Prepare for the Holidays with Ease
Start saving for the holiday season with our Christmas Club Account. Designed to help you save throughout the year, our Christmas Club Account offers a hassle-free way to manage your holiday expenses.
High Interest Rate1
Enjoy a competitive 5.00% APY1 on balances up to $3,000, maximizing your savings throughout the year.
Flexible Savings Options
Choose between weekly or monthly transfers to fit your financial schedule and goals.
Automatic Savings
Set up automatic drafts from your Community Bank checking account to make saving effortless and consistent.
Stress-Free Holiday Spending
Receive your saved funds with interest just in time for holiday shopping, ensuring a joyful and stress-free holiday season.

Account Details
Account Feature | Details |
---|---|
Interest Rate | 5.00% APY1 on balances up to $3,000. 0.05% APY on balances above $3,000. |
Transfer Frequency | Weekly or Monthly transfers. |
Transfer Source | Must draft from a Community Bank checking account. |
Account Term | 12-month cycle, funds paid out in October. |
Account Limits | Limit of two accounts per customer. |
Early Withdrawal Penalty | Penalty applies for early withdrawal. |
- Annual Percentage Yield effective as of 10/17/24. Rate may change after the account is opened. An interest rate of 5.00% will be paid only for that portion of your daily collected balance that is $3,000.00 or less. An interest rate of 0.05% will be paid only for that portion of your daily collected balance that is greater than $3,000.00. The annual percentage yield will range from 0.05% to 5.00%, depending on the balance in the account. A Community Bank checking account with a draft to the Christmas Club Account is required. Limit two accounts per customer. Fees may reduce earnings. All funds are paid out at the end of the account term in October of the calendar year in which contributions end. Ask a customer service representative for details. Penalty for early withdrawal. Member FDIC.
Enjoy These Services with Every Account
Online Banking
Manage your finances from the comfort of your home with our comprehensive online banking platform.
Mobile Banking
Access your account on the go with CB2G0, our mobile banking app designed for your convenience.
E-Statements
Go green and stay organized with our paperless e-statements, delivered directly to your email.
Steps to Open a Christmas Club Account
The application process for a Christmas Club Account can currently only be completed in person at one of our offices. Please visit your nearest Community Bank location.
- Open a Community Bank Checking Account
- If you do not already have a Community Bank checking account, you will need to open one to facilitate the transfers to your Christmas Club account. Visit our checking accounts page or your nearest office to open a checking account.
- Set Up Automatic Transfers
- Choose your preferred transfer frequency, either weekly or monthly. Set up automatic drafts from your Community Bank checking account to your new Christmas Club account. This ensures consistent savings without the need to manually transfer funds.
- Start Saving
- Once your Christmas Club account is set up with automatic transfers, start saving immediately. Your funds will accrue interest throughout the 12-month cycle, making your holiday savings grow.1
- Enjoy a Stress-Free Holiday Season
- At the end of the 12-month cycle, typically in October, your accumulated savings along with the interest earned will be available for withdrawal. For your convenience, you can choose to transfer the balance to your Community Bank checking account, helping you enjoy a stress-free holiday season with your savings ready for use on holiday expenses.
Frequently Asked Questions
A Christmas Club account is a savings account designed to help you save throughout the year for holiday expenses. You can make regular transfers to the account, earn interest, and access the funds at the end of the 12-month cycle.
Interest accrues on your transferred funds during the 12-month cycle and is credited to your account at the end of the cycle. The rate of 5.00% APY* will be paid only for that portion of your daily collected balance that is $3,000 or less. A rate of 0.05% APY* will be paid only for that portion of your daily collected balance that is greater than $$3,000. The annual percentage yield will range from 0.05% to 5.00%, depending on the balance in the account. Rate may change after the account is opened. *Annual Percentage Yield (APY) effective as of 12/10/24. Fees may reduce earnings. All funds are paid out at the end of the account’s term in October of the calendar year in which contributions end. Ask a customer service representative for details. Penalty for early withdrawal.
To open a Christmas Club account, visit your nearest Community Bank location. You must have a Community Bank checking account to draft the transfers from.
While you can withdraw funds early, there is a penalty for early withdrawal to encourage disciplined saving. This ensures that you remain committed to saving throughout the 12-month cycle.
If you don’t have a Community Bank checking account, you can open one here to get started with your Christmas Club account. You need to draft from a Community Bank checking account to make transfers into the Christmas Club account.
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