Christmas Club Savings

Peoples State Bank’s Christmas Club Savings account can help you easily save throughout the year to eliminate financial stress around the holidays!

Open your account today, or contact your local branch for more information.

  • Minimum to Open Account: None
  • Minimum Daily Balance: None
  • Interest: Interest paid(2) annually
  • Monthly Service Fee: None
  • Processing Fees(4): $15 penalty on all withdrawals before first of November each year(3)
  • Online Banking: FREE
  • Bill Pay(4): N/A
  • Statements: Annual statement; FREE eStatement
  • Statement Cycle: Annual (November of each year)


(2) We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day.
(3) You may make no more than six (6) transfers and/or withdrawals during any one (1) calendar month or statement cycle to another of your accounts with us or to a third party by pre-authorized, automatic, online or telephone transfer.
(4) Sales tax may apply.
Interest rates are subject to change at the bank’s discretion at any time. The annual percentage yield may vary due to the interest rate changes and fees. Click here for current interest rates and annual percentage yields based on designated balance tiers.