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Home > Checking & Savings > Savings Accounts > Foothill SummerTime and Christmas Club Savings Accounts

Savings Accounts

Regardless of your financial situation, Foothill Credit Union has a customized savings account to fit your personal investment needs. While you enjoy the highest quality products and services from Foothill, you will also earn competitive dividends on all of your savings.

SummerTime and Christmas Club Savings

SummerTime Savings

Foothill's SummerTime Savings Account offers a higher dividend rate than our regular share account, and allows you to save money for the summer months.

Features:

  • Funds will be deposited automatically through payroll deduction or direct deposit only
  • Flexible penalty-free withdrawals allowed June 1- August 31
  • Minimum monthly deposit is $50; Maximum monthly deposit is $2,000
  • All funds will be automatically transferred into your designated account on July 1, August 1, or September 1
  • Variable Account (rate subject to change) – currently at 1.50% APY%*
  • The regular SummerTime Savings Account is available to all members

 SPECIAL!  High-Rate SummerTime Savings Account for School Employees

Our SummerTime Savings Account was designed especially for our school employees to help them through the summer months when they do not receive a paycheck. Certificated and classified school employees are eligible for our Summertime Savings Account bonus rate. All other features of the Summer Time Savings Account remain the same.

  • Currently, the bonus rate available for school employees is 3.00% APY. This is a variable rate and is subject to change at any time.  For more information, or to open your SummerTime Savings Account, simply visit any branch or call our Phone Center at (626) 445-0950.

* APY=Annual Percentage Yield. Rate may change without notice. The minimum deposit amount each month is $50 and the minimum account balance required to earn the advertised annual percentage yield is $50. There is a $2,000 per month maximum deposit limit into the account. A $5 early withdrawal fee will apply if funds are withdrawn between September 1 and May 31. The account may be closed at anytime without paying the fee. Contact the credit union for complete details.

Please note: Members with a Christmas Club and a Summertime Savings are allowed a combined maximum deposit of $2,000 per month into both accounts. See the credit union for clarification.

Christmas Club Savings

Christmas Club Savings Account

With a Christmas Club Savings Account, spreading holiday cheer just a little bit easier. By saving regularly throughout the year—starting anytime and with as little as $50—you'll have money to celebrate the holidays, free from financial stress and worry. Although it’s called a Christmas Club savings plan, you can use this account to save for any special reason.

  • Variable rate account - Currently at 1.50% APY.  (Contact the Credit Union for current rates.)
  • Funds will be deposited automatically through payroll deduction or direct deposit only
  • Minimum monthly deposit is $50.00; maximum deposit is $2,000 per month*
  • All funds will automatically be transferred into your savings or checking account on November 1 every year
  • Once your Christmas Club funds are electronically transferred into your account, you can access it from your online banking, any branch or CO-OP Network ATM

Since withdrawals are not permitted on this account, your Christmas Club Savings will earn one of the highest rates paid on a savings account of this type. Your deposits and disbursement are handled electronically, making it even easier for you to save!

To start your own Christmas Club Savings Account, complete and submit a payroll deduction form to Foothill. For more information, stop by your nearest branch or contact a Member Service Consultant at (626) 445-0950.

*APY=Annual Percentage Yield. Rate subject to change without notice. The minimum deposit amount each month is $50 and the minimum account balance required to earn the advertised annual percentage yield is $50. There is a $2,000 per month maximum deposit limit into the account. Members with a Christmas Club and a Summertime Savings are allowed a combined maximum deposit of $2,000 per month into both accounts. Contact the credit union for complete details. See the credit union for clarification.

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