Ease the hustle and bustle of the holiday season with a Christmas Club account. You can save for an entire year to cover your holiday expenses. Then in early October, receive a disbursement for the total of your savings, plus interest, just in time for Christmas shopping.
Earn interest on your Christmas savings.*
No minimum balance to open. Then make convenient deposits as often as you like throughout the year. The easiest way to deposit money in your Christmas Club is by setting up an automatic transfer from a German American Bank checking or savings account using our Online Banking or Mobile Banking App.
Account matures in early October, just in time for holiday shopping! We'll help you set up your account to automatically deposit your entire savings, plus interest, into your German American Bank checking or savings account when the Christmas Club pays out in early October. Then the savings begins for next holiday season!
Visit a convenient German American Bank office to open your account or open your Christmas Club online. To open your account online, you must have a German American Bank checking account or another savings account open to set up auto deposit of your funds in early October. If you do not currently have a checking or savings account with us, you’ll open an e-$MART Checking account as you open your Christmas Club online.
What do you need to open a Christmas Club savings account?
*Interest is paid at maturity. If any withdrawal is made from this account before disbursement date, a $10.00 penalty may be assessed. Interest and Annual Percentage Yield (APY) may change. Fees may reduce earnings. Contact us or stop by one of our offices to find out what our current rates are. Member FDIC.