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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.
1.00% p.a.
Maximum variable rate
1%p.a.
Base interest rate
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Product Name | Bank First Christmas Club Account |
---|---|
Maximum Variable Rate | 1.00% p.a. |
Standard Variable Rate | 1.00% p.a. |
Monthly Account Fee | $0 |
Minimum Opening Deposit | $0 |
Minimum Age | 18 |
Review by
Alison Banney is the banking and superannuation 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.
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.