Christmas Club
Join Dominion Credit Union first, then sign up for Christmas Club anytime!
Still paying for last year's Christmas gifts? Our Christmas Club account is designed to help you save all your to avoid debt from holiday shopping. When you open a Christmas Club account, you decide how much you want deposited from each paycheck to your Club account.
You'll receive your Club payment in the beginning of November, just in time for holiday shopping! You can choose to receive a check or have the funds deposited directly into your Dominion Credit Union checking account.
- Saving is easy with automatic deposits.
- You can also mail in deposits or transfer funds electronically at any time.
- Your Christmas Club automatically renews each year.
- Increase your deposit amount any time.
To encourage members to save, any reduction to the Club payroll deduction, a withdrawal, or closure of the account prior to disbursing funds in November results in a small handling fee. View our current fees.
Savings (Current as of: Jul 30, 2010)
| Type | Tiers | Annual Percentage Yield (APY) | Compounded |
|---|---|---|---|
| Wealth Maximizer Money Market Savings | $20,000 and up | 1.10% | Monthly |
| $100-$19,999 | .50% | Monthly | |
| Wealth Builder Money Market Savings | $20,000 and up | 1.00% | Monthly |
| $10,000-$19,999 | .90% | Monthly | |
| $100-$9,999 | .50% | Monthly | |
| Savings Account | $5,000 and up | .75% | Quarterly |
| $1,000-$4,999.99 | .65% | Quarterly | |
| $100-$999.99 | .50% | Quarterly | |
| Christmas Club | .25% | Monthly |
Wealth Maximizer and Wealth Builder Money Market Savings: Rates will be effective for the month of July, 2010.
Savings Account: Dividends were paid to accounts on record as of June 30, 2010.
Christmas Club: A $20 penalty is imposed if club is closed or payroll deduction is reduced before November 1 maturity.
All: A $15 fee will incur if more than six electronic withdrawals are made per month.
Applicable to Wealth Builder, Wealth Maximizer and Basic Savings Accounts: Minimum average balance to earn an APY is $100.00. Dividends calculated on average daily balance.
