Christmas can be a particularly stressful time of year for your finances. From buying gifts for loved ones to catering for parties or a Christmas lunch, the costs can quickly add up over the festive season. To help relieve the strain on your bank account over Christmas, Bank First offers the Christmas Club Account. It offers a competitive interest rate to help you save, and it’s easy to set up a regular deposit or to organise salary crediting to boost your savings balance.
Bank First Christmas Club Account
![Bank First Christmas Club Account](https://www.finder.com.au/global/images/providers/bank-first-logo1-140px.png)
- Maximum variable rate
- 3.35% p.a.
- Base interest rate
- 3.35%p.a.
Our verdict
Take some of the financial stress out of the festive season with a Christmas Club Account from Bank First.
But the best part is that you can’t access your savings until the first business day in November. So no matter how tempted you are to blow your savings on other purchases throughout the year, your money will still be sitting in your account when the festive spending season begins.
Pros
-
Earn flat rate of interest rate regardless of how much you deposit each month.
-
$0 account-keeping fees
Cons
-
No access to savings until November
-
One withdrawal per quarter
Details
Key details
Product Name | Bank First Christmas Club Account |
Maximum Variable Rate | 3.35% p.a. |
Standard Variable Rate | 3.35% p.a. |
Monthly Account Fee | $0 |
Minimum Opening Deposit | $0 |
Minimum Age | 18 |
Your reviews
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Alison Finder
Editor
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