Clubs commit you to a savings goal by a certain date. Clubs are an investment in which you can start very small without low balance penalties kicking in. That's the charm of Club accounts!
At Gibraltar all you need is as little as $3.00 to start setting money aside. Our Club Accounts start at denominations as low as $3.00 and go as high as $75.00 for a 50-week payment schedule. This means that depending on the denomination you choose when you open the Club, your total deposit commitment could be as little as $150.00, but no greater than $3,750.00. Gibraltar Clubs also 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, so it’s best to keep up with the payment schedule. Now, if you're not very good with a schedule or think you may just get too busy, just set up automatic transfers into your Club!
The small start-up deposit and structured payments make the CLUB a perfect first savings account for your kid because it helps you teach them the discipline of saving money.
Winter Clubs start around mid October with a last payment in late September of the following year.
Winter Club Accounts for
Club Year 2008-2009 are here.
Open one from October 20, 2008
through March 2, 2009.
Our Winter Club holders are setting aside $150.00 to $3,750.00
for Year-end goals
and Earning a 2.00% APY while they're at it.
Click here for our Winter Club Brochure.
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. His apparent difficulty in this picture may just illustrate what some of us may be experiencing!
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 $150.00 to $3,7500.00 for next year's summer time fun or "to-do's" while earning a fantastic 2.00% APY.
