When you open a Christmas Club account at Clear Mountain Bank, you make weekly deposits into your Christmas Club Account. With this interest bearing account, you’ll be earning money while you save for the holidays. We will take the balance and make a direct deposit into your Clear Mountain Bank checking or savings account before November 1, so you can begin your holiday shopping. Eliminate those holiday bills and year-end expenses with a Clear Mountain Bank Christmas Club Account.
Account Features:
Fixed rate of interest throughout the contract year
Variety of plans tailored to meet your specific needs
Advance distribution of your funds for holiday shopping
Easy account renewal using the same account number each year
Funds are directly deposited into your Clear Mountain Bank account
* Annual Percentage Yield
** Your interest rate and annual percentage yield may change the first of each calendar quarter. IRA' mature 18 months from date of opening.
*** Your interest rate and annual percentage yield may change at any time at our discretion.
**** Maturity date of this club account is October 2023. Its term varies depending on when the account was opened.
Minimum balance to open accounts are as follows:
Regular Savings and Christmas Club – $1.00
IRAs – $10.00
Certificates of Deposit – $500.00/ $1,000
Fees may reduce earnings.
Penalty for early withdrawal may be imposed on all accounts listed above with the exception of Regular Savings.
Clear Mountain Bank provides these rates for informational purposes only. These rates are subject to change and should not be used for financial or future planning. For actual current rates please contact your local Clear Mountain Bank office.
