Austin, Texas skyline at Christmas

Holiday Club

Save for the holiday shopping season, open a holiday club account!

  • Minimum deposit to open $5.00
  • Required balance of $5.00
  • $5 minimum balance to receive stated APY
  • Dividends paid quarterly
Funds are automatically deposited into your savings account in November.  The only rule is…if at any time throughout the year you need to get to the cash you have saved, the holiday club account will close and you can re-open it the following year.
Amount                    Rate                    A.P.Y.
Up to $15,000                     0.30%                    0.30%
Over $15,000                     0.01%                    0.01%
A. Transaction Limitations 

(1) The minimum balance is $5.00, no minimum withdraw amount.
(2) Withdrawal of any amount during the year prior to November will result in closure Holiday Club account until the next year.
(3) Full balance of Holiday Club account will automatically be transferred to the Prime Share account in November.

B. Rate Information 

The prospective dividend rate and annual percentage yield (A.P.Y.) are as shown. The annual percentage yield is a percentage figure based on the dividend rate and compounding for the periods shown over a one year period. The dividend rate may change monthly for the Money Market Savings Account and the Share Draft Account. It may change quarterly for the Escrow and Share Savings accounts, as determined by the Board of Directors. 

C. Nature of Dividends 

Dividends for other than Term Share Accounts are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period.

D. Compounding and Crediting

(1) Dividends are compounded and credited as shown. Dividend periods always begin on the first calendar day and end on the last calendar day of the periods as shown. 
(2) Accrued dividends will not be paid if an account is closed prior to the crediting of such dividends. 

E. Balance Information

(1) Minimum required balances are shown above. 
(2) Dividends begin to accrue for both cash and non-cash items, such as checks, on the day of deposit in the account. 

F. National Credit Union Share Insurance Fund 

Member accounts in this Credit Union are federally insured by the National Credit Union Share Insurance Fund.