Daily Dupaco

Wednesday, October 29, 2014

Holiday Club Account savings totals more than $4 million

The economy will get a holiday boost thanks to the more than $4 million saved and paid out to Dupaco members from their Holiday Club accounts.

The funds will be automatically deposited into members' accounts on Thursday, October 30.

A Holiday Club is traditionally opened in November with deposits made into the account weekly or bi-weekly throughout the year. On or about the following October 31, all savings, plus accumulated dividends, is paid out automatically to the depositor.

The 2014 Holiday Club savings total was an increase over the $3.54 million saved and disbursed in 2013.

Dupaco began offering its Holiday Club account in 1954. The "save for your goals" thrift concept was expanded in 2000, when it launched a variation of the Holiday Club called "You-Name-It" Savings Accounts, which allows members to save for specific goals--such as a vacation or furniture purchase--and automatically set aside money into an account and name it whatever they choose.

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