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Christmas Club Savings Account

The joy of the Holiday Season comes but once a year, but without a proper strategy for saving, you could end up paying for it all year long. Take away the financial stress with a Christmas Club Savings Account
Calculate your insurance coverage using the FDIC's Electronic Deposit Insurance Estimator or contact your local branch office today. For more information, visit www.fdic.gov/

How It Works
  1. Determine your holiday spending budget
  2. Break up your budget into weekly or monthly amounts
  3. Christmas Club will automatically transfer those amounts from a specified checking account
  4. Your balance will be automatically transferred to your checking account on November 15th


Account Features
  • No minimums
  • Interest paid on average collected monthly balance
  • Enjoy the ease and convenience of automatic transfers
  • Balance automatically transferred to your bank checking account on November 15th
  • Manage your account 24/7 through FREE online banking and Access 24 telephone banking
  • Mobile Banking available on the American River Bank Mobile App


Fees
  • No monthly service charge


Disclosures
  1. See our Deposit Account Agreement or Other Service Fees brochure for further information.
  2. Consult a Representative for current interest rates and Annual Percentage Yield information.
  3. Government regulation limits the number of pre-authorized withdrawals from a money market or savings account to 6 per monthly statement period.
  4. $5 fee for each excessive transfer for savings accounts and $10 fee for each excessive transfer for money market accounts. Account is subject to closure upon 3rd instance of excessive transactions in a 12-month rolling period.
  5. There is a $5.00 fee for each transfer.
  6. Savings and money market accounts not tied to a checking account are eligible for an ATM card only. Savings and money market accounts that are tied to a checking account will have access to a debit card.