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All You Need to Know About Vacation Club Accounts

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. 

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