Holiday Savings Accounts
Are your kids’ gift lists longer than Santa’s fleet of reindeer?
If the mere thought of affording gifts, gatherings, and gratitude turns you into a Scrooge—look no further than our Holiday Savings Account!
Four Great Reasons to Open an Account
No Monthly Fee
Hire an extra elf (or two) with the money you’ll save by not having to pay a monthly fee.
Earn Interest
Account balances of $100 or more automatically earn interest. See rates.
Reach Your Goal
Let your savings grow throughout the year. You’ll have full access to the funds in early November.
No Minimum Opening Deposit
Get started today and fund the account with as little or as much money as you like.
How Does a Holiday Savings Account Work?
Our Holiday Savings Account is separate from your regular savings account. We designed it as an easy way for you to save throughout the year via regular deposits or Payroll Deductions.
We automatically transfer your funds to your UMe Savings Account in early November… just in time for the holiday season!
Enjoy peace of mind knowing that the National Credit Union Administration (NCUA) provides automatic and free account insurance.
The NCUA is an independent federal organization that insures each account for up to $250,000.
Learn more about how UMe protects your account.
Three Easy Steps to Open a Holiday Savings Account
Apply Online
Log in to UMe Online Banking and head to your Dashboard. Find the “New Savings” tile, and click “Add Savings”—then follow the prompts.
Fund Your Account
Add as little or as much money as you like. You can also set up automatic transfers and payroll deductions.
Start Saving!
You have until early November to save up to reach your holiday goals. We’ll automatically transfer the money into your account.
Why choose UMe to open a holiday savings account?
At UMe, we care deeply about the financial well-being of our members. We designed our Holiday Savings Account to provide a surefire way to fund your holiday expenses. You’ll have peace of mind knowing that your holiday budget is secure, growing, and ready when you need it.
We’re a not-for-profit credit union where our members (read: U) are our owners. Instead of focusing on profits for shareholders (like many big banks do), we focus on providing value through competitive interest rates, attractive checking and savings options, and personalized service that treats you as a person instead of an account number.
Here are a few more reasons to choose UMe:
- We’re always here to help and guide you at every turn of your financial journey.
- Pooch-Friendly Policy: Bring your furry friend to our branch for a treat-filled visit.
- Hassle-Free Digital Banking: Enjoy seamless management of your UMe accounts with our cutting-edge online and mobile banking tools.
Ready to join? Answer these three quick questions:
- Do you live in, work, worship, or belong to an organization in Burbank? Welcome aboard.
- Do you attend school in Burbank? We’re glad to have you as our newest member!
- Don’t meet the first two criteria? No worries! You can still join UMe by making a $10 donation to the Burbank Arts & Education Foundation. We’ll even guide you through the process.
|
ACCOUNT TYPE |
MINIMUM BALANCE* |
DIVIDEND RATE |
APY** |
|---|---|---|---|
|
*Minimum average daily balance required to earn dividends. Special Savings dividends are based on the average daily balance and are posted quarterly. Checking, Money Market and non-IRA Certificate Accounts are based on the average daily balance and are posted monthly. All other rates and yields subject to change without notice. **APY is Annual Percentage Yield. ***Maximum monthly deposits $1,000; maximum annual deposit: $10,000. |
|||
|
ACCOUNT TYPE Holiday Savings Account |
MINIMUM BALANCE* $100 |
DIVIDEND RATE 0.05% |
APY** 0.05% |
UMe Holiday Savings Account FAQ
Opening a dedicated savings account helps you budget better and avoids the need to use high-interest credit cards. You’ll have peace of mind knowing you’re on track to reach your monetary goals for the upcoming holiday season.
Yes, you can easily manage your account and keep track of your savings using our secure online portal or mobile app. This feature provides the flexibility to adjust your savings plan if your financial situation changes throughout the year.
It’s never too late to save money for the holidays. You’ll immediately start earning interest if your account balance is over $100. Even a few months of disciplined savings is better than hoping you’ll have the funds you need come December.
Yes, we apply an early withdrawal penalty to encourage members to save until early November. Contact us for more information.