How does a Christmas Club account at Carter Bank help me save?

A Carter Bank Christmas Club account lets you save systematically year-round, with payouts on October 20th—just in time for holiday expenses.

How do I receive my Christmas Club savings from Carter Bank?

On October 20th, your savings transfer automatically via ACH into the Carter Bank account you designate, ensuring easy access to your funds.

Christmas Club Account | VA & NC Savings Rates

Save for Christmas year-round

Make your holidays merrier than ever with more cash for gifts and celebrations

Start with $10 and build up

Open your Carter Bank Christmas Club Account and then schedule automatic transfers from your checking account.

Save all year for your special celebrations

Make the most of your savings with automatic transfers and flexible usage.

Earn competitive interest

You'll get more for your money so you can bring extra joy to your world.

Get your money before Christmas

Access your savings on October 20^th, giving you plenty of time to plan and shop.

'Tis the season for good times and bright smiles

Christmas is a time for family, for festivities and for giving. But playing Santa can cost a bit of money.

To take the strain off your winter time budget, we make it easy to save throughout the spring, summer and fall. Make regular deposits, earn daily interest at a competitive rate, and then enjoy all the jingle in your pocket when the holiday season rolls around.

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FAQs

When does the year for the account begin and end?

The Christmas Club season runs annually from October 21 through October 20 of the following year, with funds paid out on October 20.

Is there a maximum amount I can deposit?

Yes, the maximum deposit per year is capped at $5,000.

What happens if I withdraw or close early?

If the account is closed before interest is credited, you will forfeit any accrued interest, and early withdrawal isn't allowed without full account closure.

How will I receive my funds?

Funds are distributed via ACH transfer into your Carter Bank checking or savings account on October 20.

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Christmas Club Account

3.50%

7 month CD

3.23%

Premium Money Market Account

1.67%

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¹ APY = Annual Percentage Yield.

All promotional offers, products and services offered by Carter Bank are subject to updates, modifications and/or termination at any time after account opening.

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Carter Bank is a full-service financial institution with locations throughout Virginia and North Carolina.