Christmas clubs are a great way to help you avoid those “after holiday” credit card bills that tend to show up in January. They put you in a position to save in advance for your holiday spending rather than relying on credit cards with high interest rates to cover holiday purchases. Holiday saving should not be limited to buying gifts, but also for traveling, hosting parties and other upcoming expenses that may end up costing you more if you have to make monthly payments to your credit card provider to payoff expenses.

Our Christmas clubs give you the unique flexibility to choose from four different levels and two convenient ways to save:

  • Weekly coupon payments
  • Monthly automatic drafts from your Carter Bank checking account
Club LevelsCoupon Book/50 Weekly Payments10 Monthly Automatic Debits
  • Benefits of our Christmas Clubs*
  • Competitive Interest Rate
  • Just $5.00 minimum to open
  • No Annual Fee
  • Interest begins to accrue on the first business day payment is made
  • Interest is compounded daily and credited at the end of the club’s term**

*The daily balance method is used to calculate the account interest. This method applies a daily periodic rate to the principal ledger balance in the account each day. Coupon book payments are based on a 50 week term and monthly automatic debit clubs are based on a 10 month term.

**If you are unable to complete the term of club, you will still be credited the accumulated interest based on the completed number of club months.