We will be closed on Thursday, November 27 in observance of Thanksgiving. We will be open on Friday, November 28. We wish you and your family a Happy Thanksgiving!
Plan smart, spend merry.
Christmas Club Savings Account
Open your Christmas Savings Account now and build a holiday fund that keeps your budget intact. By Christmastime, you’ll be ready to shop, celebrate, and enjoy the season debt-free.
How it Works
Throughout the year, deposit money into the account on a regular basis, and then withdraw the funds before the holidays. The Christmas Club account pays out annually, ending the third Friday in October. The funds will be paid by direct deposit to your account at Luana Savings Bank.
Interest Rate
2.04% APY*
Rate effective Oct. 17, 2025
Compounding & Crediting
Interest will be compounded monthly and will be credited to the account monthly.
Automatic Transfers
Auto transfer funds from your Luana Savings Bank primary checking account to your Christmas Club Account.
Deposit Amounts
The minimum amount you can deposit is $5 per week, and the maximum amount is $200 per week, with a maximum annual amount of $10,000. No withdrawals will be allowed prior to the close of the club year which will be October 16, 2026. If the account is closed prior to October 16, 2026, a fee of $25 will be charged.
Ready to get started?
Open an Account Today
Fill out a simple form and we will be happy to assist you.
*(APY) Annual Percentage Yield. Rates and terms may change without notice. Early withdrawal penalties may apply. Fees may reduce earnings. Speak with a Personal Banker for more information.
Related Resources
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Available in Luana, Ossian, Polk City, and Norwalk.
