Are you tired of the credit card bills piling up after the
Christmas holidays? A Christmas club account can help you put away
a little money whenever your budget allows and make holiday
shopping more fun. A Christmas club account can be opened for as
little as $20.00. The Farmers and Merchants Bank allows the account
holder to deposit any dollar amount on whatever schedule they
desire or their budget allows. There are no weekly restraints.
However, a penalty will be imposed for early withdrawal. Interest
is compounded daily. Each year in mid October, a check including
all principal and interest is mailed to the account holder.