Save a little every week and be ready for the biggest shopping season of the year. Think of the stress you WON’T have just by maintaining this special savings account for holiday spending. And since you’ll be paying for your purchases with cash, you won’t be surprised with high credit card interest charges after the holidays. A Christmas Club account is the best way to make everyone’s wishes come true!

Requirements:

You must be a member of INOVA Federal Credit Union.

You’ll receive higher dividends than regular membership savings accounts. Dividends are calculated on the average daily balance and credited to your account monthly.

It’s convenient—you can make deposits through payroll deduction, home-banking, automatic transfer or the U.S. Postal Service. There is no minimum deposit required and no monthly service charges.

You have access to your funds at all times and you can make deposits whenever you like. There is, however, a $10 per transaction fee for early withdrawals.

Christmas Club funds are separate from regular share savings account funds so it’s easy to organize and keep track of your accounts.

Statements are mailed quarterly unless your Christmas Club account has a checking account or automatic deposit —then the statement will be mailed monthly.

The funds in your Christmas Club account will automatically be transferred to your checking or savings account on November 1 st. All deposits made after November will accumulate for next Christmas.

Pay for your holiday purchases with cash and avoid nuisance credit card bills and annoying interest charges.