Christmas Savings Account Australia

Save and have money to spend at christmas with a christmas club account featuring a minimum opening balance of 1 and limited access your money.

Christmas savings account australia.

A christmas savings account is an account at a financial institution where the money deposited earns an interest rate. With limited withdrawals throughout the year and a direct credit facility available the christmas club account helps you stay on track with your savings for the festive season. Yes members can access their christmas savings account anytime during the calendar year but outside of the access period of 1 november 31 january members will be charged a 5 fee per withdrawal. Apply locate a branch call 13 11 82.

Don t get caught short at christmas time again. Established in 1880 imb has been helping people achieve their financial goals for 140 years. Usually the account is linked to a primary transaction or cheque account so that the user can easily transfer money between the accounts. It is a secure place to store money while receiving a return.

The account is opened after the start of the new year and you earn interest on. While the rates offered by christmas savings accounts aren t high they are a far better alternative than overloading your credit card. At ascend their christmas club account isn t that different from their traditional savings account. With a community first christmas savings account you ll be pleasantly surprised how much extra you could have to spend at christmas.

Why choose imb bank. It lets you save for christmas regularly throughout the year and stops you dipping in to your savings before the christmas season arrives. A christmas savings account is a specialised product that is structured to limit your access until the holidays. Imb offers a full range of banking solutions including home and personal lending savings and transaction accounts term deposits business banking and can arrange financial planning insurance and travel products.

Choosing between a special christmas account and a higher paying savings account probably will come down to deciding how much willpower you have to dip into your money before the tinsel goes up.