Get into the holiday spirit with a Christmas Club Account from CVNB!
Did you know that a CVNB Christmas Club account can help you save a little extra for the holiday season? Our Christmas Club account is a festive savings option that allows you to deposit money throughout the year—saving for the joyous season ahead. In October 2024, you’ll receive a special holiday check from CVNB, which includes the amount you've saved along with 0.50% APY1. Your Christmas Club account earns interest throughout the year and adds it to your balance when you receive your holiday disbursement. Open a Christmas Club account today with just a $5 minimum deposit and start saving for your holiday festivities!
Benefits of a CVNB Christmas Club account:
- A stress-free way to save for the holidays
- Enrollment available at any time of the year with a $5 minimum deposit2
- Free online and mobile banking
- Interest-bearing
- No monthly service fees
- Choose a booklet with $5, $10, or $20 weekly deposits, or set up direct deposits from your employer or a CVNB checking or savings account for any desired amount. Deposits can be made through online banking and the mobile app.
- Your 50-week savings plan is set to conclude in September 2024. You’ll receive a check for your saved money, just in time for the holiday!
How to Enroll:
- Visit any CVNB branch beginning on October 13, 2023, to open your account.
- Select a booklet to make your weekly deposit— $5, $10, or $20
- Schedule direct deposits from your employer or a CVNB checking or savings account to deposit any desired amount.
- You can open a Christmas Club account at any time, although the payout balance will be smaller if you join later in the year. Alternatively, you can pay the balance of the missed weeks to ensure you receive the full 50-week payout.
That's all you need to do. Start preparing for a joyful holiday season!
Early Closeout Penalty
$10.00 fee charged for each account withdrawal (including early close-out).
At the end of 50 weeks, you'll earn a check for:
To open a Christmas Club Account, stop by a CVNB branch near you.
1APY = Annual Percentage Yield. Interest rate is 0.50%, APY*0 .50%. The effective date of the APY is October 13, 2023. The minimum balance to open the account is $5.00. Fees could reduce earnings. Service charge of $10.00 will be charged each time funds are withdrawn prior to maturity of the club account.
2 Enrollment begins October 13, 2023. If the account is opened after the enrollment date, the payout balance will be smaller due to the weeks missed, or pay the balance of the weeks missed to receive the full 50 weeks payout.
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