Christmas Savings Account

MARINETTE, WISCONSIN

CHRISTMAS SAVINGS

Christmas Savings accounts are available to individuals residing in the Wisconsin counties of Marinette and Oconto, and the County of Menominee in Michigan.

Account may be opened with a deposit of $10 or more.

A statement of activities will be provided quarterly. Alternatively, this statement may be combined with a Checking or NOW account statement and be provided monthly upon request.

No checks may be written against a Christmas Savings account.

You may make an unlimited number of withdrawals against your Christmas Savings account either in person, by mail, or by telephone if the withdrawal is mailed to you by check. Each withdrawal will be assessed a charge of $1.00.

Pre-authorized or automatic transfer withdrawals from a Christmas Savings account are not allowed.

This is a variable rate account, which means that the interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. To view the current rate, click here.

Interest begins to accrue on the business day you deposit cash or non-cash items (such as checks). Interest does not accrue on amounts withdrawn on the date of withdrawal.

Principal and interest are paid, by check, on the last day of October of each year. Interest is not compounded.

We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

A complete disclosure, as required under Federal Truth-in-Savings, of the terms and conditions on the Christmas Savings account is available upon request.

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