If you are someone who loves to travel, then you may have heard of vacation club accounts. These accounts can provide you with a way to save money for your travels and enjoy some added benefits while you are on the go.
But, what banks offer vacation club accounts? Let’s take a closer look.
What is a Vacation Club Account?
A vacation club account is a type of savings account that is specifically designed for those who love to travel. With this type of account, you can set aside money specifically for your vacations and trips. In addition, many vacation club accounts come with added perks such as discounted travel rates, exclusive access to travel deals, and more.
Benefits of Vacation Club Accounts
There are several benefits to having a vacation club account. Some of the most notable include:
- Savings: By setting aside money in a dedicated account, you can save up for your travels more efficiently.
- Budgeting: Having a specific account for your trips can help you stay on budget when planning your travels.
- Perks: Many banks offer added perks such as discounted travel rates or exclusive access to travel deals when you have a vacation club account.
Banks that Offer Vacation Club Accounts
While not every bank offers vacation club accounts, there are several that do. Some of the most popular options include:
1. Bank of America
Bank of America offers its customers the option to open a “Travel Rewards Savings Account”. This account comes with added perks such as no foreign transaction fees, discounts on car rentals and hotels, and more.
2. Wells Fargo
Wells Fargo offers a “Way2Save Vacation” savings account. This account allows you to set up automatic transfers to your vacation savings account, making it easy to save up for your next trip.
3. Capital One
Capital One offers a “360 Performance Savings” account that can be used as a vacation club account. This account comes with competitive interest rates and no monthly fees.
Conclusion
If you are someone who loves to travel, then a vacation club account could be the perfect tool for you. By setting aside money specifically for your travels, you can save more efficiently and enjoy added perks such as discounted travel rates or exclusive access to travel deals. Be sure to check with your bank to see if they offer vacation club accounts and what benefits they come with!