BUDGETING MADE EASY!

Club Savings Account 


Midwest Liberty has club accounts available for any situation!

Planning for a family vacation, a downpayment for your next auto loan, a downpayment for a home, home renovation, a wedding, holiday gift giving, etc. . . Whatever your savings goals, Midwest Liberty FCU can help make it happen with a club account. They are a great way to keep your budget on track and prevent charging up your credit cards.

At Midwest Liberty, there are a few different club savings accounts to choose from, Christmas Club, Vacation Club, or Back-to-School Club. Although that’s what we call them, the club accounts can be used for any reason, even just saving for a rainy day.

You can track your savings process through Online Banking and the Mobile app.

  • The Christmas Club is a Midwest Liberty member favorite. It truly helps you save for the holidays while earning a GREAT dividend (interest) rate. You will earn dividends in a high-dividend account and prevent the urge to spend those funds before the end of the year. You can make deposits with payroll deduction, in-office deposit, mail, or transfer—in any amount, as often as you like. Funds will be transferred to your regular share account and will be available on October 1st. Remember, though, that withdrawals prior to October 1st will incur a fee.

  • Does your dream vacation keep getting put off? Let your money work hard so you can play hard. Open a Vacation Club account for an easy way to save for your Spring / Summer vacation. Put a little away each paycheck. You will earn dividends (interest) in a high-dividend account. Funds will be transferred to your regular share account and will be available on the 1st day of May. Remember, though, that withdrawals before May 1st will incur a fee.

  • We may call it Back-to-School, but you call it what you want. Are you saving for a special purpose? School supplies, a wedding, college, travel, household repairs, or anything else that comes along. The stress-free way to save for those items you want. You will earn dividends (interest) in a high-dividend account. Funds will be transferred to your regular share account and will be available on the 1st day of July. Remember, though, that withdrawals before July 1st will incur a fee.

One thing to keep in mind: money you deposited into a club savings account is not as easily accessible as a regular savings account.  There is a fee to withdraw funds before the annual distribution date.