The Vacation Club is our way of helping you save for that special occasion. While members are only allowed one of these accounts, it may be opened during any month of the calendar year. There is a $10.00 minimum deposit to open the account, and a one time withdrawal restriction, which closes the account. The balance of the account must be withdrawn and the account closed by the end of each calendar year. Once closed, it may not be reopened until the next calendar year. There is no fee charged to open this account and no minimum balance. Dividends are paid at the time of withdrawal after reaching a balance of $100.00.