How to Save Money Using Our Club Accounts
How to save money in two words—club accounts!. Image from norwichsmiles.com.
If you have a specific savings goal, such as a special event, an annual vacation or holiday shopping, using a club account to save for that goal makes perfect sense.
Why Save Money With a Club Account?
Using a club account takes a “set it and forget it” strategy when you want to save money. You determine how much you want to transfer from your checking or other account, and the money is automatically moved. You can watch your savings grow without having to do anything further. You can also set up direct deposit from your paycheck, or create an automatic transfer from a deposit you make in branch.
Want to see how your money can grow? Try our savings calculator here.
“Use our calculator to see how setting money aside can help you achieve your savings goals.
Bellwether Offers Two Club Accounts
The Bellwether Holiday Club Account can be started any time between October and year end. By keeping a minimum daily balance of $100, you also earn dividends on your club account. Your savings will be automatically transferred to your primary savings account during the first week of the following October—just in time for shopping, or planning a special holiday celebration.
The Vacation Club Account is similar to the Holiday Club Account, with two exceptions—you can set your own date for withdrawing funds, and you can open it at any time of the year, not just between October and year end. In fact, you could open a Vacation Club Account this month for your Christmas travelling plans! Like the Holiday Club Account, you can make deposits the same way—through payroll deduction, direct deposits or automatic transfer. Saving money doesn’t get much easier.
How do I get started?
Opening a Club Account is easy:
- Visit one of our branches; click here for locations
- Call 1-866-996-9828 for more information or to set up an appointment to discuss which club account is best for you.
- Check out our interest rates here: https://www.bccu.org/tools-and-information/rates
So…what are YOU saving for? Leave us a comment or question below.
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