The Club Account is a custom savings account that allows members to save for specific reasons, like a wedding, college or a vacation. The member determines when the savings plan begins and when it matures (within a 12-month period).
- Club accounts mature on the date of choosing.
- Members can deposit as much and as often as they choose. Deposits can be made at the branch, over the phone, online banking, mobile banking and transfers can also be set up for automatic transfers from another Centris account.
- Funds cannot be withdrawn from the account unless the member wishes to close the subaccount for the year. If the subaccount is closed before it matures, no dividends will be paid and the member is not eligible to restart the account until the plan year has restarted.
- No partial withdrawals on this account.
- Dividends will be paid on an annual basis, or at a maturity of the club account.
- Opening balance: $5.00 – If opened online.
- Minimum balance: $0.00
- Monthly service charge: None
Benefits
- Makes you money with competitive dividends.
- Saves you money with no monthly fees.
- Offers you peace of mind by knowing your funds are federally insured.
Target
Current members wanting to save for a specific reason or event.