VACATION CLUB SAVINGS ACCOUNT
Our Vacation Club Account can help take the vacation you deserve.
A Vacation Club savings account from POE Federal Credit Union is a special-purpose savings account designed to help you set aside money specifically for travel or vacation expenses over time — separate from your regular savings or checking. You deposit money little by little (often through direct deposit from your paycheck or automatic transfers), letting it grow until you’re ready to plan your trip.
- Year-long saving plan: Instead of trying to save a large sum right before the holiday season, you deposit small amounts throughout the year.
- Automatic benefit: In early November, the credit union typically distributes the total funds you’ve saved back to you — often as a check — so you can use it for holiday shopping or related expenses.
- Minimum opening deposit: $25.00 to open your Vacation Club account.
- Dividend earnings: The account may earn dividends, but rates can vary and may be low (for example, past rates were listed at 0.00% APY) — check the credit union for current rates.
- Yearly term: The “club” runs from when you open the account until November 1st of that year.
- Early withdrawal considerations: If you withdraw funds before the payout date (before November), you may be charged a penalty fee (for example, $10 per transaction).
For more information, visit one of POE Federal Credit Union’s branches or contact a savings account specialist to get started on your Vacation Club savings account today.