You may enjoy being able to spoil loved ones with unique presents and traveling to see relatives, but the costs of doing so can be overwhelming. Instead, enjoy the holidays more by opening a Christmas Club savings account. At First & Peoples Bank and Trust Company in Russell, KY, you can open a Christmas Club account now and immediately begin saving for next year’s holiday festivities. Below are three major benefits of starting a Christmas Club savings account with their team.

3 Advantages to Opening a Christmas Club Savings Account

1. Start When It’s Convenient

You can open a Christmas Club account at any point throughout the year. Whether you open it in January or June, you’ll save money that can be put toward end-of-the-year purchases, such as holiday gifts and travel. The account automatically closes in October.

2. Receive Daily Interest Accrual & Make Weekly Deposits

When you open a Christmas Club account, you’ll get a deposit coupon book for weekly deposits. Based on your financial situation, you can determine how much you want to save each week. You’ll also benefit from daily interest accrual, which means the more you have in your savings account, the higher your interest accrued. That interest is included in the final check when the account closes.

3. Get Money in Time for the Holidays

Since the account closes in October, your savings check and new deposit book for next year’s account are mailed out with plenty of time before the holidays. This savings account eliminates the financial burden that comes with buying holiday gifts and expensive plane tickets to visit loved ones. You can even treat yourself to a New Year’s trip to start the year off on a high note.

Are you interested in opening a Christmas Club savings account? Give First & Peoples Bank and Trust Company a call at (606) 836-0211. Their banking professionals have been providing tailored advice to help people achieve their financial goals since 1932. They’re known in Greenup County for their reliable service and specialization in personal and commercial loan services. They also offer online and mobile banking so that you can check your accounts from the comfort of your own home. Visit them online to learn more about their Christmas Club program.