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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.

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Deposit Amount
$1 $100,000
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87 Results


Nationwide Only
Blue FCUChristmas Club Savings5 Reviews
1.25%*
$25$5k$12.50
BarclaysDream Account101 Reviews
1.05%
--$10.50
Capital Educators FCUChristmas Club Savings1 Review
1.00%*
-$2,500$10.00
Marine FCUDeployment Club Share3 Reviews
1.00%*
-$25k$10.00
1.00%*
-$1k$10.00
Garden Savings FCUKids Club Account
1.00%
--$10.00
Urban Partnership BankHoliday Partners Club2 Reviews
0.80%*
-$3k$8.00
0.75%
-$12k$7.50
Pen Air FCUChristmas Club6 Reviews
0.50%
$25-$5.00
0.50%
$100-$5.00
0.50%
$20-$5.00
RTN FCUHoliday Club
0.50%
--$5.00
Vision Financial FCUChristmas Club
0.35%
--$3.50
0.35%
--$3.50
NBKC BankChristmas Club Savings Account
0.30%
--$3.00
0.30%
--$3.00
Alabama Credit UnionChristmas Club Account
0.26%
--$2.60
RiverLand FCUChristmas Club1 Review
0.25%
$105-$2.50
0.25%
--$2.50
0.25%
--$2.50
0.25%
--$2.50
0.25%
$25-$2.50
0.25%
--$2.50
0.25%
--$2.50
Credit Union of AmericaHoliday Club Account
0.25%
$25-$2.50
SCE FCUHoliday Club Account1 Review
0.22%
--$2.20
0.20%*
$50-$2.00
Latino Credit UnionHoliday Account
0.20%
--$2.00
0.20%
--$2.00
KEMBA Financial Credit UnionKEMBA Advantage Christmas Club6 Reviews
0.20%
--$2.00
St. Mary's BankBack to School Club1 Review
0.15%
--$1.50
0.15%
--$1.50
La Capitol FCUChristmas Club Savings 2 Reviews
0.15%
$100-$1.50
Country Bank for SavingsChristmas Club Savings Account
0.15%
--$1.50
0.15%
--$1.50
0.15%
--$1.50
0.15%
--$1.50
0.15%
--$1.50
Hughes FCUHoliday Club Account
0.15%
--$1.50
Signal Financial FCUHoliday Club Account
0.15%
--$1.50

Displaying 1-40 of 87 Results


Installment Savings Accounts Trend

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 rates and promotions displayed are gathered from various financial institutions and may not reflect all of the products 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 data or to request rates or promotions be included in this chart. We are not affiliated with the financial institutions listed here.

* The APY 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.