Christmas Club Savings Plan: Enrollment & Withdrawal Information

The Christmas Club Savings Plan is your key to avoiding the stress of post-holiday debt. Instead of facing credit card bills and overdraft fees in January, you’ll be earning interest on your savings. With this plan, the holidays can be more enjoyable without the burden of financial strain.

Christmas Club Savings Plan: Enrollment & Withdrawal Information​

Christmas Club Savings Plan: Payroll Deduction & Participation

  • Annual Savings Cycle: The club account operates from November 1st to October 31st each year.
  • Flexible Enrollment: You can start making contributions at any time throughout the program year.
  • Personalized Savings: You determine how much you save, with a maximum contribution of $100 per week or $400 per month.
  • Payroll Deduction: Contributions are automatically deducted from your paycheck and will appear on your pay stub. You can adjust your deduction at any time by submitting an updated authorization form.
  • Auto-Renewal: Your payroll deduction will continue into the next club year unless you submit a form to stop deductions by October 31st.
Christmas Club Savings Plan Payroll Deduction & Participation​
Receiving Your Christmas Club Payout​
Receiving Your Christmas Club Payout
  • Your savings will be returned to you in the same way you receive your paycheck.
  • Refunds are not taxed as they are separate from your regular payroll.
  • The payout, including 3% APY simple interest, will be issued the Friday before Thanksgiving, provided there have been no early withdrawals.
  • If an early withdrawal has been made, no interest will be earned on the savings for that club year.
Early Withdrawal Guidelines
  • If you withdraw early, you will not be able to re-enroll until the next club year.
  • Upon withdrawal, all payroll deductions will be terminated and all accumulated interest will be forfeited.
  • A $5.00 administrative fee will be charged for early withdrawals.
  • Early withdrawals will be processed within 21 days of the request.
Christmas Club
Employment & Christmas Club Participation​
Employment & Christmas Club Participation
  • If you leave your job, you have two options:
    • Keep your funds in the account until October 31st and receive your full savings with interest.
    • Withdraw your savings before October 31st, but you will not receive any interest on the balance.
  • If your company ends participation with ESI, all employees will receive their accumulated savings, plus interest earned up to the termination date, within 21 days.
Additional Terms & Conditions
  • Interest rates may be adjusted at any time.
  • ESI reserves the right to cancel the Christmas Club Savings Plan at any time.
Christmas Club

By participating in this program, you are making a smart financial decision—one that allows you to enjoy the holiday season without unnecessary financial strain. Start saving today and experience a stress-free holiday season!

Christmas Club Participation Form

Please enter the last 4 digits of your Social Security Number
Deduction Choice(Required)

Payroll Admin

Still doing your own payroll? Tasks involved with Payroll and Employee Administration are purely transactional events.

Human Resources

At eESI, our business is all about assisting with the management of any organization’s most valuable resource: people.

Employee Benefits

A benefit package can be a major incentive to lure the best new talent to your workforce and keep your current employees happy.

Risk Management

Risk is a basic part of business. As a co-employer we work to eliminate, mitigate or share your associated legal liabilities.

HCM Technology

eESI continuously utilizes the latest in technological advances through online and mobile solutions to make your life easier.

Payroll Admin

Still doing your own payroll? Tasks involved with Payroll and Employee Administration are purely transactional events.

Human Resources

At ESI, our business is all about assisting with the management of any organization’s most valuable resource: people.

Employee Benefits

A benefit package can be a major incentive to lure the best new talent to your workforce and keep your current employees happy.

Risk Management

Risk is a basic part of business. As a co-employer we work to eliminate, mitigate or share your associated legal liabilities.

HCM Technology

ESI continuously utilizes the latest in technological advances through online and mobile solutions to make your life easier.