Earn interest with a Focus Federal Credit Union Club Account

The Focus Federal Credit Union can help you save throughout the year with a club account. With a club account, you can be more disciplined with your savings, ensuring a secure financial future.

A club account is more than just an interest-bearing savings account. It’s a tool that helps you save for specific future expenses. As a club account holder, you make regular contributions toward your goal, whether it’s a dream vacation, holiday shopping, a wedding, or other milestones. The disciplined approach to saving can help you avoid accumulating credit card debt, providing peace of mind.

The main advantage of a club account is you set aside little by little, year-round, for your holiday spending and other designated goals.

With a club account with Focus Federal Credit Union, you can:

• Avoid Debt. Your club account helps you avoid accumulating credit card debt while doing your holiday shopping or other planned expenses. By saving throughout the year, you can pay upfront for vacation costs, gifts, or holiday expenses instead of putting them on a credit card to pay off later. 
• Automate Deposits. You can transfer or deposit money on your own time at the click of a button on the TFFCU app. You can also set up automatic monthly transfers from your checking account so you do not have to remember to move the money.
• Earn Interest. By opening an interest-earning account, you can earn more money to put toward your vacation, wedding, or holiday shopping.

Committing to a savings plan can lessen your need for personal loans and credit cards. Designated accounts can also make spending tracking easier. 

At Focus Federal Credit Union, you can choose one of our club accounts:

• Holiday Club Account. Leave the stress behind and savor the holiday season. A holiday club account is a simple and effective way to set aside funds for holiday expenses without the temptation to spend prematurely. 
• Vacation Club Account. Are you planning for a much-needed getaway? Vacation club accounts can be opened at any time throughout the year. Then, when it’s time to pack your bags, you have the money saved for your trip. 
• Wedding Club Account. Once you estimate your wedding budget, you can define your savings goal. Open a wedding club account, make regular deposits, and then withdraw the money as needed to pay for wedding costs. 
• Birthday Club Account. We sometimes forget to account for irregular expenses like birthday gifts. With a birthday club account, you set aside small monthly amounts for these periodic purchases.
• Adoption Club Account. Agency fees, attorney fees, costs for the birth mother’s care, and travel are possible expenses you’ll face through your adoption process. And you don’t want to forget the additional costs of welcoming a child into your home. These factors are all part of the joy of adopting a child and making your home their home. An adoption club account allows you to have funds ready when needed.

Opening a club account is easy, and setting one up is a good way to stay motivated and accountable for saving a specific amount of time.

You can open an account online or by visiting a Focus Federal Credit Union branch. Once you set up a bank or credit union account, you can make weekly, bi-weekly, or monthly payments.

When it comes to club accounts, consistency adds up. After you open your account, set up automatic transfers from your checking account. The money will accumulate over time without any additional work on your part, so you don’t have to spend time or energy thinking about making a transfer.

What is a club account?

Club accounts are savings accounts you can use to save money for a specific purpose. Common club accounts include those for a wedding, holiday, or vacation.

How can I open a club account?

You can open a TFFCU club account by visiting any branch location or by choosing More Services and selecting Open a Sub Account online. 

Why would I open a club account?

Putting funds aside regularly can help you pay for holiday expenses or a vacation without using credit cards or a personal loan.

How does a club account work?

Club accounts are short-term savings accounts designed to save for a specific expense. You earn interest on deposits made into the account during the year. Club accounts allow for weekly or monthly deposits.

Is a holiday club account worth it?

Yes, it is. Americans spent an average of $975 on holiday gifts. Depositing around $90 per month would allow you to budget without dipping into savings or using credit cards when the holidays roll around.