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Pearl Hawaii Credit Union
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Why Should I Open A Holiday Savings Account?

Having a holiday savings account is important so you’re not tempted to dip into your emergency fund or other savings accounts. Most experts recommend having at least six months’ worth of savings put aside in the event of an emergency. The account should cover living expenses like your mortgage or rent, food, gas, and other expenses that you may incur. If you do have an emergency savings account, it’s important not to dip into it when you need money. By creating a separate savings account, you can make a clear plan to meet both goals.

 

A STRESS-FREE HOLIDAY? 

Avoid the stress that comes with the holiday season and open up Pearl Hawaii’s Holiday Savings account. With a Holiday Savings account, you can save during the year and avoid debt during the holidays.

 

START WITH $5

With a minimum opening deposit of $5, start saving for the holidays now by setting up monthly deposits into your account. On November 1st, we will deposit your savings plus the interest you earned into your Checking** account. You can start your holiday shopping with cash in hand. It’s the perfect way to prep for your gift-giving and holiday needs.

HOLIDAY SAVINGS BENEFITS

  • Earn 0.20% APY* while you save
  • Open any time of the year
  • Automatically transfers into your account on November 1st
  • Minimum balance for interest earnings |  $5.00
  • Monthly Account Service Fee | $0.00
  • Early Closure Penalty | $0.00
  • Deposit Limit | $0.00

WHY YOU SHOULD OPEN A HOLIDAY SAVINGS ACCOUNT THAT’S SEPARATE FROM YOUR EMERGENCY FUND?

By creating a separate savings account, you can prepare for the holidays and emergencies. Additionally, splitting your paycheck between accounts at separate banks can be an extremely effective money-saving trick. By hiding your savings away, you’ll be less tempted to spend what you can’t see. Get started now with only $5.00… Not a member? You can also get started within minutes…  

WHERE SHOULD I KEEP MY EMERGENCY SAVINGS?

Since emergencies are often unpredictable, your emergency fund should be easily accessible at a moment’s notice. Essentially, that means being able to withdraw your funds instantly with no repercussions. Therefore, the best place to keep your emergency fund is in a high-interest savings account, like Pearl Hawaii’s Jumbo Savings.

 

EXISTING MEMBERS  Get Started

NOT A MEMBER YET? Open Your Account

HELPFUL HOLIDAY HINTS

*Annual Percentage Yield. Deposits are made between November 1st and October 31st of each year. On November 1st, funds in the account will be transferred to the member’s checking or savings account (if checking is not available). $5.00 minimum balance to open and earn APY. There is a $5.00 fee per withdrawal. Fees could reduce the earnings on the account. Federally insured by NCUA.