Vacation Club Account

A Vacation Club Account is another easy way to set aside money for a vacation or other special purpose.

  • There is no minimum opening deposit amount or monthly service charge.
  • You may withdraw your funds at any time.

Current Rates

Vacation Club Rates

Minimum Balance Rate Annual Yield Terms
No Minimum Balance .00 .00 Vacation

Disclaimer

REGULAR SHARE, VACATION SHARE, CHRISTMAS SHARE, VOLUNTARY ESCROWS, REQUIRED ESCROWS AND SECONDARY SHARE ACCOUNTS

Statuary Lien:
If you are in default on a financial obligation to Patriot Federal Credit Union, federal law gives Patriot Federal Credit Union the right to apply the balance of shares and dividends in your account(s) to satisfy that obligation. Once you are in default, Patriot Federal Credit Union may exercise this right without further notice to you.

Dividends:
The dividend rate and APY may change every dividend period as determined by the credit union board of directors.

Your credit union is a member-owned financial institution. It pays dividends based on earnings. Dividends are paid according to the dividend period described below. Dividends are computed on the end of the day balance and are compounded and credited quarterly.

Accrual of Dividends:
Dividends will begin to accrue on the business day you deposit cash and/or noncash items (e.g., checks) to your account.

Nature of Dividends:
Dividends are paid from current income and available earnings, after required transfers to reserves at the end of a dividend period. Dividends are calculated on a daily basis

  • That is from day of deposit to day of withdrawal. Funds withdrawn prior to the end of the dividend period will earn dividends for the number of days they remained on deposit.

Your dividends will be available to you anytime after they are paid. Dividends are paid on the last day of March, June, September and December with the exception of the required escrow account dividends which are paid on the first day of April, July, October and December 31.

Current Rate:
For the current dividend rate and annual percentage yield, please refer to the dividend rate page located on this site.

Other Terms and Conditions
Minimum initial deposit.....$5.00
Minimum balance required to obtain annual percentage yield.....$5.00
Must maintain a minimum balance of $5.00 everyday in statement cycle to earn APY.

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