AWA Alliance Bank Christmas Club Account

Reduce the stress and financial pressure of the festive season with a Christmas Club Account from AWA Alliance Bank.

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.

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0.05% p.a.

Maximum variable rate


Base interest rate


Minimum deposit

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Product NameAWA Alliance Bank Christmas Club Account
Maximum Variable Rate0.05% p.a.
Standard Variable Rate0.05% 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.

Expert review

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.

Key features

Interest rate of 0.05%

The AWA Alliance Bank Christmas Club Account pays a variable interest rate of 0.05% p.a. on your account balance. Note this is a variable rate and can change at any time according to the official cash rate.

Interest calculated daily

Interest is calculated on your daily balance and credited to your account on November 30 each year.

Launch savings calculator

How to apply

If you think the AWA Alliance Bank Christmas Club Account could be the perfect account to help you reduce the financial stress of the holiday season, click one of the "Apply now" links on this page. This will securely redirect you to the AWA Alliance Bank website where you can read full details about the account and find more information on how to apply.

Application options

  • In person. Visit your nearest AWA Alliance Bank for personalised, face-to-face advice about how to open a Christmas Club Account. There are branches in Geelong and Portland in Victoria, or Mandurah in Western Australia.
  • Online. Complete an online enquiry form with your full name, phone number and email address, preferred contact time and information about your account needs.

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