Vacation Club Deductions
As a Vacation Club Account member, you can ensure you have the necessary funds for that dream vacation next year! Start saving now with an amount of your choosing and the funds will be available by the end of May.
- Provide East and Accurate Savings For Your Future Trips
- Simplify Vacation Savings
Vacation Club Account: Payroll Deduction Authorization
- Club account year runs May 1st through April 30th.
- Initial contributions may begin at any time throughout the program year.
You decide how much to save, not to exceed $100 per week or $400 per month. - Deductions are shown on your paycheck stub. You may change your deduction at any time by submitting a new deduction authorization form. If you choose to stop your deduction, your funds will stay in the club account until the normal club refunds are issued (with interest).
- Deductions will automatically renew from one club year to the next unless an authorization form is submitted to stop deductions no later than April 30th.
- You will receive your refund in the same manner you receive your pay checks. Your refund will always be processed outside of your regular payroll and is not taxed. The date of the annual Vacation club refund is the Friday before Memorial Day and will include 3% APY*, simple interest unless an early withdrawal has been made. – *Annual Percentage Yield
- If you elect to take an early withdrawal, you will not be allowed to re-enroll until the new club year. When making an early withdrawal, club deductions will terminate and you will forfeit interest on all your savings for the entire club year.
- A $5.00 administrative fee will be assessed for an early withdrawal. Your early withdrawal request will be processed within 21 days of receipt.
- If you leave your employment, you may either keep your money in the club account until April 30th and receive all funds saved plus interest OR you may withdraw your money. In the latter case, no interest will be paid.
- In the event that your company leaves eESI, all employees will be paid their club refund with interest up to the date of the client’s termination. Refunds will be issued within 21 days.
- Interest Rate is subject to change at any time. eESI Reserves All Rights To Cancel This Vacation Club At Any Time.
