Jul 11, 2014 11:59
9 yrs ago
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English term

Christmas club

English to Arabic Other Government / Politics Governmental programs
Money market accounts
Christmas club accounts
compensation account(s)
Cash on hand/in safe deposit box
Savings bonds, stocks or mutual funds

Proposed translations

3 hrs
Selected

حساب توفير خاص بعيد الميلاد

The Christmas club is a savings program that was first offered by various banks in the United States during the Great Depression. The concept is that bank customers deposit a set amount of money each week into a special savings account, and receive the money back at the end of the year for Christmas shopping.
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