Christmas Club

Start saving for the holidays with an Aroostook Savings & Loan Christmas Club Account! Designed to help you prepare for holiday expenses, this account makes it easy to set money aside throughout the year.

Put a little away each pay for a Happy Holiday!

Plan ahead and budget for next year’s expenses and save for Christmas, your annual property tax bill, a vacation, fuel oil, or maybe a down payment on a new car or home! You decide.

Our club accounts are available in the following denominations: $5, $10, $20, $30, $40 and $50.

You can choose a predetermined amount to deposit each week beginning in late September for a term of 50 weeks. Additional deposits may be made any time until maturity date. Interest is compounded continuously and paid after club maturity. However, clubs closed prior to maturity, or not completed, do not earn interest and any withdrawal will constitute a closeout of the club account.

For your convenience, did you know that you can even arrange for funds to transfer automatically from your NOW Checking or Savings Account to your Christmas Club each week? It’s that easy! And with a great Club Deposit Rate you’ll enjoy having the extra cash during the holiday season.

Clubs for 2025 may be opened starting the week of August 26, 2024.

2025 Christmas Club rate is 0.51% APY*

How It Works:

  1. Open your account with the amount of your first weekly deposit.
  2. Continue making weekly contributions for 50 weeks.
  3. At maturity, access your funds plus the earned interest, just in time for holiday shopping or other seasonal expenses!

Benefits:

  • Stress-Free Savings: Plan ahead and avoid the financial crunch during the winter heating season and the holidays.
  • Convenient Deposits: Consistent automatic contributions make saving simple and effective.
  • Secure Growth: Your funds earn interest while being safeguarded.

Start Saving Today
Visit Aroostook Savings & Loan to open your Christmas Club Account and enjoy a worry-free holiday season. Together, we’ll help you plan for memorable moments with your loved ones.

Aroostook Savings & Loan—Your Home Bank for Every Season.

*APY is Annual Percentage Yield. Interest is compounded continuously and paid at club maturity. Club is for a term of 50 weeks, and must be completed at maturity to earn stated APY. The stated APY is accurate as of August 26, 2024 and assumes funds will remain on deposit until maturity. Ask one of our knowledgeable staff for more information about our Club Terms.