Save for What Matters Most — Without Stress

Whether it’s holidays, vacations, or taxes, planning makes all the difference. With our Savings Club Accounts, you set aside funds throughout the year, so that you’re ready when it counts. Choose the club that fits your goal, deposit regularly, and watch your savings grow—with dividends1—until it’s time to use them.

Explore Club Options Use the Savings Calculator

Make Saving for Special Moments Simple

Saving for big expenses can feel overwhelming—but it doesn’t have to be. Our Club Accounts help you build funds steadily and securely, with options designed for your goals. At maturity,2 the money you saved, plus earned dividends1 from your Holiday or Vacation Club transfers automatically into your regular Share Savings account—ready for you to use without surprises. On the other hand, Tax Clubs have no maturity date; you can request a check payable to a tax authority at any time2.

Why our Savings Clubs work for you

  • No monthly service fees—every dollar goes toward your goal.
  • No minimum to open. Holiday and Vacation Clubs allow deposits up to $1,000 per month to help you stay on track.
  • Daily-compounding dividends help your balance grow a little more every day1.
  • NCUA insured up to at least $250,000—your savings are safe3.
  • Limited withdrawals2 keep you focused and committed all year long.
  • Earn higher dividends than a Regular Share Savings account1—more reward with less effort.
  • Set up automatic monthly deposits to build savings without thinking about it.

Choose Your Savings Club

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Holiday Club

Prepare for Christmas by depositing a little each month. By the holidays, you’ll have plenty of cash to spend. We release the funds on the second Friday of November each year2.

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Vacation Club

Ready for your dream vacation? Save in advance with this account. The funds are available on the second Friday of May each year2.

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Tax Club

Avoid surprises at tax time. Whether you pay quarterly taxes or file once a year, this account helps you plan ahead and set money aside. Funds stay in your Tax Club account until you request a disbursement in writing2.

To request a disbursement, send a secure message through Online Banking. Choose the Message topic “Member Transfer – Transferencia Entre Socios” and ask that the funds be sent to pay your taxes. We’ll confirm the request and process the transfer.

FAQs

Savings Club Accounts help you save steadily for your special goals by making regular monthly deposits throughout the year. For Holiday and Vacation Clubs, your funds plus dividends1 automatically transfer to your Share Savings account on the payout date—ready whenever you need them. For Tax Clubs, your funds remain in your account until you request a disbursement in writing to pay your taxes.2

Holiday and Vacation Club funds are meant to stay in the account until the club’s maturity date. If you withdraw early, a penalty equal to that quarter’s dividends will apply.

Tax Club funds work differently — you can request a withdrawal at any time by sending us a written request.

There’s no minimum deposit to start a Club Account. To keep your savings steady and manageable, your monthly deposits for Holiday and Vacation Clubs cannot exceed $1,000.

You can make your initial deposit by transferring money from your existing OAS FCU account or an external account linked through Online Banking4 or ACH. For monthly savings, set up automatic transfers or payroll deductions — and just make sure funds are available when the transfer happens.

Dividends are calculated daily using the daily balance method1 — a small rate is applied each day to your balance and any dividends earned. They’re credited to your account every quarter at the end of your statement cycle.

It depends on your Savings Club type:

  • Holiday and Vacation Clubs: After a full year of scheduled monthly deposits, your savings plus dividends will automatically transfer to your Share Savings account on the club’s maturity date: the second Friday of November (Holiday) or May (Vacation).

  • Tax Club: Your funds remain in your Tax Club account until you request a disbursement in writing. We’ll transfer the amount you specify to your Share Savings or Checking account so you can make your tax payment.

Early withdrawals or changes depend on club rules and usually require contacting us. We’re here to help you find the best option for your situation.2

Opening a Savings Club Account is easy! You can do it online through our Online Banking or Mobile app, visit any branch, or call our Member Services team — we’ll guide you every step of the way.

The Tax Club Account helps you save to pay taxes with no minimum deposit or balance required. Just set up a payroll deduction or automatic transfer to keep saving. When it’s time to pay taxes, contact our Member Services team — we’ll help you access your funds quickly and stress-free.2

Disclosures

  1. Dividends are compounded daily and credited quarterly. If you close your Club Account before dividends are credited, accrued dividends for that quarter will not be paid. To see current rates, visit the Rates Page.

  2. These accounts automatically transfer on their maturity dates: the second Friday of November for Holiday Clubs and the second Friday of May for Vacation Clubs. For details, please refer to the Truth in Savings Disclosure. Tax Clubs do not mature; funds are available upon your written request.

  3. Your deposits are insured through the NCUA Share Insurance Fund, which protects share accounts such as Share Savings, Share Draft, and Share Certificates, dollar for dollar including principal and posted dividends, up to the applicable insurance limits. Insurance coverage is based on the ownership category (for example, individual, joint, retirement, and certain trust accounts) and may allow coverage greater than $250,000 depending on how accounts are structured. The Share Insurance Fund is backed by the full faith and credit of the United States. For details and examples of coverage based on ownership type, please review the NCUA Share Insurance resources or contact us for assistance.

  4. Transfers to and from external institutions require setting up an authorized external transfer account through Online Banking. This process includes a micro-deposit verification step, which may take up to 5 business days. Only domestic (U.S.) financial institutions are eligible. Routing number requirements, ACH eligibility, and processing times may vary by institution.

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