Farmers and Merchants Bank's Christmas Club Savings accounts is a special account used to set aside money for holiday time needs. Customers receive by mail the principal and accrued interest each November in time for the Holidays. To help keep the savings resolution, no withdrawals are allowed from this account at any other time than November. With the Coupon Christmas Club Savings: one makes deposits directly to the Christmas Club Savings using convenient coupons at their convenience. Customers receive by mail the principal and accrued interest each November in time for the Holidays and to help keep the savings resolution, no withdrawals are allowed from this account at any other time than November.