Save for the Holidays with a Christmas Club Account from CCCU

The cost of holiday gifts add up quickly and can easily strain your budget. Thankfully, there is a way to reduce holiday stress, so you can enjoy the season with your family and friends. Clark County Credit Union offers a simple solution – opening a Christmas Club account.

What Is a Christmas Club Account?

A Christmas Club account is a short-term savings account designed to help you save money for the holidays . When you decide to join a Christmas Club, Clark County Credit Union will help you customize your account to fit your needs.

At regular intervals (usually monthly or bi- weekly), a specified amount will be automatically transferred from your checking account to your Christmas Club account. Throughout the year, you will earn interest on the money saved in your holiday account. Then, shortly before the holiday season begins, the account will be paid to you as a lump sum, and you can start shopping.

How Did Christmas Clubs Get Started?

The first known Christmas Club dates back to 1909. Merrell Landis was the treasurer at Carlisle Trust Company when he launched the club. The original club had over 350 members. On December 1st, each member received a payment of $28 of which they had saved. Since then, the idea has spread widely and has helped families to budget for Christmas for over 100 years.

What Are the Advantages of Joining a Christmas Club?

One of the most common questions that people ask about Christmas Clubs is how they are different from simply setting aside money on your own. Here are several advantages that make a Christmas Club highly effective:

  • You earn interest on any money you save in your Christmas Club account.
  • Our Christmas Club is free to join. Since there aren’t any fees associated with participating, there isn’t a downside to joining.
  • Joining a Christmas Club will keep you accountable. The money is moved automatically, so you won’t have to worry about transferring it. You’ll also be less tempted to spend that money on other expenses.

How Do I Join a Christmas Club?

To join our Christmas Club, contact Clark County Credit Union. We’ll pay out your Christmas Club account on November 1st, giving you plenty of time to start shopping and take advantage of Black Friday and Cyber Monday sales. For more information, call us today at 702-228-2228.