Carter Bank & Trust’s Year-Round Christmas Club is a great way to help you avoid those “after holiday” credit card bills that tend to show up in January. Our Christmas Club puts you in a position to save 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 Club gives you the unique flexibility to choose any amount you wish to save for the holidays up to $5,000.*

  • Monthly automatic drafts from your Carter Bank checking account available
  • Disbursements will be credited to an account of your choice (No checks will be issued)

Click here for current Christmas Club details

Benefits of our Year-Round Christmas Club

  • Competitive Interest Rate
  • Just $10.00 minimum to open
  • No Annual Fee
  • Interest begins to accrue on the first business day after initial deposit
  • Interest is compounded daily and credited quarterly**
  • Club payout each year on October 20th

*Maximum deposit is $5,000 per customer.

**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. If account is closed or funds withdrawn before interest is credited interest will be forfeited.