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Christmas may be the most magical time of year but it can also be the most expensive. To help take the financial stress out of the festive season, you can open a Christmas Club Account with AWA Alliance Bank. This special-purpose savings account allows you to put money aside throughout the year and earn 0.05% p.a. interest on your balance.
0.05% p.a.
Maximum variable rate
0.05%p.a.
Base interest rate
$0
Minimum deposit
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Product Name | AWA Alliance Bank Christmas Club Account |
---|---|
Maximum Variable Rate | 0.05% p.a. |
Standard Variable Rate | 0.05% p.a. |
Monthly Account Fee | $0 |
Minimum Opening Deposit | $0 |
Review by
Alison Banney is the banking and investments editor at Finder. She has written about finance for more than 8 years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.
You can only withdraw funds from the account between 1 November and 31 January each year which remove any temptation to dip into your savings and spend all your money before the holidays arrive.