holiday club

Make Savings Merry

If holiday or year-end expenses seem to creep up on you every year, a Holiday Club account is the perfect way to plan, save and be prepared.
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at a glance

Holiday Expenses Covered

Regardless of the need—Christmas, big seasonal trip or anything else—this account pays up to 2.00% APY on balances up to $4,000 and includes a built-in stop gap to impede spending. Once the funds are disbursed on November 1, the account automatically renews so you can get a jump on next year.1

Tier Rate APY
Balances up to $4,000 1.982% 2.00%
Balances over $4,000 0.010% 2.00% to 0.01%

More about blended rates: Accounts that pay a different dividend rate on the amount of funds in each tier. Each dividend rate applies to the portion of the account balance within each tier and not the entire account balance. This is known as a blended APY. Examples: For a $4,000 deposit, the APY = 2.00% For a $5,000 deposit, the blended APY = (4000*0.000+1000*0.0001)/4000 = approx.0.00% For a $5,000 deposit, the blended APY = (4000*0.000+3000*0.0001)/5000 = approx. 0.000%.

Locked Assets

To encourage savings, this account prevents withdrawals or overdrafts.  
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Annual Payout

Access our funds on November 1 each year to cover holiday and end-of-year purchases.

Autosave

Set up automatic deposits with Direct Deposit or recurring transfers from another account.
Account benefits

Perks with Your Account

Enjoy 24/7 access to your savings through online banking, while still having the option for personalized, face-to-face service at any of our branches.
Mobile alerts

Manage the Ups and Downs of Saving 

Setting up alerts within Online Banking can let you know when your balance is dipping too low or when the balance has crested above the amount you established. It’s just an easy way to keep a pulse on your account as transactions post. 
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Direct Deposit Tool

Set Up Direct Deposit in Minutes

Skip the paperwork and enjoy faster access to your paycheck with our Direct Deposit tool. Easily connect with your employer or payroll provider and have the funds deposited directly into your account.
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Credit card offer

Rate or Reward - Your Choice

Whether you carry a credit card balance and are rate sensitive or you like to use a credit card for every-day expenses to rack up rewards, look no further for a credit card option to meet either need. With generous limits, a quick application and the option to pick up a card at any branch—there’s no reason not to apply. 
Other Products & Services

Explore More Banking Options

We offer a range of valuable products and services designed to meet all your financial needs. 
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$200 with New Free Checking

No monthly maintenance fee, debit card rewards and free online banking for easy access to your money are included with this offer.*
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High Yield Savings Special

Take advantage of one of the best savings rates on the market. MIDFLORIDA's High Yield Savings account earns 3.00% APY.*
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Home Equity Loans

With rates as low as 7.35% APR on a 20-year term, you can use the equity in your home to cover large purchases and pay no closing costs on loans up to $400,000.*
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Holiday Club FAQs

The minimum to open a Holiday Club account is $20.

The Holiday Club account is set up to ensure the money you save is there when the need rolls around. As such, early withdrawals (prior to November 1) from a Holiday Club account incur a $5 per transaction fee. 

To make saving painless and routine, set up recurring transfers from your MIDFLORIDA checking account or from a linked account.

1. Holiday Club Offer: Valid as of November 1, 2024. Membership and eligibility requirements apply. Fees may reduce earnings. A $20 minimum opening deposit is required for this account. A penalty may be assessed for early withdrawal of funds. Rates may change after the account is opened, without notice. Annual Percentage Yield (APY) is accurate as of November 1, 2024. See a MIDFLORIDA Credit Union associate for additional terms and fees.

*Free Checking Offer: Valid as of November 1, 2024, and may be canceled at any time. MIDFLORIDA Credit Union membership and eligibility requirements apply. See associate for details regarding fees and terms. To qualify for the $200 incentive, you must open a new qualifying checking account with direct deposit ($500 cumulative which must post within 60 days of account opening; cash transfer app deposits do not qualify); accept and open online banking, eStatement, and a debit card; and complete 5 debit card purchase transactions which must post in one calendar month (to be completed within the first 60 days of account opening). A qualifying checking account includes Free Checking, Debit Card Banking, Relationship Checking and Investor Checking. Freedom Banking and High Yield Checking do not qualify. No dividends are paid on Free Checking or Debit Card Banking. Annual Percentage Yield is 0.00% for Free Checking and Debit Card Banking. Annual Percentage Yield for Relationship Checking is 0.00% for balances up to $1,499.99, and 0.01% for balances $1,500.00 and over. Annual Percentage Yield for Investor Checking is 0.25% for balances up to $999.99, 0.25% for balances of $1,000.00 to $10,000.00, and 0.25% to 0.05% for balances $10,000.01 and over. Limit one incentive per Social Security number. Past checking account holders and previous recipients of checking account incentives are ineligible. The incentive will be deposited to new Free Checking account after the qualifications have been met, and will be reported to the IRS. Minimum to open Free Checking is $50.


*High Yield Savings Special: Offer and rate valid as of November 1, 2024, and may be canceled at any time without notice. Membership and eligibility requirements apply. No institutional funds. Fees may reduce earnings. Minimum to open is $25,000. Not available for commercial accounts. This is a tiered product. 3.00% Annual Percentage Yield (APY) currently applies to all tiers regardless of balance. Rates may change after the account is opened, without notice. APY shown is accurate as of November 1, 2024. Contact employees for further information on fees and terms.


*Home Equity Loan: Membership and eligibility requirements apply. Offer valid as of November 1, 2024, and may be canceled without notice. MIDFLORIDA Credit Union membership and eligibility requirements apply. Approval subject to application, eligibility, credit and acceptable property (must be your primary residence, manufactured homes excluded; acceptable appraisal and title required; condos or townhouses eligible only if loan pays off all other mortgages and liens). property insurance required. flood insurance when required. online appraisal typically used to determine home value. not available for refinance or consolidation of existing Midflorida loans. Loan amounts from $10,000 to $500,000. not all homes will qualify to be mortgaged for more than their original purchase price. other terms and conditions apply. See your loan officer for details. Home Equity Loan payment example: A 20-year fixed rate loan for $100,000 at 75% CLTV at 7.338% and an Annual Percentage Rate (APR) of 7.35% would have a monthly payment of $796.00, which includes principal and interest. Payment example does not include taxes and insurance premiums; the actual payment obligation will be greater. No Closing Costs applies to eligible loan under $400,000 on primary residence on platted lot less than 1/2 acre with a combined loan to value (CLTV) of 75% or less. Does not apply to purchase transactions. Appraisal, survey, title policy and other closing costs at borrower's expense may be required on other loans. Costs subject to recapture within 36 months. Not all homes will qualify to be mortgaged for more than their original purchase price.