The Christmas Club is a little different: money you put away is only available after October 15, helping ensure that you’ll have what you need for the holiday season.
Christmas Club accounts with $100 or greater earn interest and you can set up an automatic transfer from your payroll deposit.
We’re on the cusp of the holiday shopping season, and ordering things online. This year, consumers are expected to drop nearly $210 billion on online purchases, according to Adobe.
But don’t use your debit card online.
That’s because your debit card is tied to your checking account. And while they’re terrific tools to ensure you don’t spend more than you have available, when you use them online, you run the risk of thieves getting access to your data. And, as a result, your checking account.
The best alternative? Use a credit card instead when you’re cyber-shopping. Federal regulations cap your liability to just $50 if your credit card information is stolen. You could be on the hook for far more if you use a debit card. (If you don’t have a credit card, ask us about our Adirondack Regional Federal Credit Union Visa Rewards Credit Card