Vacation Club Savings Account
Make your travel dreams come true with an account specifically to help you save for an upcoming vacation—withdraw funds whenever you need them!
A Ellafi Federal Credit Union Vacation Club account is your ticket to paradise—without sacrificing the funds you need to make ends meet. Put away what you can. So you can get away when you can. Consider big dividends a "bon voyage" bonus, with payouts starting on your first penny.
Vacation Club Account Benefits
- Set aside year-round for your ideal vacation
- Competitive dividends
- No monthly service fee
- Funds available for withdrawal at any time
- Direct deposit available to build savings automatically
- $5.00 minimum deposit to open and maintain credit union membership
Holiday Club Account
Make the holidays that much merrier with the help of a savings account that lets you set aside cash throughout the year—and earn dividends!
Stay out of the red, while enjoying a little extra green this holiday season. Ellafi Federal Credit Union Holiday Club Account funds are paid out the last week of October—leaving you with plenty of time to shop, wrap, and swap. So Santa isn't left sweating it out in the winter cold. And since we're in the giving spirit, there's no minimum balance to earn dividends and no minimum deposit.
Holiday Club Account Benefits
- Set aside year-round to avoid holiday debt
- Competitive dividends
- No monthly service fee
- Funds disbursed October 31st, just in time to hit the stores!
- Funds are automatically deposited to share account or another account specified by member
- Direct deposit available to build savings automatically
- $5.00 minimum deposit to open and maintain credit union membership
Club Accounts - FAQs
What club savings accounts does Ellafi offer?
Ellafi offers two club savings options: a Vacation Club Account for saving toward an upcoming vacation and a Holiday Club Account for setting aside money for holiday expenses. Both accounts help members save throughout the year while earning competitive dividends.
What is an Ellafi Club Account?
An Ellafi Club Account is a dedicated savings account designed to help you set money aside for a specific goal. You can use a Vacation Club Account to save for travel or a Holiday Club Account to prepare for holiday expenses, making it easier to plan ahead without relying on credit.
What are the benefits of an Ellafi Club Account?
Ellafi Club Accounts offer competitive dividends, no monthly service fees, and convenient ways to build your savings throughout the year. Direct deposit is also available, allowing you to automatically contribute toward your savings goals.
What is the difference between a Vacation Club and Holiday Club Account?
A Vacation Club Account is designed to help you save for travel and allows funds to be withdrawn when needed. A Holiday Club Account is designed for holiday expenses, with funds automatically disbursed on October 31 each year to help you prepare for the holiday shopping season.
Who can open an Ellafi Club Account?
Anyone who meets Ellafi’s membership eligibility requirements can open a Club Account. A $5 minimum deposit is required to open and maintain credit union membership.
Are Ellafi Club Accounts only for women?
No. While Ellafi is committed to empowering women and supporting financial independence, Club Accounts are available to all individuals who meet the credit union’s membership eligibility requirements.
How do I open a Club Account with Ellafi?
Eligible members can open a Club Account by becoming an Ellafi member and completing the account-opening process. You can choose the Vacation Club or Holiday Club option based on your savings goal and make contributions throughout the year.
Can I make automatic deposits into my Ellafi Club Account?
Yes. Direct deposit is available for both Vacation Club and Holiday Club Accounts, making it easy to automatically set money aside throughout the year.
Can I withdraw money from my Ellafi Vacation Club Account at any time?
Yes. Vacation Club Account funds are available for withdrawal at any time, giving you flexibility when you’re ready to use your savings for travel or other vacation-related expenses.
When are Holiday Club Account funds available?
Holiday Club Account funds are disbursed on October 31 each year, giving you access to your holiday savings ahead of the holiday shopping season. Funds are automatically deposited into your share account or another account you specify.
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