Secondary Account
In addition to the share account, you can also have a secondary share under the same account. And yes, receive the compounding dividend just like a regular share account.

 

Club accounts provide a separate savings plan for members who wish to earmark savings for a special purpose, such as holiday purchases, wedding expenses, or a vacation. Since funds remain separate from other deposit accounts members are less tempted to use the funds for other purposes throughout the year. This account earns dividends and records all transaction on a quarterly statement.

 

For Holiday Club accounts the entire balance will be paid by transfer to another account on or after October 1 and the account will remain open. For Vacation Club accounts the entire balance will be paid by transfer to another account on or after May 1. Club accounts may be charged a withdrawal or transfer fee of $10.00 for each withdrawal or transfer prior to the maturity date.