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.
Contact Waldo State Bank to find out more about our personal and business banking opportunities!