Border Bank Christmas Club

Finance your Christmas spending with a hybrid savings account and term deposit from Border Bank.

The Border Bank Christmas Club savings account can secure your holiday budget so you can have more money Christmas spending. This purpose savings account from Border Bank has the features of a high interest savings account and a term deposit. Earn a competitive rate of interest and avoid temptation to make withdrawals, you’ll incur a fee if you withdraw your funds before the 1st of November.

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0.4% p.a.

Maximum variable rate


Base interest rate

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Product NameBorder Bank Christmas Club
Maximum Variable Rate0.4% p.a.
Standard Variable Rate0.40%
Monthly Account Fee$0
Minimum Opening Deposit$0

Key features

Save for Christmas

The Christmas Club savings account designed to help you save specifically for Christmas. This savings account is similar to a term deposit, your money is held by Border Bank until the account maturity date. This savings account gives the greatest benefit when you apply right after the Christmas holidays so you have a full year to save.


Earn a flat rate of interest on your Christmas Club balance. This savings account rewards you with 0.4% p.a. on your deposit. Interest is calculated daily and paid annually when the savings account matures on the 31st of October. There is no minimum balance or minimum monthly deposit requirement to earn the full rate of interest.

How to apply

You can apply for the Border Bank Christmas Club savings account online by visiting their website. You need to provide your contact information to submit an application for the Border Bank Christmas Club. The application can be completed in under 10 minutes.

Documentation needed

  • Contact information. Enter your name, residential address, preferred contact number, email address and date of birth. Also select a time for Border Bank to contact you about your application for the Christmas Club account.
  • Tax File Number. You're asked to give your Tax File Number (TFN) to Border Bank. If you don't provide this information, your interest earnings will be taxed at the margin tax rate. The marginal tax rate is the highest personal income tax rate. Provide your tax file number to Border Bank so you can earn the most interest on your Christmas savings.

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