Hundreds of Lake Central customers took advantage of our popular Christmas Savings account to save up more than half a million dollars to use during this past holiday shopping season!
If you’re tired of continually swiping your credit card for every holiday purchase or worrying about overspending your holiday budget, the Christmas Savings option is a perfect solution for you in 2022.
Lake Central Bank’s Christmas Savings account is a simple and effective way to budget for your holiday spending. Earn 3.33% APY* on your savings and spend the cash you have saved for your holiday purchases.
Here’s how it works …
When you open a Christmas Savings account, we set up an automatic transfer of up to $300 per month from your Lake Central Bank checking account to your Christmas Savings account. This savings will accumulate and earn an interest rate of 3.33% APY*. The balance in the account will be paid out yearly on the next business day following the November 15 interest payment.
Perhaps you want to consider using the Christmas Savings to save and plan for your winter or spring vacation! Whatever you’re saving for, Christmas Savings is a terrific way to change your spending pattern from charging it and paying a high rate of interest, to saving it, and earning at a rate above the market.
What are you waiting for? With only 350 days until Christmas, now is the time to open your Christmas Savings account and make this year’s holiday shopping season your best one ever!
* Annual Percentage Yield (APY) effective 11/16/2021. Rates subject to change without notice. $5.00 minimum weekly deposit required. Must have an LCB checking account. Fees could reduce earnings. Restrictions apply. Member FDIC