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Christmas club

   Also found in: Wikipedia 0.04 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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Well then, the next time you go to a neighborhood block party, let's see you show everybody your Christmas Club account.
This doesn't mean Cal Oaks Bank isn't innovative: It provides Internet banking, a youth center where children can play while parents do their banking and one very old idea - Christmas Club accounts - disguised as a new one.
Waits uses his sources to great effect, illuminating topics ranging from the social and economic dynamics of the Christmas bonus to the origins of Christmas Club savings accounts.
 
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