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Holiday Savings Account

Holiday Club Account

Saving for the holidays?

Open a Holiday Club Savings Account.

There won’t be as much Ho-Ho-Ho without enough dough-dough-dough. That’s why many ALEC members establish a Holiday Club Savings Account. 

It’s a smart, easy way to put money aside earlier in the year, so that when the holidays roll around, you’ll be rolling in cash. 


Features of our Holiday Club Savings Account:


Your savings are safe.

Nothing is more important to us than protecting your money. All ALEC accounts are insured up to $250,000 by American Share Insurance (ASI), the nation's largest private deposit insurer. 

Click here to view our current rates.
Account Type Nominal Rate APY*
Savings Account 0.349 % 0.35 %
Special Savings 0.349 % 0.35 %
Holiday Club Savings 0.399 % 0.40 %

*The Annual Percentage Yield is the rate that is earned if the funds are left to compound for one year. All dividends are paid monthly based on the daily average balance. Rates subject to change monthly. A penalty may be imposed on an early withdrawal of a Holiday Club. Holiday Club funds will be transferred into a members savings account on November 1st. The nominal rate is the rate used to calculate the monthly dividend.


Click here to view ALEC's fee disclosure.