Holiday savings tips to bring the cheer
Keep your holidays stress-free
The holidays don’t have to derail your finances. You don’t need a perfect savings plan or a large sum of money upfront to cover seasonal costs—just a simple, consistent savings routine that fits your budget. One of the best ways to stay on track is by setting up a dedicated holiday Savings Account and setting a realistic goal based on what you typically spend during the season. Whether it’s for travel, events, gifts, food or other holiday expenses, planning ahead takes the stress out of the season.
The importance of a holiday Savings Account
Opening a separate Savings Account for holiday spending does more than just track your progress. A holiday Savings Account provides structure and helps you go into the season financially prepared. This way, you avoid accumulating debt while shopping and keep your holiday savings separate from other funds, like your vacation or emergency savings.
You can even automate deposits based on your pay cycle to make saving effortless. For example, starting in January, if your goal is $1,800, setting up an automatic transfer of $150 per month ensures you’re financially prepared without scrambling at the end of the year.
This approach also gives you flexibility. If you need extra cash in certain months, you can temporarily reduce your contributions. Conversely, you can increase your savings during months when you have extra funds to stay on track. You can adjust your automatic transfers anytime through Digital Banking1 to fit your needs.
Grow your savings faster with a High-Yield Savings Account
While any dedicated Savings Account is a smart move, an Abound High-Yield Savings Account helps your money grow faster with competitive, market-leading rates2. There's no minimum balance requirement, and you earn our best rates when you save up to $25,0002. Plus, dividends are paid monthly, so you’ll see your balance grow consistently2. It’s a great way to maximize your savings and build financial security for the season ahead.
What if I don’t meet my savings goal?
Even with the best planning, unexpected expenses can throw your savings off course. We get it! If you need extra cash for the holidays, Abound has options, such as:
Plus, right now, when you open a Personal Loan of $5,000 or more, you’ll be entered for a chance to win in our $25,000 holiday giveaway3. Five winners every month will receive $1,000 each3.
Not sure which option is right for you? Visit your local branch, and our team will guide you to the best financing solution for your needs.
Give yourself the gift of financial confidence this holiday season. Establish a holiday Savings Account, set your goal and enjoy the season knowing you’re in control.
1Carrier rates may apply for data usage.
2Dividend rates are variable and may be changed or discontinued at any time. A blended APY is calculated based on balances in each earning tier, and the exact APY will depend on the balance in the account. Dividends paid and compounded monthly. Limit of one High Yield Savings Account per primary member’s Social Security Number. Available to both business and consumer Members. Subject to $10 Membership fee if not already a Member.
3Personal Loans opened between August 14-December 31, 2026 for amounts $5,000 or greater will be automatically entered. Click here for sweepstakes details and official rules. No purchase necessary.
