In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Heritage Bank Christmas Club

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Updated
Heritage Bank Christmas Club
Maximum variable rate
2.00% p.a.
Base interest rate
2%p.a.

Summary

Save your money all year long and be prepared to have Christmas all wrapped up with no dent in your everyday money.

Heritage Bank offers members a convenient way to be well prepared for the financial hit that the Christmas season can bring. By putting away some money each month during the year, you can have enough saved by the holidays to make everyone’s Christmas wishes come true. This is also an interest earning account, giving you a bit more at the end of the terms for the wrapping paper and bows.

Pros

  • No monthly fee
  • Interest calculated daily
  • Access available between 1 Nov - 31 Jan

Cons

  • Terms quite inflexible if funds are required for an emergency

In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question

Details

Key details

Product Name Heritage Bank Christmas Club
Maximum Variable Rate 2.00% p.a.
Standard Variable Rate 2.00% p.a.
Monthly Account Fee $0
Minimum Opening Deposit $10
Minimum Age 18

Key features

Monthly fees

You will not be charged a monthly account keeping fee with the Heritage Bank Christmas Club account.

Minimum balance requirement

In order for the account to remain active you must be able to maintain a minimum balance of one dollar.

How to apply

Eligibility

Heritage Bank is a credit union, requiring that before you use any of their products you first pay $1 for your share and apply for membership. This can be done at the same time online. Before proceeding however, check first to make sure that you qualify for this account:

  • Minimum age. While there is no minimum age stipulation made for the Christmas Club account, new members will need to be at least 18 years of age to apply online.
  • Residency requirements. You must be an Australian permanent resident or citizen with an Australian residential address to apply for this account.

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ING Savings Accelerator ($150,000 - $500,000)
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Macquarie Savings Account
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Maximum Variable Rate p.a.
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Suncorp Bank Growth Saver Account
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Newcastle Permanent Smart Saver Account
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ING Savings Maximiser
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Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
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IMB Reward Saver Account
IMB logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
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4 months
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Rabobank PremiumSaver
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Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
1.45%
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St.George Incentive Saver
St.George Bank logo
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
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 Extra 0.10% p.a. for 3 months for new customers who apply online, with balances under $250,000.
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Showing 12 of 12 results
Sources
  1. Heritage Bank Christmas Club information page
  2. Heritage Bank Christmas Club TMD

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Alison Finder

Editor

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Letitia

October 30, 2016

When are the checks from this account mailed out.


Avatar

May Finder

October 31, 2016

Hi Letitia,


Thanks for your inquiry. Please note that you’ve come through to finder.com.au, not actually Heritage Bank.


If you wish to know when you can receive the checks from the bank, please contact Heritage Bank directly.


Cheers,

May


Avatar

Alison Banney

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full profile

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