Holiday Savings Club Account

Rate Information

Your interest rate and annual percentage yield may change. Frequency of rate changes: We may change the interest rate on your account at any time.

Determination of Rate

At our discretion, we may change the interest rate on your account.

Compounding and Crediting frequency

Interest will be compounded and credited annually.

Payment of Funds

The balance in the account will be paid by check on November 1st of every year. If November 1st falls on a weekend, a check would be issued on the following business day.

Effect of closing account

If you close your account before interest is credited, you will not receive the accrued interest.

Daily balance computation method

We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on noncash deposits

Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example,checks).

Maintenance fee

A $10.00 early closure fee will be imposed if the account is closed prior to November 1st.

Transaction Limitations

Partial withdrawals are not permitted.

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