Prep for the Holiday Season with a Holiday Savings Account

By BankSource on 12/18/2024

 

A Holiday Savings Account is a type of savings account designed to set aside money for holiday expenses instead of dipping into your emergency fund or regular savings account. It’s typically offered for a shorter time-period and paid out in October or November of that same year, just in time for holiday shopping. You can set up automatic monthly transfers to the account or add to it when you have extra cash, whatever works best for you.

 

Benefits of a Holiday Savings Account

  • Low fee savings account.
  • Save year-round.
  • Separate from your checking and savings accounts.
  • Funds are distributed in one lump sum.

 

Ready to Open a Holiday Savings Account?

If you’d like to start your holiday savings today, check out the BOS Holiday Club Account*. This account can be opened at any time and closes on October 15th (or next business day if the 15th falls on a non-business day). Payouts are dispersed shortly after through direct deposit or check. Contact us to learn more about this savings account.

*Credit approval required on all deposit accounts. See a BOS Personal Banker for current interest rates and tiered account information.
 
A closure fee is charged for closing the account before the end of the club cycle. The end of the club account period is October 15th unless the 15th is a non-business day, then it will be the following business day.

 


  

IT'S NEVER TOO LATE TO START SAVING!

You can start contributing to the account now or whenever is best for you.

 

Looking for tips for having a no debt holiday season?
Click here.

 

 

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