Holiday and Vacation Club Accounts
Specialized savings accounts that help you save for holiday and vacation expenses. Only $5.00 is required to open a Holiday or Vacation Club Account, and at the end of the one year term your money can be automatically deposited into your FasTrack Checking or Share Account for easy access.
Features:
- No fees, charges, or minimum balance requirement
- $5.00 deposit opens account
- Earn dividends
- Dividends compounded and paid monthly
- Holiday Club funds are paid out the first week of October.
Notice of Change:The next Holiday Club Account cycle which starts on October 1, 2011,
will be extended to thirteen months and will therefore end on October 31, 2012. Effective November 1, 2012 and thereafter, this account will run on a one year cycle from November 1st of each year to October 31st of the following year. - Vacation Club funds are paid out the first week of May.
Benefits:
- May be opened at any time during the year
- Automatic Payroll Deduction/ Direct Deposit
- Allowed one complimentary withdrawal without penalty of closing account
- Gradually build savings throughout the year to spend for Holiday or Vacation
- Option to rollover funds to next year
To open a Holiday Club account by mail fill out this downloadable application form and mail it to:
Municipal Credit Union
P.O. Box 3205 CSS
New York, NY 10007
Attn: New Accounts Unit, 24th Flr.
To open a Vacation Club account by mail fill out this downloadable application form and mail it to:
Municipal Credit Union
P.O. Box 3205 CSS
New York, NY 10007
Attn: New Accounts Unit, 24th Flr.
View the Schedule of Dividends, Service Charges and Fees.
