Christmas Club

The Coolest Club of the Year
There’s a holiday almost every month of the year, but the more expensive ones tend to come when there’s a chill in the wind. Secure year-round savings will help keep your stockings full this upcoming Christmas season! Set up automatic monthly deposits into your Christmas Club account for guaranteed savings.

Plus, earn interest on every penny saved!

What is the minimum deposit to open an account?
It just takes a $1 minimum deposit to get started on your holiday season savings.

When may I open a Christmas Club account?
You may open an account anytime of the year!

What are the recurring fees for the Christmas Club account?
There are no monthly fee and no minimum balance to earn interest. Plus, you’ll receive free eStatements!

Can this account be used to save for other, more expensive events (e.g. vacations, weddings)?
Yes! Customers can use the account to save for whatever they want!

Is there a penalty for withdrawing funds early?
There is no penalty for early withdrawal.

When and how are funds disbursed?
Funds are automatically paid out in October. Options for payout include a check or a direct transfer to another Hometown Community Banks account.

May I deposit more frequently than the automatic monthly deposits?
Of course! Deposits can be made to the account at any time.

Do funds roll over if unused?
No, all funds are distributed in October. If a customer wishes to keep funds beyond the October date, then a Classic Savings Account may better fit their savings goals.

Is there access to my Christmas Club account through mobile banking?
Yes! Customers can view and manage their account anytime with online banking and mobile banking.

Rates effective as of October 26, 2020
AmountInterest RateAPY
Full Balance0.05%0.05%

APY is Annual Percentage Yield. See us for specific details on Christmas Club Accounts. Minimum Opening Deposit is $1.00. Interest Rate is variable and may change after the account is opened.  

View Current Rates


Hometown Community Banks
Morton, IL
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