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All Purpose and Christmas Club Accounts

Start saving for something special!


Whether you open a Christmas Club Account or an All Purpose Club Account, either is a wonderful way to set aside money and earmark it for a specific purpose. Treat the family to gifts they’ll love, take a vacation, or finally get that boat you’ve been talking about!

Account Details and Features

  • Open an All Purpose Club Account with an opening deposit that matches your weekly payments: $20.00, $30.00, $40.00, or higher. You set the limit in $10.00 increments. Payments must be deducted from your First Northern Bank and Trust Checking or Savings Account.
  • Open a Christmas Club Account with an opening deposit that matches your weekly payments: $10.00, $20.00, $30.00, $40.00, or $60.00. Payments can be made with a Christmas Club Payment Schedule or deducted from your First Northern Bank and Trust Checking or Savings Account.
  • Online Banking (balance views only, no electronic transactions)
  • Mobile Banking App for iPhone®, iPad®, and Android™ phones and tablets is available for download at the App Store℠ and Google Play™ (balance views only, no electronic transactions)
  • Express Banking (access your account by phone)
  • View competitive interest rates.
  • See additional details


Open a Club Account.

Call 1-800-344-2274 or visit any branch location.

Once the account is open, you can enroll in Online Banking and download the First Northern Bank and Trust Mobile Banking App from the App Store or Google Play.



All Purpose Club Accounts
There is no fee for the Mobile Banking App but connectivity and usage rates by your carrier or internet provider may apply. Contact your wireless service provider for more details. Deposits are subject to verification and are not available for immediate withdrawal. Deposit limits and other restrictions apply. iPhone and iPad are registered trademarks of Apple Inc. Android is a trademark of Google LLC. App Store is a service mark of Apple, Inc. Google Play is a trademark of Google LLC.

Rate Information. View current rates. You will be paid this interest rate at maturity.

Compounding and Crediting. Interest will not be compounded daily and will be credited to the account at maturity. The Annual Percentage Yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. If you close your account before interest is credited, you will not receive the accrued interest.

Minimum Balance Requirements. You must deposit $20.00 to open this account. You must maintain a minimum daily balance of $20.00 in the account each day to obtain the disclosed annual percentage yield.

Balance Computation Method. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual on Non-Cash Deposits. Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

Transaction Limitation. You cannot make withdrawals of principal from your account before maturity. You may only make deposits into your account via automated transfers (AFT).

Maturity Date. Your account will mature 1 year from the date it was opened.

Early Withdrawal Provisions. We will impose a penalty of $20.00 if you withdraw any or all of the deposited funds before the maturity date. The account must be closed.

Renewal Policies. Your account will automatically renew at maturity. You will have a grace period of 5 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.

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Christmas Club Accounts
There is no fee for the Mobile Banking App but connectivity and usage rates by your carrier or internet provider may apply. Contact your wireless service provider for more details. Deposits are subject to verification and are not available for immediate withdrawal. Deposit limits and other restrictions apply. iPhone and iPad are registered trademarks of Apple Inc. Android is a trademark of Google LLC. App Store is a service mark of Apple, Inc. Google Play is a trademark of Google LLC.

Rate Information. View current rates. You will be paid this interest rate at maturity.

Compounding and Crediting. Interest will be compounded annually and will be credited to the account annually. If you close your account before interest is credited, you will not receive the accrued interest.

Minimum Balance Requirements. You must deposit the weekly Club amount to open this account. You must maintain a minimum daily balance of the weekly Club amount in the account each day to obtain the disclosed annual percentage yield.

Balance Computation Method. We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual on Non-Cash Deposits. Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

Transaction Limitation. The minimum amount you can deposit is $10.00, $20.00, $30.00, $40.00, or $60.00. You may make withdrawals of principal from your account before maturity only if we agree at the time you request the withdrawal. If a withdrawal is made from this account prior to maturity then this account must be closed.

Additional Information Regarding Your Account. Non-automatically renewable time account - This account will not automatically renew at maturity. If you do not renew the account, interest will not accrue after maturity.

Maturity Date. Your account will mature on the maturity date set by the Bank for Christmas Club Accounts.

Early Withdrawal Penalties. A penalty will be imposed for withdrawals before maturity. You will incur a fee of $20.00 plus forfeit any accrued interest. There are certain circumstances, such as the death or incompetence of an owner, where we may waive or reduce the penalty.​