Waldo State Bank Christmas Club

Christmas Club

  • Interest is compounded and credited annually. If a withdrawal is made before payout in October, the account will be closed and the interest forfeited.
  • We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day from the first day of the deposit.
  • Contact Waldo State Bank for current rates.
  • No minimum required to open an account. Maximum balance is $7,500.00.
  • One Christmas Club Account per Tax Identification Number.
  • Christmas Club is unavailable for minor's accounts, including savings, checking, and scholastic add-on CDs. 

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