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November 22, 1957, Appleton Post-Crescent
Do banks, or for that matter, credit unions, still have Christmas Club accounts? I know a person can get the same results (and higher interest) if he or she would drop their money into a short term CD that matures right before you need it at Christmas time.
Granted, we were a bit more naive back then when it came to our money, but the nostalgic factor remains high for the day when that check arrived and one could go about his or her shopping knowing that they fulfilled their goal and actually had a plan that year.
If Christmas Club accounts do still exist, they probably only pay out by Venmo or PayPal or something along those lines. When I worked at the First National Bank of Menasha in the 1980s we still offered Christmas Club accounts.
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