Deposits | Christmas Promise Account

The Christmas account is designed for members to save for a specific purpose such as Christmas expenses, holiday & school fees.

Purpose	To encourage medium to long term savings for a particular purpose.
Interest Rate	Tiered
Suitable for	Members with a savings goal eg Funds to cover Christmas expenses and holidays
Benefits	Savings not reduced by monthly fees
	Easy budgeting
	Deter member’s withdrawing funds
	The higher the balance the higher interest rate applicable.

Features NO Account Keeping Fee's Payroll deduction Restricted Access 01 Nov – 31 Jan Tiered interest rate

Access to funds Phone and Internet banking* Branches *only for internal account transfers

Fees:

Refer to Fees, Charges and Transaction Limits schedule for current details.

Access between the period of 01 Feb – 31 Oct will incur an early withdrawal fee