Christmas Club Accounts making a comeback - WALB.com, South Georgia News, Weather, Sports

Christmas Club Accounts making a comeback

By Wainwright Jeffers - bio | email

November 12, 2008

ALBANY, GA (WALB) - At least 40% of you started your Christmas shopping before Halloween, that's according to a recent nationwide survey.

Given the state of the economy, money you spend on those purchases may be harder to come by.

But a lot of south Georgians have plenty of money to spend because they planned ahead.

Saving with the help of Christmas Club accounts.

DOCO Credit Union members who stashed away money in their accounts throughout the year are now reaping the benefits, members saved one-point two million dollars this year.

"It's a great way for members to save money for a specific purpose and have it available when they need it. As soon as we release the money in November we try to get them saving again for the next Christmas," said Barry O. Heape, DOCO President & CEO.

Many credit unions and banks offer Christmas Club accounts.

Most penalize account holders for withdrawing money early, that discourages you from dipping into your savings before the holidays.

The National Retail Federation expects spending to go up less than 2% this year, the lowest increase in six years.

 Feedback
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Police respond to robbery by snatching at Albany package store

    Police respond to robbery by snatching at Albany package store

    Saturday, March 25 2017 11:32 PM EDT2017-03-26 03:32:15 GMT

    Albany Police have responded to a robbery by snatching at the National Package Store on Oakridge Drive. Dispatch has confirmed the call came in just before 8 p.m. Saturday, and the suspect fled the scene.

    More >>

    Albany Police have responded to a robbery by snatching at the National Package Store on Oakridge Drive. Dispatch has confirmed the call came in just before 8 p.m. Saturday, and the suspect fled the scene.

    More >>
  • "The Voice" contestant J Chosen helps community at Albany Strong Fun Fest

    "The Voice" contestant J Chosen helps community at Albany Strong Fun Fest

    Saturday, March 25 2017 10:32 PM EDT2017-03-26 02:32:57 GMT
    (Source: WALB)(Source: WALB)

    The focus Saturday was on taking a break from storm cleanup and recovery, and to have a little bit of fun at the Albany Strong Fun Fest. The festival happened all day, with bands hitting the stage from 12:30 to 7 p.m.

    More >>

    The focus Saturday was on taking a break from storm cleanup and recovery, and to have a little bit of fun at the Albany Strong Fun Fest. The festival happened all day, with bands hitting the stage from 12:30 to 7 p.m.

    More >>
  • Former America's Got Talent finalist visits Albany for "Seniors on the Runway"

    Former America's Got Talent finalist visits Albany for "Seniors on the Runway"

    Saturday, March 25 2017 9:46 PM EDT2017-03-26 01:46:19 GMT
    (Source: WALB)(Source: WALB)

    A big voice with roots in South Georgia visited Albany this weekend. Quintavious Johnson placed fifth on America's Got Talent back in 2014. He has family who lives here in Albany.

    More >>

    A big voice with roots in South Georgia visited Albany this weekend. Quintavious Johnson placed fifth on America's Got Talent back in 2014. He has family who lives here in Albany.

    More >>
Powered by Frankly