"Focus: Banking & Finance" piece on holiday club accounts, noting that the savin
"Focus: Banking & Finance" piece on holiday club accounts, noting that the savings accounts are still popular at some of Maine's smaller financial institutions. Saco & Biddeford Savings Institution, the oldest bank in Maine, continues to offer a Christmas club, joining the ranks of only 35 percent of other retail banks nationwide. Many large commercial banks, like TD Banknorth in Portland, have discontinued holiday clubs altogether, though they offer a comparable product. Jon Paradise of the Maine Credit Union League points out that the current generation is more credit-oriented versus savings-oriented.
Bank accounts, Saco and Biddeford Savings Institution, Maine Credit Union League
Richardson, Whit, ""Focus: Banking & Finance" piece on holiday club accounts, noting that the savin" (2005). Maine News Index – MaineBiz. 3490.
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