Christmas Club Accounts: Your Holiday Savings Solution

Did you come through the holiday season financially stressed, or were you prepared? According to recent surveys, the average American spends well over $1,000 on holiday expenses, from gifts to travel to entertaining. If you have finished the season and spent more than you intended, a Christmas Club account may be the answer. A Christmas Club account offers a simple, self-disciplined approach to holiday budgeting that can transform your December from financially stressful to financially prepared.

What is a Christmas Club Account?

A Christmas Club account is a specialized savings account designed specifically for holiday expenses. You make regular deposits throughout the year—typically starting in January—and the funds are automatically disbursed in early November, just in time for holiday shopping.

How Christmas Club Accounts Work

The Structure:

• Open your account in January, or at Peoples Bank of Alabama enroll at anytime
• Choose your weekly or monthly deposit amount ($5, $10, $25, or more)
• Make consistent deposits through October (or why not set up an automatic transfer?)
• Receive your full savings plus any interest in November

Example: Deposit $25 weekly starting in January, and you could have over $1,000 available for the holidays.

Key Benefits

Automated Discipline: The account removes temptation if you make your holiday savings automatic and separate from your regular checking account. Call your local branch to set up your automatic transfer today.

No Holiday Debt: By saving throughout the year, you avoid credit card debt that typically takes months to pay off after the holidays.

Peace of Mind: Knowing your holiday expenses are covered allows you to focus on what matters most—spending quality time with loved ones.

Small, Manageable Amounts: Rather than scrambling to find $1,000 in December, you're setting aside manageable weekly amounts.

Getting Started

Open your Peoples Bank of Alabama Christmas Club account with a minimum of $25.00. Visit your local branch or visit our Savings webpage to learn more about the account details.

Ready to start saving for the holidays? Contact us to open a Christmas Club account and take the stress out of seasonal spending.