Exchange Bank and Trust Christmas Club Account

Exchange Bank and Trust Christmas Club Account Review

Exchange Bank and Trust Christmas Club Account is offered by Exchange Bank and Trust, founded in 1856 and based in Atchison, KS. Exchange Bank and Trust Christmas Club Account is available in 1 state across the USA.

• Higher than average APY. Exchange Bank and Trust Christmas Club Account has an annual percentage yield of up to 0.1%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $0.01.
• Small minimum initial deposit. You only need $5 to open an account.

Pros	Cons
Interest-yielding account.	No signup bonus. Does not offer mobile check deposits. Does not provide access to a nationwide ATM network. Does not come with a debit card Not FDIC-insured. Only available in one state. Higher than average wire transfer fees.

Are savings accounts from Exchange Bank and Trust federally insured?

No, your Exchange Bank and Trust savings accounts are not insured by a federal insurance agency. This means that if Exchange Bank and Trust were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

Does Exchange Bank and Trust offer a signup bonus?

Exchange Bank and Trust Christmas Club Account doesn't offer a signup bonus.

What is the minimum initial deposit for Exchange Bank and Trust Christmas Club Account?

The minimum deposit to open a Exchange Bank and Trust Christmas Club Account is $5.

Exchange Bank and Trust Christmas Club Account Minimums

Description
Minimum Balance to Earn APY	$0.01
Minimum Opening Deposit	Starting at $5
Minimum Required Balance	$0

What APY does Exchange Bank and Trust offer?

Exchange Bank and Trust Christmas Club Account offers an APY of 0.1% (APY stands for annual percentage yield, rates may change).

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does Exchange Bank and Trust Christmas Club Account charge?

Exchange Bank and Trust Christmas Club Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

• Outgoing domestic bank transfers come with a $30 fee.
• Incoming domestic bank transfers come with a $20 fee.
• Outgoing international bank transfers come with a $75 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Incoming international bank transfers come with a $20 fee.
• Exchange Bank and Trust Christmas Club Account charges a $10 fee for an early account closure. Contact Exchange Bank and Trust Christmas Club Account for more details on what is considered an early closure.
• Exchange Bank and Trust Christmas Club Account charges $2 every time you request a paper statement.

What features and perks does Exchange Bank and Trust Christmas Club Account offer?

This savings account includes the following features:

Can you set up a direct deposit to Exchange Bank and Trust Christmas Club Account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Exchange Bank and Trust Christmas Club Account?

The customer support email for Exchange Bank and Trust Christmas Club Account is ibank@myexchangebank.com.