Christmas Savings Account Australia

Usually the account is linked to a primary transaction or cheque account so that the user can easily transfer money between the accounts.

Christmas savings account australia.

A christmas savings account is an account at a financial institution where the money deposited earns an interest rate. 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. It lets you save for christmas regularly throughout the year and stops you dipping in to your savings before the christmas season arrives. Apply locate a branch call 13 11 82.

The christmas club account is designed to help you save money for when you need it most. Why choose imb bank. Established in 1880 imb has been helping people achieve their financial goals for 140 years. 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.

It is a secure place to store money while receiving a return. With a community first christmas savings account you ll be pleasantly surprised how much extra you could have to spend at christmas. 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. 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. Don t get caught short at christmas time again. A christmas savings account is a specialised product that is structured to limit your access until the holidays. Visit our covid 19 help page for ways we can help you and the latest information.

Our christmas club account has no minimum opening deposit it earns a monthly dividend.