Advertising Disclosure

Installment Savings Accounts

Installment savings accounts and club accounts have defined maturities. Regular deposits are usually required with a preset date to withdraw the funds. They are used for saving for special occasions such as holidays or vacations.

OR
Deposit Amount
Advanced options

Include credit unions with membership based on any industries that you or immediate family members currently or have previously worked in:

88 Results

Nationwide Only
2.60%
$5-$650
Marine FCUDeployment Club Share5 Reviews
1.00%*
$5$25k$250
Pen Air FCUChristmas Club11 Reviews
0.70%
$25-$175
Garden Savings FCUHoliday Club
0.70%
--$175
0.50%
$100-$125
RTN FCUHoliday/Vacation Club
0.50%
--$125
MTC FCUChristmas Club Savings
0.45%*
$15k-$113
0.40%
--$100
Andrews FCUHoliday Club Account36 Reviews
0.40%
--$100
United States Senate FCUHoliday Club Saving Share Account 6 Reviews
0.40%
$5-$100
Vision Financial FCUChristmas Club
0.35%
--$87.50
0.35%
$10-$87.50
Interior FCUHoliday Club Savings
0.35%
--$87.50
0.33%
$100-$82.50
Signature FCUBusiness Holiday Savings5 Reviews
0.30%
$100-$75.00
Alabama Credit UnionChristmas Club Account1 Review
0.26%
--$65.00
Service Credit UnionChristmas / Holiday Club19 Reviews
0.25%*
--$145
RiverLand FCUChristmas Club1 Review
0.25%
$105-$62.50
0.25%
--$62.50
0.25%
--$62.50
0.25%
$1-$62.50
0.25%
--$62.50
0.25%
$20-$62.50
0.25%
$1-$62.50
0.25%
--$62.50
Hughes FCUHoliday Club Account
0.25%
--$62.50
0.25%
--$62.50
Connexus Credit UnionHoliday/Vacation Club Account31 Reviews
0.25%
--$62.50
SCE FCUHoliday Club Account1 Review
0.22%
--$55.00
0.21%*
$10k-$52.50
0.20%*
$5-$57.95
0.20%
$50-$50.00
U S Postal Service FCUChristmas Club Account5 Reviews
0.20%
$250-$50.00
Superior Choice Credit UnionChristmas Club Savings Account9 Reviews
0.20%
--$50.00
0.20%
$10-$50.00
0.20%
--$50.00
St. Mary's BankBack to School Club3 Reviews
0.15%
$10-$37.50
La Capitol FCUChristmas Club Savings 5 Reviews
0.15%
$100-$37.50
Country Bank for SavingsChristmas Club Savings Account1 Review
0.15%
$10-$37.50
0.15%
$25-$37.50

Displaying 1-40 of 88 Results


Installment Savings Accounts

Installment savings accounts have defined maturities and are offered by institutions to help consumers save for specific goals or special occasions. Much like CDs, these accounts are opened for a period of time, usually a year, and incur penalties when withdrawals are made before the end of that period. One example is a Holiday Club Savings account that can be opened at any time of the year and automatically distributes accumulated funds on October 1st of each year, just in time for the shopping season. Other examples include a Kids’ Savings account, a Christmas Club Savings account, and Vacation Savings accounts.

The idea behind an installment savings account is that it helps guarantee a time deposit for the financial institution and provides a discipline mechanism for people trying to save up for a particular event or season. There are many certificate of deposit options that could perhaps fulfill the same purpose, but the main difference between CD and installment savings offerings is fixed interest regardless of time. The interest rates on CDs decrease as the time period gets shorter, while installment savings accounts offer the same interest rate regardless of how long or short the time period is before funds are distributed.

One drawback is that a lot of installment savings accounts have account requirements that must be satisfied in order to earn the fixed interest. Those requirements may include fixed monthly payments, which could be a hassle considering the account will likely not be an essential focus. Check out some of the various installment savings account offerings in the rate table above.




* The APY (Annual Percentage Yield) shown is based on the deposit amount selected. Expand the listing to see APYs for other deposit amounts.
† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.