Pay the moments that matter forward.
A little saved each month becomes a lot later. For holidays, vacations, birthdays, and everything in between.
Your own little holiday fund, quietly growing all year.
Save a little at a time (whatever fits your budget), and LMCU transfers your holiday club account balance, plus 0.25% interest,1 to your designated account every September 30. Simple as that.
Save your way
No minimum balance. No required deposit amount. Save what works, as often as you like.
Use it for anything
Holidays, vacations, birthdays, weddings — save for whatever matters most to you each year.
Automatic payout
Your balance plus interest transfers automatically to your account every September 30.
Set it and forget it.
Open your Holiday Club Account, set up recurring deposits, and let LMCU do the rest. By September 30, you’ll have a balance ready to spend on the things that make the season special without scrambling, without debt, and without stress.
Savings Goal Calculator
See how much your Holiday Club balance could grow by September 30.
FAQs
A Holiday Club Account (sometimes called a Christmas Club Account), is a dedicated savings account designed for planned seasonal expenses. You make deposits throughout the year, earn interest, and your full balance transfers automatically to your designated LMCU checking or savings account every September 30. Think of it as a savings account that works quietly in the background all year, then delivers exactly when the season gets expensive.
Your balance plus interest is automatically deposited into your designated account on September 30 every year. The account stays open, so if you have recurring deposits set up, they’ll keep building your balance for next year.
You can withdraw from your Holiday Club Account before September 30, but there is a $3 penalty per withdrawal. It’s worth leaving it alone until the automatic transfer — that’s when you really feel the payoff.
No fees, no minimums. We suggest opening with at least a $5 deposit to get started, but there’s no requirement to maintain any balance.
Your Holiday Club activity will appear on your regular monthly or quarterly LMCU statements alongside your other accounts.
Essentially, yes. Christmas Club accounts and Holiday Club accounts are the same type of product. A dedicated seasonal savings account. LMCU calls it Holiday Club to reflect the many occasions members save for: holidays, vacations, birthdays, weddings, and more.
LMCU offers Holiday Club Accounts and Christmas Club savings options to members in Michigan and Florida. You can open one online, stop into any branch, or schedule an appointment. LMCU has branches across Michigan and 23 locations in Western Florida.
Why LMCU? Sometimes our members say it best.
See what others are saying about Lake Michigan Credit Union.
One membership. Loads of money-smart possibilities.
Disclosures
$3 early withdrawal fee if withdrawn before September 30.
All variable rates listed are as of 9/10/2026 and subject to change after account opening.
All featured LMCU members were compensated for their time.
