Carter Bank & Trust’s Year-Round Christmas Club Is A New Year’s Resolution You Can Actually Keep!

Our Christmas Club puts you in a position to save for your holiday spending rather than relying on credit cards with high interest rates to cover holiday purchases. Holiday saving should not be limited to buying gifts, but also for traveling, hosting parties and other upcoming expenses that may end up costing you more if you have to make monthly payments to your credit card provider to payoff expenses.

Our Christmas Club gives you the unique flexibility to choose any amount you wish to save for the holidays up to $5,000.*

  • Monthly automatic drafts from your Carter Bank checking account available
  • Disbursements will be credited to an account of your choice (No checks will be issued)


Benefits of our Year-Round Christmas Club

  • Competitive Interest Rate
  • Just $10.00 minimum to open
  • No Annual fee on active accounts
  • Interest begins to accrue on the first business day after initial deposit
  • Interest is compounded daily and credited quarterly**
  • Club payout each year on October 20th

Click here to view current rates.


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*Maximum deposit is $5,000 per customer.

**The daily balance method is used to calculate the account interest. This method applies a daily periodic rate to the principal ledger balance in the account each day. Unlimited deposits up to the $5,000 maximum deposit limit.  No withdrawals without closing the account.  If account is closed before interest is credited interest will be forfeited.   $15.00 early closeout fee if account is closed within 90 days of account opening. The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate daily. Fees may reduce earnings.