Christmas Savings Accounts | Save Money for Christmas - BestFind

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Christmas Savings Accounts

for $5,000 over 1 year
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Macquarie Credit Union's Christmas Savings Account offers a base interest rates of 0.50% where interest is paid Monthly

Overview

Standard base interest rate 0.50%

Maximum rate 0.50%

Bonus rate 0.00%

Bonus expiry period n/a

Bonus minimum deposit n/a

Bonus maximum deposit n/a

Bonus foregone by withdrawl n/a

Maximum interest per month (approx)$2.08

Total interest over term (approx)$24.96

Interest calculated Daily

Minimum opening deposit $0.00

Interest paid Monthly

Linked accounts required n/a

Account fee $0.00

GO TO Macquarie Credit Union

Miscellaneous

Joint access n/a

Online application Yes

Minimum age 18

GO TO Macquarie Credit Union

Features

ATM access Yes

EFTPOS facility Yes

BPAY Yes

Internet facility Yes

Phone facility Yes

Cheque facility Yes

Branch access Yes

Salary direct credit facility n/a

GO TO Macquarie Credit Union

Other

SponsoredNo

Data accurate as of24/03/2016

GO TO Macquarie Credit Union

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Bendigo Bank's Christmas Club Savings offers a base interest rates of 0.25% where interest is paid Monthly

Overview

Standard base interest rate 0.25%

Maximum rate 0.25%

Bonus rate 0.00%

Bonus expiry period n/a

Bonus minimum deposit n/a

Bonus maximum deposit n/a

Bonus foregone by withdrawl n/a

Maximum interest per month (approx)$1.04

Total interest over term (approx)$12.48

Interest calculated Daily

Minimum opening deposit $1.00

Interest paid Monthly

Linked accounts required n/a

Account fee $0.00

GO TO Bendigo Bank

Miscellaneous

Joint access n/a

Online application Yes

Minimum age 18

GO TO Bendigo Bank

Features

ATM access Yes

EFTPOS facility Yes

BPAY Yes

Internet facility Yes

Phone facility Yes

Cheque facility Yes

Branch access Yes

Salary direct credit facility n/a

GO TO Bendigo Bank

Other

SponsoredNo

Data accurate as of24/03/2016

GO TO Bendigo Bank

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G&C Mutual Bank's Christmas Account offers a base interest rates of 0.25% where interest is paid Monthly

Overview

Standard base interest rate 0.25%

Maximum rate 0.25%

Bonus rate 0.00%

Bonus expiry period n/a

Bonus minimum deposit n/a

Bonus maximum deposit n/a

Bonus foregone by withdrawl n/a

Maximum interest per month (approx)$1.04

Total interest over term (approx)$12.48

Interest calculated

Minimum opening deposit $1.00

Interest paid Monthly

Linked accounts required n/a

Account fee $0.00

GO TO G&C Mutual Bank

Miscellaneous

Joint access n/a

Online application Yes

Minimum age 18

GO TO G&C Mutual Bank

Features

ATM access Yes

EFTPOS facility Yes

BPAY Yes

Internet facility Yes

Phone facility Yes

Cheque facility Yes

Branch access No

Salary direct credit facility n/a

GO TO G&C Mutual Bank

Other

SponsoredNo

Data accurate as of24/03/2016

GO TO G&C Mutual Bank

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Queenslanders Credit Union's Christmas Club Account offers a base interest rates of 0.25% where interest is paid Monthly

Overview

Standard base interest rate 0.25%

Maximum rate 0.25%

Bonus rate 0.00%

Bonus expiry period n/a

Bonus minimum deposit n/a

Bonus maximum deposit n/a

Bonus foregone by withdrawl n/a

Maximum interest per month (approx)$1.04

Total interest over term (approx)$12.48

Interest calculated Daily

Minimum opening deposit $0.00

Interest paid Monthly

Linked accounts required Yes

Account fee $0.00

GO TO Queenslanders Credit Union

Miscellaneous

Joint access n/a

Online application Yes

Minimum age 18

GO TO Queenslanders Credit Union

Features

ATM access Yes

EFTPOS facility Yes

BPAY Yes

Internet facility Yes

Phone facility Yes

Cheque facility Yes

Branch access Yes

Salary direct credit facility n/a

GO TO Queenslanders Credit Union

Other

SponsoredNo

Data accurate as of24/03/2016

GO TO Queenslanders Credit Union

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MOVE- People Driven Banking 's Budget Saver offers a base interest rates of 0.0001 where interest is paid Monthly

