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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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92 Results

Nationwide Only
Marine FCUDeployment Club Share4 Reviews
1.00%*
-$25k$250
Garden Savings FCUKids Club Account
1.00%
--$250
Pen Air FCUChristmas Club10 Reviews
0.50%
$25-$125
0.50%
$100-$125
RTN FCUHoliday Club
0.50%
--$125
Andrews FCUHoliday Club Account24 Reviews
0.40%
--$100
Vision Financial FCUChristmas Club
0.35%
--$87.50
Interior FCUHoliday Club Savings
0.35%
--$87.50
0.35%
--$87.50
Signature FCUBusiness Holiday Savings5 Reviews
0.30%
$100-$75.00
First Financial CU (IL)Christmas Club Account
0.30%
--$75.00
0.30%
--$75.00
0.28%
$25-$70.00
Alabama Credit UnionChristmas Club Account
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%
--$62.50
0.25%
--$62.50
0.25%
--$62.50
0.25%
--$62.50
Apple FCUHoliday Club Account22 Reviews
0.25%
--$62.50
0.25%
$25-$62.50
Connexus Credit UnionHoliday/Vacation Club Account25 Reviews
0.25%
--$62.50
0.25%
--$62.50
SCE FCUHoliday Club Account1 Review
0.22%
--$55.00
0.20%
$50-$50.00
Superior Choice Credit UnionChristmas Club Savings Account9 Reviews
0.20%
--$50.00
Latino Credit UnionHoliday Account
0.20%
--$50.00
United States Senate FCUHoliday Club Saving Share Account4 Reviews
0.20%
--$50.00
0.20%
$250-$50.00
0.15%*
--$56.35
St. Mary's BankBack to School Club1 Review
0.15%
--$37.50
La Capitol FCUChristmas Club Savings3 Reviews
0.15%
$100-$37.50
Country Bank for SavingsChristmas Club Savings Account1 Review
0.15%
--$37.50
0.15%
--$37.50
0.15%
--$37.50
0.15%
--$37.50
0.15%
--$37.50

Displaying 1-40 of 92 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 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.