Opening a sub account can get you more involved in saving. A sub account, like a Club, or Secondary Savings account, can be opened right at home through online banking, or at any WPCU Member Center.
A Club account is generally opened for a specific savings purpose like Christmas, Back to School, or Taxes, and has a specific maturity date (time of year when funds will be used), but can be set up for many other reasons.
A Secondary Savings account is essentially just like a traditional savings account, which gives you the flexibility to save for exactly what you want, while allowing you to withdraw from it any time you want.
Both types of accounts can be named to reflect exactly what the account was set up for (ex: “Vacation Club” or “Girl’s Night Out”), and can help you keep track of all the things you might be saving for. They’re easy to track with online banking, and can be accessed through Call-24, as well.
Sub accounts are a fun little way to watch your money grow, and you’ve gotta love that.
Wednesday, November 26, 2008
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