Christmas Club Accounts
Use a Christmas Club account at First Federal to save for the Holiday Season!
It’s a great way to save for the Christmas season. Visit any of our branches to learn more and get ready to start saving!
Open a Christmas Club starting the 3rd week of October. Then make weekly payments, or have automatic payments set up in any amount you decide. For example, $5.00 a week would equal $250.00 after 50 weeks. First Federal Savings will then give a bonus equal to 2% of the balance in the account to be paid at the time of maturity if all 50 weekly payments have been made.
The amount of the club must be stated at account opening. A bonus equal to 2% of the balance in the account will be paid at time of maturity if all 50 weekly payments have been made.
Account Opening Policy
First Federal Savings is happy to open accounts for anyone living in the mid-coast area on a permanent or seasonal basis. Valid, non-expired picture identification and social security card required. People under the age of 18 must have a parent or guardian for certain accounts.
Please note that this is a consumer account. For-profit organizations, partnerships and certain other entities may not be eligible for this type of account. Fees could reduce earnings. For variable rate accounts, rates may change after the account is opened.
When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your driver’s license or other identifying documents.We proudly support all efforts to protect and maintain the security of our customers and our country.