Christmas club
Seasonal deposit account
A Christmas club is a savings account, typically offered by banks or credit unions, into which people make regular deposits throughout the year to accumulate funds for holiday expenses.
The money becomes available in late autumn, just before the Christmas shopping season.
My grandmother put ten dollars into her Christmas club every week.
These accounts were especially popular in the mid-twentieth century as a way to budget for gifts and holiday entertaining.
- cashReady spending funds
- giftsItems freely given
- depositPlace for safekeeping
- savingsAccumulated money kept
- bankingFinancial institution transactions
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- savingssavings account, piggy bank, online savings, savings bonds, savings plan
- accountsbank account, checking account, savings account, joint account, personal account
- informal savingspiggy bank, rainy day fund, coin jar, change jar, penny jar
- savings groupsmoney pool, tontine, pardner, merry-go-round
- bankingbank, banks, ATM, ATMs, account
- savings institutionssavings bank, savings and loan, thrift, cooperative bank
Christmas clubcredit card
Borrowed-funds payment tool
payday loan · buy now pay later · store credit · consumer debt · layaway
Christmas clubchecking account
Bank deposit for transactions
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