In this guide

  • Review
  • Details
    • Key details
  • Key features
  • How to apply
  • Compare other savings accounts
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.

Heritage Bank Christmas Club

  • Alison Banney's headshot

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.

Compare other savings accounts

1 - 12 of 189
Updated regularly
Name Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro/Ongoing Government Guarantee Monthly Max Rate Conditions
Newcastle Permanent Smart Saver Account - Under 25s
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
  • No more than 2 withdrawals
Go to siteView details
 An easy way for young savers to earn a solid interest rate without jumping through too many hoops.
Ubank High Interest Save Account
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $500
  • Savings up to $100,000
Go to siteView details
Newcastle Permanent Smart Saver Account - Under 25s
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
0.05%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Grow balance
  • No more than 2 withdrawals
Go to siteView details
ING Savings Maximiser
Finder Award
Maximum Variable Rate p.a.
5.50%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $1,000
  • 5 transactions
  • Grow your balance
  • Balances up to $100,000
Go to siteView details
 Get $50 cashback when you open an Orange Everyday and a Savings Maximiser account and make 5 settled transactions. T&Cs apply
Newcastle Permanent Online Savings Account
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
1.00%
Intro/Ongoing
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
ING Savings Accelerator ($150,000 - $500,000)
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
4.70%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Welcome rate applies up to $500K
Go to siteView details
Macquarie Savings Account
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
4.75%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Balances up to $250,000
Go to siteView details
ME HomeME Savings Account
Maximum Variable Rate p.a.
5.55%
Standard Variable Rate p.a.
0.55%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $2000
  • Grow balance
  • Balances up to $100,000
Go to siteView details
IMB Reward Saver Account
Maximum Variable Rate p.a.
5.25%
Standard Variable Rate p.a.
0.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • Deposit $50
  • No withdrawals
  • Balances up to $1,000,000
Go to siteView details
 Earn up to 3.25% p.a. after the introductory period ends.
BCU Bonus Saver
Maximum Variable Rate p.a.
5.00%
Standard Variable Rate p.a.
1.00%
Intro/Ongoing
4 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
Westpac Life (18-29 year olds only)
Maximum Variable Rate p.a.
5.20%
Standard Variable Rate p.a.
2.00%
Intro/Ongoing
Ongoing
Government Guarantee
Monthly Max Rate Conditions
  • Make a deposit
  • Grow your balance
  • 5 debit card purchases
  • Balances up to $30,000
Go to siteView details
St.George Maxi Saver
Maximum Variable Rate p.a.
5.35%
Standard Variable Rate p.a.
1.10%
Intro/Ongoing
3 months
Government Guarantee
Monthly Max Rate Conditions
  • N/A
Go to siteView details
 Max Variable Rate includes 0.35% p.a. for 3 months for new customers who apply online
loading
Showing 12 of 13 results
Sources
  1. Heritage Bank Christmas Club information page
  2. Heritage Bank Christmas Club TMD

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

Avatar

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

More resources on Finder
Banking
Investments
Banks
Go to site