Frequently Asked Questions
Christmas Club
Funds can be earmarked for any purpose. Of course, our Christmas Club puts you in a position to save for your holiday spending rather than relying on credit cards with high interest rates to cover holiday purchases but they can also be used for any other end-of-year purchases. New accounts start each year on October 21st and funds can be added at any point before they are paid out on October 20th.
Yes, the maximum deposit is $5,000 per customer and all funds are paid out on October 20th via ACH payment. However, any savings not used in a given year can be used to reopen another Christmas Club account, helping to carry over additional budget to the following year's holiday season. Check out our Christmas Club page for current rates and account details. Ready to start saving for the holidays? Apply now to open an account today.
¹ APY = Annual Percentage Yield.
2 U.S. checking or savings accounts required to use Zelle®. Transactions between enrolled users typically occur in minutes.
Data charges may apply. Check with your mobile phone carrier for details. App Store is a service mark of Apple Inc. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries.
Android, Google Play and the Google Play logo are trademarks of Google Inc.
Copyright © 2024 Carter Bank & Trust.
All rights reserved. Terms and conditions apply. Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.