Christmas Club

Have an even happier, more relaxed holiday with a savings account that helps you set money aside throughout the year.
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Stress free holiday shopping.

This type of savings account helps you plan for holiday spending.



Key Features

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Competitive Interest
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No Monthly Service Fee




What is a Christmas Club Savings Account?

Set up weekly, bi-weekly, or monthly transfers from your checking account. You’ll earn interest on your deposits, and, in November, we’ll automatically send you a check or transfer your Christmas Club balance into your checking account. Then you’re all set to buy gifts, decorations, or plan travel and parties. Saving for the holidays helps you stay on budget and out of debt. It also reduces your stress during the season because you can get a head start on purchases. Early withdrawals from a Christmas Club account are subject to a penalty fee.
 

Benefits of a Christmas Club Account

This basic savings account is a traditional favorite for a reason:

  • Save throughout the year for the holiday season
  • Earn a competitive interest rate
  • No monthly maintenance fees
  • Avoid holiday-induced debt, keeping the holidays enjoyable
  • Make deposits in any amount or set up automatic transfers for easier savings
  • Funds available in November
  • No minimum deposit to open
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FAQs

A Christmas Club Savings Account at West Shore Bank is designed to help you save throughout the year specifically for holiday expenses. You can set up automatic transfers from your checking account to earn interest on your deposits. In November, your savings will be transferred directly to your checking account, making holiday shopping stress-free.

You can make deposits into your Christmas Club Savings Account in any amount you choose or set up automatic transfers on a weekly, bi-weekly, or monthly basis. This flexibility makes it easier to save consistently for the holiday season.

With a Christmas Club Savings Account, you can enjoy several benefits, including earning a competitive interest rate, having no monthly maintenance fees, and avoiding holiday debt. By saving throughout the year, you can ensure a more joyful holiday season without financial stress.

No, there is no minimum deposit required to open a Christmas Club Savings Account at West Shore Bank. This means you can start saving for the holidays without any significant initial investment.

Funds from your Christmas Club Savings Account will be available in November. You will receive a check or have your balance transferred to your checking account, allowing you to start your holiday shopping right away.

Yes, early withdrawals from a Christmas Club Savings Account are subject to a penalty fee. This policy encourages you to save until the designated withdrawal period in November, ensuring you stay on track for holiday spending.

The Christmas Club Savings Account offers a competitive interest rate on your deposits. The interest is calculated and added to your account balance, helping you grow your savings throughout the year.

The primary purpose of a Christmas Club Savings Account is to save for holiday-related expenses. However, it’s a great way to manage your budget and avoid debt during the holiday season.

At West Shore Bank, we're here to help! If you have any questions or need assistance with your Christmas Club Savings Account, feel free to chat with us within digital banking. visit us at a branch near you or contact our customer service team at (888) 295-4373. We're always ready to support you.













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