Clubs commit you to a savings goal by a certain date. You can start putting money aside with a very small balance, without low balance penalties kicking in. That's the charm of Club accounts!
Use a Club for building the downpayment on your first home or a second home,
or for a deposit on a car.
The Gibraltar Club Accounts
At Gibraltar all you need is as little as $5.00 to start setting money aside. Our Club Accounts start at denominations as low as $5.00 and go as high as $100.00 for a 50-week payment schedule. Depending on the denomination you choose when you open a new Club or re-activate an existing one, your total deposit commitment could be as little as $250.00, but no greater than $5,000.00. Gibraltar Clubs allow you to catch up on missed payments without penalty, however there is a penalty for failing to catch up by the Club's year-end. You can also set up automatic transfers into your Club if you're not very good with a schedule or think you may just get too busy.
The small start-up deposit and structured payments make the CLUB a perfect first savings account for children. It helps learn the discipline of saving money.
Summer Clubs start in late May and have a last payment in mid May of the following year.
The Gibraltar Summer Club is a great way to set aside
$250.00 to $5,000.00 for next year's Summertime fun,
or a deposit on a car or towards a downpayment on a home.
SUMMER Club Accounts for
Club Year 2010-2011 are here.
Open one from
now through October 9, 2010.
and Earn a 1.00% APY
2010-2011 Summer Club holders will be getting their check May 2011.
Open a Summer Club for
your Summertime goal 2011!
Click here for our Summer Club Brochure.
Winter Clubs start in October with a last payment early October of the following year and a check in the mail (or credit to your Gibraltar checking or savings account) in two weeks.
Our Winter Club holders will have their $250.00 to $5,000.00
check in October of 2010
Plus interest earned at 1.25% APY, for holiday gift giving, something for themselves, a winter get-a-way, a down payment on a house, a deposit on a car ...
Click here to learn more.
A Note on our choice of brochure this year: While we may not all believe in the man in the red suit and the Bank does not endorse him or what he stands for, we all do know that he does have a goal to keep by a certain date!
