatever you are dreaming of. There is no minimum balance to get started and you will even earn interest on the account.
Christmas Club Accounts are slightly different than the traditional club account. Once opened funds are not to be withdrawn. The first week in November the funds in the Christmas Club are automatically transferred into your savings account. It’s the best way to a debt free Christmas!