What is a Vacation Savings account?
A Vacation Savings account is an easy way to help you save. You can set up an account just for your vacation and limit any other withdrawals.
We want to help you save
Whether you want to visit your favorite theme park, relax on a sunny beach, or ski the Swiss Alps, we want to help you get there. Our Vacation Savings Club account makes setting aside the money easy—you won’t even have to think about it. Simply make deposits into your account. Even easier is to set up a monthly direct deposit from your regular checking account, or a payroll deduction that comes straight out of your paycheck. You’ll watch the cash add up and never worry about saving enough.
- Easy saving with direct deposit and payroll deduction
- Limited withdrawals help you remember to save
- Even more savings: earn interest on balances over $100
Dividend Rate Annual Percentage Yield Minimum Opening Balance Minimum Balance to Earn APY Dividends Compounded & Credited Dividend Period 0.05% 0.05% n/a $100 Quarterly Quarterly
Frequently Asked Questions
At your request, your money or select amounts you specify are sent from your direct deposit to your accounts at Life Credit Union. Payroll deduction can also be used for repayment of loans and deposits to money market accounts and investments.
Vacation Savings account holders have two withdrawals available anytime from January through December in the calendar year, so you can plan your vacation for whenever you want it. For additional withdrawals, charges will apply.
Yes. The minimum balance is $10.
To set up a Vacation Savings account, simply give us a call or come into our office.Get in Touch