Save for vacations, holiday purchases or any major purchase.
Club accounts provide an ideal way to save for a specific event or purchase. We provide a coupon book, which is used to promote regular weekly savings increments. Automatic payments from another Middleburg Bank account are recommended for convenience.
Interest is accrued on the ledger balance and paid at maturity of the club plan. All Club accounts mature in October. No interest is paid if the account is closed prior to maturity. Withdrawals before maturity are not permitted. Upon maturity, a check for the account balance plus interest is mailed to the accountholder.