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<p>[QUOTE=&quot;Hommer, post: 8126515, member: 73266&quot;]As I remember them, they had to be opened in the first few weeks after Thanksgiving for the following year. The banks near me had a $500 Club account and a $1000. You started by depositing $10 or $20 depending upon the account you chose, then the bank would give you a coupon book, much like an installment loan coupon book, in which you used to deposit the same amount every week. The account collected interest and after 50 weeks were deposited, the bank would issue a check for the $500 or $1000 plus interest a couple of weeks before Christmas. If you didn&#039;t keep up your deposits fully, you only got what you actually deposited, no interest.[/QUOTE]</p><p><br /></p>

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