According to a Deloitte 2018 Holiday Survey, US consumers plan to spend on average $1,536 on the holidays this year. This is an increase from last year and doesn't take into account what they choose to purchase for themselves as they shop for others. If you're a little overwhelmed by the holiday shopping process this year, consider opening a Christmas Club Account at Citizens National Bank now and gradually add to it throughout the year to have cash for shopping next year and alleviate stressful spending. Set up an automatic transfer to your Christmas Club Account every time you get paid, or try the 52 week challenge where you put $1 in the account the first week, $2 in the account the second week, and so on building up to placing $52 in the last week of the year. This simple formula adds up to $1,378 over the course of the year!
Christmas Club Accounts are available to any CNB customer and may be opened with as little as $25. These savings accounts earn interest on all balances greater than $50 and the accumulated funds are automatically transferred to your designated CNB checking or savings account the first week of October each year to allow you easy access to funds for holiday shopping. Stop by a CNB office and open one today to make next year's shopping experience less stressful!