Summer Club
Plan for sunshine and savings. Build your summer fund all year long and enjoy stress-free spending when the season arrives.
- Earn up to 3.05% APY*
- No minimum opening deposit or minimum balance requirement
- Funds disbursed in the first week of July
- Penalty on earnings for early withdrawals*
*APY= Annual Percentage Yield. Effective Date: 10/17/2026. Advertised APY of 3.05% is highest for Summer Club accounts and applies to accounts with minimum balances of $5.00 and above. Summer Club account dividends are paid monthly on minimum balances of $5.00 and above. A $50 fee will be charged for withdrawals made before the scheduled disbursement. Dividends are forfeited if account is closed prior to payment. Fees could reduce the earnings on the account.
Christmas Club
Plan for the holidays and take the stress out of seasonal spending. Save steadily all year and watch your holiday funds grow.
- Earn up to 3.05% APY*
- No minimum opening deposit or minimum balance requirement
- Funds released just in time- first week of November
- Penalty on earnings for early withdrawals**
*APY= Annual Percentage Yield. Effective Date: 10/17/2026. Advertised APY of 3.05% is highest for Christmas Club accounts and applies to accounts with minimum balances of $5.00 and above. Christmas Club account dividends are paid monthly on minimum balances of $5.00 and above. A $50 fee will be charged for withdrawals made before the scheduled disbursement. Dividends are forfeited if account is closed prior to payment. Fees could reduce the earnings on the account.
| Account Type | Rate | APY* | Minimum Deposit | Minimum Balance to Earn |
|---|---|---|---|---|
| Regular Share | 0.40% | 0.40% | $5.00 | $50.00 |
| Instep Kids & Teen Savings | 4.00% | 4.09% | No Minimum | $0.01 |
| Christmas Club | 3.00% | 3.05% | No Minimum | $0.01 |
| Summer Club | 3.00% | 3.05% | No Minimum | $0.01 |
| Business Savings | TBD | TBD | $100.00 | TBD |
*APY = Annual Percentage Yield. APY is Instep’s current rate. Effective Date: 10/17/2026. Dividend rates are subject to change without notice. Dividends are posted monthly based on the daily balance and compounded monthly. Instep Share Rates are variable rate accounts. Your share rate may change after the account has been opened. Rates are not guaranteed. Penalties for early withdrawals may apply. Fees may reduce earnings on the account. | ||||
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