Beyond Bank Christmas Club Savings Account

Beyond Bank Christmas Club Savings Account

Maximum Variable Rate


Standard Variable Rate


Make everyone on your lists Christmas wishes come true by saving your dollars starting in January.

  • No monthly account keeping fee
  • Competitive interest rate
  • Restricted access to your money to help you save

Product details

Christmas shopping bills add up quickly, but with the money already set aside, you won’t feel it. The Christmas Club Account from Beyond Bank enables you to begin saving at the start of the year in order to cover those expenses at the end of it. Your savings also earn a competitive interest rate throughout the year, giving you a bit of extra cash for one more stocking stuffer.

Product Name
Beyond Bank Christmas Club Savings Account
Maximum Variable Rate
0.75% p.a.
Standard Variable Rate
0.75% p.a.
Bonus Variable Rate
0.00% p.a.
Monthly Fee
Minimum Opening Deposit
Minimum monthly deposit for bonus interest rate
Internet Banking
Phone Banking
Minimum Age Requirement

What are the features of the Beyond Bank Christmas Club Savings Account?

When looking into Christmas savings accounts that are offered by various Australian financial institutions, compare the features to find the account that will benefit your Christmas shopping needs the most:

  • Monthly account keeping fees. Your Christmas Club Savings Account with Beyond Bank does not incur any monthly fees.
  • Accessibility. You can make transfers, deposits and withdrawals with this account at a branch, online, over the phone and at Bank@Post locations.
  • Transaction fees. You are not charged for making deposits into the account or electronic credits. For transfers and withdrawals from your savings you will be charged $4 per transaction. That fee is waived starting on 1 November through 31 of January.
  • Interest rates. A competitive interest rate is applied to your entire daily balance and paid into the account on 31 October.
  • Mobile app. Beyond Bank expands their online banking system to a mobile app available for both Android and iOS mobile devices. When you download this app you can access your account through your smartphone, getting up to date balance and transaction information.


  • Stay in control of your finances during Christmas
  • Earn a competitive interest rate
  • No monthly account keeping fees


  • Penalties apply if you want to withdraw outside of Nov and Jan

How do I apply for the Beyond Bank Christmas Club Savings Account?

If you are already a Beyond Bank customer you can open a Christmas Club Savings Account through their online banking system. New members are able to access the secure application page by clicking on “Go to Site”. Before being redirected to the online application, check to make sure that you are eligible to open this account:

  • Minimum age. You must be at least 18 years of age to open this account online. Younger applicants should either call or visit their local branch in order to complete an application.
  • Residency requirements. Beyond Bank requires that all account holders be Australian residents with an Australian residential and postal address. Overseas residents living in Australia will have to contact Beyond Bank for further instruction on how to complete the application.
  • Depository requirements. Beyond Bank will not ask for you to make an initial deposit when opening a Christmas Club Savings Account.

As you complete the application you are going to be asked to provide information that can be found on the following documentation:

  • Tax file number. Although you will be asked for your tax file number (TFN) or exemption code, it is not mandatory that you provide it. This is used by Beyond Bank to ensure that the correct amount of withholding tax is being deducted from your interest earnings. If they do not have this information they are required to deduct tax at the highest marginal rate.
  • Identification. Information found on your driver’s licence, passport or Medicare card can be used to help verify your identity. In some cases a new customer may need to visit a Beyond Bank branch in order to complete this portion of the application.

Your Christmas Club Savings Account will become active once your application has been submitted and approved by the financial institution. You will then be provided with the necessary information to set up transfers into the account so that you can begin readying your finances for the holiday season.

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