Travel, planning, and buying gifts can make the holidays a stressful time of year. If you’re breathing a sigh of relief now that they are over, next Christmas might be the farthest thing from your mind. But planning for Christmas now may help relieve some of that stress for next Christmas. We all know how hard it is to come up with the money for Christmas gifts all at once. Opening a SECU Christmas Club account at State Employees Credit Union will allow you to have all your Christmas money set aside by November. Now is the perfect time to start saving.
So how does a Christmas Club work? First you need to determine how much money you’ll need for Christmas, then decide how much you need to put away each month to save that amount by November. If you have direct deposit with us, we will set up an automatic transfer of funds every time you get paid in that amount. If you do not have direct deposit, you can deposit however much you want, whenever you want.
By making regular deposits, you won’t even miss the money each month. Plus, you may even earn a little extra. Balances over $300.00 earn dividends and we offer competitive rates.
On November 1st, the amount that is in your Christmas Club automatically transfers to your savings account. You can withdraw the money with no penalty from November 1st through January 31st .
So let’s do the math: If you save just $20.00 every two weeks for 25 pay periods, you will have $500.00 in your Christmas Club account by December! You can also adjust your monthly deposit amount if plans or income change.
Christmas will be here again before you know it. The more you save now, the more you will have for your Christmas shopping. Best of all, you won’t have to use a credit card and there won’t be any stress about how you’re going to pay for all those gifts. Come in to our branch and set up your Christmas Club account today!