Christmas Club Savings Account

The holiday season is expensive, with expenses like gifts, food, decor, and travel. Instead of needing to pay for everything in the two-month busy period, our Christmas Club lets you spread the costs throughout the year.

• You can save as little or as much as you want every day, week, or month that suits you throughout the year!
• Using Online and Mobile Banking, you can easily set up automatic or one-time transfers from your checking account.
• Members of Baton Rouge Telco may set up separate Christmas Club Savings accounts for your children to learn about the power of saving for a specific Christmas gift or holiday season experience.

The funds will be automatically transferred to your regular Share account on November 1st so you have time to do your shopping, buy a Thanksgiving turkey, or anything else you need.

There’s an early withdrawal penalty of $5 to help ensure you keep your hands off until Christmas!

You can see our competitive rates table here. You’ll earn the maximum annual percentage yield (APY) as long as you maintain the minimum balance of $5.

There’s no monthly maintenance fee and no minimum balance fee on our Christmas Club Savings Account. This means there’s no charge if your balance falls below $5, though you won’t earn any interest.

As mentioned, you will need to pay $5 each time you make a withdrawal before November 1. So the best thing to do is wait and let your money grow!

To encourage you to reach your goals, there’s a $5 penalty for each withdrawal you make before November 1st.

Baton Rouge Telco is a not-for-profit organization and this means we pass our revenue back to members, instead of outside shareholders.

You get revenue in the form of higher rates on savings, lower rates on loans, and fewer fees. Plus, you get friendly local service instead of dealing with a nationwide financial institution.