People's Choice Credit Union Christmas Savings Account

People's Choice Credit Union Christmas Savings Account

Maximum Variable Rate


Standard Variable Rate


Sort out your Christmas spending ahead of time, while earning more interest on the money you've saved.

  • Free access from 1 November to 31 January
  • No monthly fees
  • No minimum deposit required
  • Earn interest on your holiday spending money

Product details

The People’s Choice Credit Union Christmas Savings Account is a convenient way to ensure that the holiday season doesn’t break your budget. Access to funds is restricted until Christmas time, making it easier to simultaneously grow the account balance and prepare for Christmas, all while earning interest.

Have a stress free Christmas by taking care of your budget first.

Product Name
People's Choice Credit Union Christmas Savings Account
Maximum Variable Rate
1.00% p.a.
Standard Variable Rate
1.00% p.a.
Bonus Variable Rate
0.00% p.a.
Monthly Fee
Minimum Opening Deposit
Minimum monthly deposit for bonus interest rate
Internet Banking
Internet Transaction Fee
Phone Banking
Phone Transaction Fee
Joint application?
Minimum Age Requirement
Maximum Age Requirement
No Maximum Age
Covered by Government Guarantee?
Yes (Up to $250,000 per person, per institution)

What are the features of the People’s Choice Credit Union Christmas Savings Account?

A Christmas Savings Account gives you a new way of making sure that your holiday funds are taken care of, without affecting your everyday finances. Compare the features the People’s Choice Credit Union account is offering against savings plans from other financial institutions, and find the one that works for your holiday spending.

$0 Monthly fees

With the Christmas Savings Account you will not be charged any monthly or maintenance fees.

How is my interest calculated?

This is an interest earning account. Interest is calculated on the balance everyday and paid into the account on the 31st of October.

Accessible online or at a local branch

You can make deposits either online or at a local branch.

Withdrawal restrictions to help you save money for Christmas

From the 1st of February until the 1st of November, all withdrawals from this account will carry a $5 fee

Free seasonal account access

Get two free branch and agency withdrawals and two free direct debits in November, December and January, with $3.00 and $1.25 respective transaction fees after the limit is reached.

Direct credit

You can make regular payments into your account using direct credit of all or a partial amount of your salary.

No minimum balance or opening deposit

There is no minimum balance or opening deposit requirement, making it easy to open an account in preparation for the holiday period.


There's no maximum age limit, and children as young as 13 can open an account to manage their own Christmas money with less temptation.

Credit union membership

In order to open an account with People’s Choice Credit Union, you must first become a member. Compare other People's Choice Credit Union accounts here.

Launch savings calculator


  • Unlimited free deposits
  • Unlimited free BPAY payments, phone and internet banking from 1 November to 31 January
  • $0 minimum deposit required
  • $0 monthly service fee


  • Unlimited access from 1 November to 31 January only
  • Fee applies to all withdrawals outside access period

How do I apply for the People’s Choice Credit Union Christmas Saving Account?

People’s Choice Credit Union makes it even easier to make holiday dreams come true by allowing you to apply for the Christmas Savings Account online. Before visiting the People's Choice website and filling out the application, check that you meet the eligibility requirements.

Eligibility requirements

  • Minimum age. Applicants will have to be at least 13 years old to open the Christmas Savings Account.
  • Residency requirements. Individuals in Australia with a valid work visa are eligible to apply as well as permanent residents and citizens.
  • Depository requirement. People’s Choice Credit Union does not require that you make a minimum deposit when opening the account.

Also make sure that you have the right documentation available.

Documents needed

  • Tax file number. Provide your tax file number (TFN) to make sure you aren't overcharged for tax on interest earned.
  • Identification. People’s Choice Credit Union needs to confirm your identity with a driver’s licence, Australian passport or similar. Temporary residents will need to provide Medibank Private health insurance information or a visa and foreign passport.
  • Member id. Becoming a member of the People’s Choice Credit Union is required before you can apply for this account. Applications can be found on the People's Choice website. Joining costs $2, and is open to all Australian residents.

What happens after my application is submitted?

After your application has been submitted, you will be contacted by People’s Choice Credit Union with your account details. If they require more information before creating the account you may be asked to provide it.

Back to top Back to top Back to top

Ask an Expert

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