Get the Finder app 🥳

Connect your accounts & save

BankVIC Christmas Club S4

Last updated:  

Boost your Christmas savings with an account that ups your balance each month through interest earnings.

BankVic structures its Christmas Club account with more flexibility than many other options, giving you access to your funds without being penalised. This account can be opened at any time of the year and earns a competitive rate of interest on the full balance. This interest is compounded, which means you can grow your Christmas savings by earning interest on your interest before the holiday season comes around.

0.1% p.a.

Maximum variable rate

0.1% p.a.

Base interest rate


Product NameBankVic Christmas Club S4 Savings Account
Maximum Variable Rate0.1% p.a.
Standard Variable Rate0.10%
Bonus Variable Rate0.00%
Monthly Account Fee$0
Minimum Opening Deposit$0
Minimum Age18

Key features

$0 Monthly account keeping fees

There are no maintenance or account keeping fees for the BankVic Christmas Club account.

Membership application and fee

In order to access the Christmas Club or any other BankVic savings account, you must become a member of the mutual bank. Membership is limited to Australians who work or are related to someone who works in the emergency service industry. This includes police officers, emergency service providers, health care workers and other public service officers. You may also be accepted for membership if you live within five kilometres of a BankVic branch or if an existing member refers you.

If your membership application is accepted, you will be required to purchase 10 shares from the mutual bank at $1 each. This totals $10.

How to apply

If you are not already a member of the BankVic credit union, you will need to complete an online application for membership before you can open this account. Existing members can find the application online for the Christmas Club S4 account. You also need to meet the following eligibility requirements:


Some eligibility requirements will have to be met first, including:

  • Minimum age. Membership is exclusive to Australians who have reached the age of 18 or older.
  • Residency requirement. You must be an Australian resident or citizen to be considered for this account.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • 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

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 Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site