Plan Ahead, Enjoy the Holidays
It’s never too early to start saving for the holiday season! With our Holiday Club Savings Account, you can put money aside throughout the year and avoid the financial strain during the holidays—or the credit card debt that can follow.
How It Works:
- Easy and Flexible Savings: Make deposits at your convenience—set up automatic transfers or add funds manually whenever you choose.
- No Minimum Deposit: Start saving today with as little or as much as you’d like—there’s no minimum deposit required.
- Automatic Transfer: On October 1st each year, your accumulated savings are automatically transferred to your regular savings account, so your holiday funds are ready just in time for shopping, travel, or special events.
How a Holiday Club Savings Account works
A Holiday Club Savings Account gives you a simple way to save for holiday and seasonal expenses throughout the year. Add money manually or set up automatic transfers to build your balance over time.
Each year on October 1, the funds in your Holiday Club Savings Account are automatically transferred to your regular savings account. From there, you can use the money for gifts, travel, meals, gatherings, or other seasonal expenses.
Best for
A Holiday Club Savings Account is a good fit when you want to plan ahead for seasonal expenses instead of handling them all at once.
- Holiday gifts
- Seasonal travel
- Holiday meals and gatherings
- Decorations and events
- Year-end giving
- Saving a little at a time throughout the year
- Keeping holiday money separate from everyday spending
Account details
Here is a quick look at how the Holiday Club Savings Account works.
| Feature | Holiday Club Savings Account |
|---|---|
| Minimum opening deposit | $0 |
| Monthly service fee | No monthly service fee |
| Deposit options | Manual deposits or automatic transfers |
| Online and mobile access | Yes, through online banking and the MyPDCU app |
| Branch access | Yes, at any PDCU branch |
| Automatic transfer date | October 1 each year |
| Transfer destination | Your regular savings account |
| Best use | Saving throughout the year for holiday and seasonal expenses |
| Membership | Membership and eligibility requirements apply |
Ways to use your account
You can use a Holiday Club Savings Account to build your holiday savings in a way that fits your budget. Set a goal, add money over time, and let the account help keep those funds separate from everyday spending.
- Set up a recurring transfer each payday
- Move a set amount into the account each month
- Deposit extra money from bonuses, refunds, or side income
- Use the account to separate holiday savings from everyday spending
- Check your balance in online banking or the MyPDCU app
- Plan ahead for gifts, travel, meals, and seasonal events
For example, you could save a small amount each paycheck so your holiday fund is ready before the busiest spending season begins.
Membership and account protection
Holiday Club Savings Accounts are available to qualifying People Driven Credit Union members. Membership is open to those who live, work, worship, or attend school in Michigan, plus relatives of current members.
A $5 Membership Share Savings deposit establishes membership. Membership and eligibility requirements apply. Approval is subject to application.
Your savings are federally insured by the National Credit Union Administration, backed by the full faith and credit of the United States Government.
How to open a Holiday Club Savings Account
Opening a Holiday Club Savings Account is simple. Current PDCU members can open an additional savings account through online banking, the MyPDCU app, or by visiting a branch.
New to PDCU? You will need to become a member before opening this account. Membership and eligibility requirements apply.
Frequently asked questions
A Holiday Club Savings Account is a savings account designed to help you set money aside throughout the year for holiday and seasonal expenses.
You add money to the account throughout the year through manual deposits or automatic transfers. On October 1 each year, the money you have saved is automatically transferred to your regular savings account.
The funds in your Holiday Club Savings Account are automatically transferred on October 1 each year.
On October 1, the balance in your Holiday Club Savings Account is transferred to your regular savings account.
Yes. You can set up automatic transfers to move money into your Holiday Club Savings Account on a schedule that works for you.
No. A Holiday Club Savings Account has no minimum opening deposit.
No. The Holiday Club Savings Account has no monthly service fee.
If you need access to your funds before October 1, contact People Driven Credit Union or visit a branch for help with your account options.
You can use it to save for holiday gifts, travel, meals, events, decorations, year-end giving, or other seasonal expenses.
Yes. Membership and eligibility requirements apply. People Driven Credit Union membership is open to those who live, work, worship, or attend school in Michigan, plus relatives of current members.
Yes. People Driven Credit Union savings accounts are federally insured by the National Credit Union Administration, backed by the full faith and credit of the United States Government.
Disclosures
People Driven Credit Union Savings Accounts are Federally insured to at least $250,000 by the NCUA and backed by the full faith and credit of the United States Government. APR = Annual Percentage Rate. Rates effective as of today and may change at any time. View our Privacy Policy and read our disclaimer regarding links to other sites.
