A Christmas Club account is a favorite, time-tested way to make sure you have cash on hand for holiday expenses. Just decide how much you want to save each pay period and make regular deposits, either through payroll deductions or by another method. You’ll earn dividends throughout the year, then receive the total of your savings plus dividends earned around October 15th, in plenty of time to make travel plans or take advantage of holiday sales.
The Financial Health Club lets you start a personalized, dedicated savings account for any purpose you choose, including holiday expenses, a vacation, or a down payment on a major purchase. You make deposits throughout the year, and then get a check for your savings plus dividends earned at the time you designate.