Holiday Savings Club Enrollment Time!
In keeping with our tradition, Washington College is once again pleased to offer voluntary individual Holiday Club Accounts through Peoples Bank of Kent County, Maryland. You may open a Holiday Club Account through payroll deduction by printing the forms attached or picking up a Holiday Club Enrollment pack from Human Resources.
2017 Holiday Savings Club Checks are being processed by PBKC Checks will be mailed 10/3/17
2018 Holiday Savings Clubs begin 10/3/17…INTEREST RATE OF 0.89%!
If you are a new club enrollee, once you receive the enrollment packet you must personally go to Peoples Bank to open your account. You will be assigned an individual account number with Peoples Bank solely for your use and once you have completed the forms you will return them to the Office of Human Resources.
If you decide to open a Holiday Club account, bi-weekly payroll deductions will be made from your paycheck and deposited directly into your personal account at Peoples Bank. The minimum amount you may deposit is $4.00 per pay. Also, please note that amounts deposited must be in whole dollars.
Any employee who has an existing Holiday Club account will not need to complete any paperwork unless you wish to change your bi-weekly deduction amount. To change your bi-weekly deduction amount you will need to complete a new Authorization Agreement for Direct Deposit of Payroll with the new amount indicated and return to Human Resources.
Please call the Office of Human Resources if you have questions regarding Holiday Club participation.