SeaComm Federal Credit Union OFFICIAL BLOG

The Benefits of a Club Account

When it comes to saving up for important events or purchases, look no further than your club account with SeaComm! Here are five reasons a club account could be a great savings option for you. 

Incentive to save: Having a separate place to keep your holiday or vacation funds makes it easier to track your progress, and encourages you to keep saving.

Customize your account: At SeaComm, you can name your club accounts with a custom title. For example, you may be able to call your account “Summer Vacation 2022.” Attaching your financial plans to your club account helps make it real and will motivate you to stick to your goal.

Builds strong saving habits: This short-term savings account encourages saving for the holidays, a vacation, or special occasion. You can set up automatic transfers directly from your checking, which will allow you to “set it and forget it,” without worrying about spending money sporadically on your own.

Prevents overspending and debt: Many people pay for their vacations or Christmas gifts by credit, and then spend many months paying it all back. The financially responsible way to cover these expenses is to save up for it beforehand. A club account helps you do just that!

Earn interest on your money: Just like a regular savings, a SeaComm Club account will allow you to earn dividends, which are calculated on your average daily balance. These are paid out to you on a monthly basis. Click here to learn more, or give us a call at (800) 764-0566!

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