All You Need to Know About Vacation Club Accounts

Summertime means week-long vacations, day trips and weekend getaways. But all of those vacays can cost a pretty penny! How will you pay for your summertime expenses?

Lucky for you, as a member of New Orleans Firemen's Federal Credit Union, you already have access to a range of savings options and loans that can help you fund a large purchase, like a dream summer vacation. One of these options is the Vacation Club Savings Account. 

Let’s take a closer look at this vacation club account and how it can help make summertime fun more affordable.

What is a club account?

A club account is a type of savings account in which the account holder makes regular contributions toward a predetermined goal. Vacation club accounts are designed to help the account holder save up for vacation expenses.

What are some advantages of a vacation club account?

Vacation club accounts make dream vacations affordable by spreading the costs throughout the year. However, there are many more benefits to a vacation club account. Here are just a few:

• Motivates you to save

• Builds strong saving habits

• Prevents overspending and new debt

• Keeps vacation money out of sight

• Favorable interest rates

Vacation club accounts make summer getaways affordable. Use this info and make an informed decision.