If you’re planning to do a lot of toy or baby shopping this holiday season the Toys “R” Us Christmas Saver’s Club can help your money go a little further.
It’s sort of like the Sears Christmas Club.
You can sign up at any check-out lane at Toys “R” Us or Toys “R” Us Express stores.
You’ll receive a special gift card that you can add money to any time you wish, at any Toys “R” Us cash register, now through Oct. 16, 2010.
The store will add 3% to the final total on your card and you can start spending the balance on Oct. 31.
The most you can put into the club is $2,500 for a maximum bonus of $75.
If you put the money in after Sept. 25 and spend it by Dec. 25, then you’d earn an annualized rate of something like 12%.
Where are you going to find another deal like that?
While the card doesn’t have an expiration date, the longer you hold onto it, the lower your effective return will be because you’re only paid one bonus.
One final thing.
Although you can only open or add to your account at Toys “R” Us or Toys “R” Us Express stores, you can spend the money at Babies “R” Us, toysrus.com and babiesrus.com.