Rates Current as of Monday December 10, 2018

Accounts called Christmas clubs offered by some banks have been around since the great depression. These accounts are simply savings accounts that established so a customer can make regular deposits over the year and withdraw the money at the en of the year for Christmas. These accounts pay very little interest and restrict the amount of withdrawals; as a result, the popularity of this product has waned.

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What is a Christmas club account?

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