Club Savings Account
For customers who are interested in an annual deposit plan to save money throughout the year for expenses such as taxes, vacation or seasonal expenditures.
Savings Account Features:
- $1 minimum to open
- No minimum balance requirement
- Earns interest
- No monthly service charge
- Flexibility to choose how to make weekly deposits 1
Our Club Savings Account has a 50 week cycle in which accounts can be opened and deposits can be made. Accounts can be opened beginning in October and will mature in October of the following year.
Partial withdrawals are not permitted during the 50 week cycle. If the account is closed before maturity, accrued interest is forfeited and a $10 fee is charged. The Club Savings Account is renewable under the same account number unless the account is closed prior to maturity.
1 Customers can elect to have a club coupon book to make deposits or set up direct deposit from payroll or another Univest account.