Overview

Standard base interest rate 0.01%

Maximum rate 0.10%

Bonus rate n/a

Bonus expiry period n/a

Bonus minimum deposit n/a

Bonus maximum deposit n/a

Bonus foregone by withdrawl n/a

Maximum interest per month (approx)$0.42

Total interest over term (approx)$5.04

Interest calculated Monthly

Minimum opening deposit $0.00

Interest paid Monthly

Linked accounts required No

Account fee $0.00

GO TO MOVE- People Driven Banking

Miscellaneous

Joint access Yes

Online application Yes

Minimum age n/a

GO TO MOVE- People Driven Banking

Features

ATM access Yes

EFTPOS facility Yes

BPAY Yes

Internet facility Yes

Phone facility Yes

Cheque facility Yes

Branch access Yes

Salary direct credit facility Yes

GO TO MOVE- People Driven Banking

Other

SponsoredNo

Data accurate as of5/02/2018

GO TO MOVE- People Driven Banking

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Tips to compare Christmas savings accounts

Overview

A Christmas savings account is an account at a financial institution where the money deposited earns an interest rate. It is a secure place to store money while receiving a return. Usually, the account is linked to a primary transaction or cheque account, so that the user can easily transfer money between the accounts. Some Christmas savings accounts have debit card access. The interest for your account is usually calculated monthly.

Pros of a Christmas savings account:

  • Christmas savings accounts are a safe investment
  • Christmas savings accounts are covered under the Government Guarantee
  • Christmas savings accounts are liquid and generally, you can withdraw your funds at any time

Cons of a Christmas savings account:

  • Christmas savings accounts typically require you not to spend your money to avoid, voiding your interest earnings

What is the interest rate on a Christmas savings account?

Interest rates vary between less than 1% to just over 3%, depending on the type of Christmas savings account you get.

What’s the difference between a honeymoon and base interest rate?

A honeymoon or bonus interest rate is a promotional interest rate given to new customers to entice them to open a bank savings account, which is significantly higher than its standard base rate. These rates generally only last for three to six months before reverting to a lower, base interest rate.

A base interest rate is the standard interest rate that you will see after the honeymoon period is over (where applicable).

Compare and review Australia Christmas savings accounts

How to apply for a Christmas savings account?

If you’d like to apply online for a Christmas savings account, just scroll up and click on “GO TO SITE” to be taken to a secure online application form. Before you apply, be sure to learn about company’s savings account products, fees and eligibility criteria.

Give yourself around 20 minutes to complete the savings account application.

You will also need:

  • an Australian residential address
  • an Australian home address
  • Your company name and ABN or ACN
  • Accepted ID such as drivers licence and passport
  • For some savings accounts you will also need a linked transaction account
  • For some savings accounts you will need to deposit a minimum amount
  • Foreign tax residents will require a foreign tax number

Who can apply for a Christmas savings account?

  • You must be an Australian resident with an Australian residential and mailing address
  • You must be at least 18 years or over

High interest savings account calculator

Want to calculate how much you could potentially earn with your Christmas savings account? Just use the filter to change your deposit amounts to calculate approximate earnings. Your potential earnings are calculated and displayed in the table.

Other benefits included with Christmas savings accounts

Below is a list of features and benefits offered by online. Note, the below features are not available with all accounts. Review the above product table to see which accounts offer which features:

  • Internet banking
  • Phone bank
  • ATM access
  • EFTPOS facility
  • Branch access
  • $0 account keeping fees

Want to get the most of your savings? Read our savings tips for Australians.