Hume Bank Christmas Club Account

Hume Bank Christmas Club Account

Maximum Variable Rate

0.50

Standard Variable Rate

0.50

Earn 0.50% interest on your balance, with the money accessible at Christmas time.

  • No monthly fee
  • Internet and phone banking
  • Access to balance only between 1 November and 31 January

Product details

Christmas time can be expensive. This account helps meet the demands of the holiday season by locking your money away and allowing it to gain interest, with you only able to access it between 1st November and 31st January. There are no account keeping fees, so your balance can be completely devoted to your Christmas savings.

Interest on your balance is calculated daily and paid annually on 31 October before your Christmas spending begins, just when you need it most!

Product Name
Hume Bank Christmas Club Account
Maximum Variable Rate
0.50% p.a.
Standard Variable Rate
0.50% p.a.
Bonus Variable Rate
0.00% p.a.
Monthly Fee
$0
Minimum Opening Deposit
$1
Minimum monthly deposit for bonus interest rate
$0
Internet Banking
Yes
Phone Banking
Yes
No monthly access fees eating away at your savings.

Pros

  • No monthly fee
  • Internet and phone banking
  • Forces you to save for Christmas expenses
  • Interest calculated daily

Cons

  • No access between February and October
  • If you're not a member of Hume Bank, you can only apply in branch

If you're already a member of Hume Bank you can apply online for this account. If you are not a member, you will need to visit a local branch with ID such as a drivers licence or passport in order to apply for this account.

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