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.
