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Christmas club

   Also found in: Wikipedia 0.01 sec.
Christmas club
n.
A savings account, as in a bank, requiring periodic deposits to ensure money for shopping at Christmas.
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It finally looked within at one of its certificates that mirrored the old-school Christmas club savings account.
Stagnant automatic savings transfer usage prompts Ent CU's new ... by Samaad, Michelle A. / Credit Union Times
Despite memories of the collapse of Farepak, Christmas clubs are thriving in the recession as they let customers save over the year.
BROOKIE BACKING; yourmoney by The Mirror (London, England)
The new Christmas club trade body which replaces HITA has one big difference - it requires its members to deposit customers' money in a separate account which cannot be raided by the company if it gets into difficulty.
TRADERS NEED MORE THAN REGULATORY FIG LEAF TO GIVE GIVE CONSUMERS ... by Daily Record (Glasgow, Scotland)
 
 
 
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