A Christmas club savings account may be opened with a minimum deposit of $100.00. Interest on this type of account will be credited to the account by the end of November of each year. The interest rate and APY may change at any time. Please contact us for the current Christmas Club savings account interest rate and annual percentage yield (APY). After interest has been applied to the Christmas Club account a check for the balance of the account will be issued and mailed to the accountholder by the end of November of each year.