A Christmas Club account is a unique savings tool at AFECU. This type of account lets you save for the holiday season, or for any other special reason you wish to save. It is also ideal for helping you save year-round to pay escrow (taxes and insurance) on your mortgage. The club begins on November 1 and runs through October 31 of the following year, though members may join the club at any point in the year. No withdrawals are permitted until the account matures on October 31, in order to help you achieve your maximum savings potential.

Other benefits include:

• No minimum balance required
• A competitive dividend rate
• Access through Online Banking, our 24-hour internet account access system
• Account balance automatically sent to members on maturity, either by check or deposit into a share account.
• Dividends paid quarterly (calculated on daily balance)
• Account automatically reopens for the following year, for your convenience
• Deposits can be made by mail or in person