Christmas Account.

A short-term savings account that gives you extra incentive to save for end-of-year expenses.

Interest up to


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Don’t wait, open an account online.

Our Christmas savings account is here to help our customers reach their goals in time for the end of the year. There's a minimum of $1 needed to kick-start your savings goal with a limit of one per membership permitted.  You'll need a transaction account to do any of your regular banking such as paying your bills.

Already bank with us?

It’s simple, apply through Internet Banking with your existing details. Can’t remember? No problem, just call us and we’ll help get you started.

Your Everyday account may have different fees and charges please refer to our Fees and Charges. Other transaction fees and charges may apply, please refer to our Fees and Charges.

New to Illawarra Credit Union?

Have your Documents to prove your identity (POI) handy.

Get started.

Hit ‘apply now’ to complete the application form, we’ll complete your ID check & get you started with your new account.

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Rates & fees.

Christmas Account

Balance Interest Rate
$0 – $29,999 0.65% p.a.
$30,000 + 0.00% p.a.

Interest & fees.

Interest is paid yearly on the closing tier balance credited 31 October before the penalty free period, which is between 1 November to 31 January.

Early withdrawal fee of $5.00 will be charged when you make a withdrawal from your Christmas account outside of the free period of the 1st of November to 31st January.

Refer to our Fees and Charges, Summary of Accounts & Availability of Access Facilities, and our rates and fees for more information.

What makes it so great?

Always on.

24/7 access with e-statements, internet banking & our moneytree app – banking from your phone or tablet.

Fatten up your savings.

Earn interest on the amount you save.

$0 account keeping fees.

No monthly account keeping fees & no minimum monthly deposits.

Government Guarantee.

The Australian Government guarantees aggregated deposits with Australian authorised deposit-taking institutions, including Illawarra Credit Union, of up to $A250,000.

The Financial Claims Scheme (FCS) is an Australian Government scheme that was established during the 2008 global financial crisis to provide financial protection for consumers in the unlikely event of a failure of a bank, credit union, building society or general insurer.

The FCS provides protection for depositors of banks, credit unions and building societies that are incorporated in Australia (also known as authorised deposit-taking institutions or ADIs), for deposits up to $250,000 per account holder per ADI. The scheme aims to return deposits to account holders within seven days of activation of the FCS.

The FCS can be activated by the Australian Government in the unlikely event that an ADI or general insurer fails.

Once activated, the FCS will be administered by APRA.

The objectives of the FCS are to:

  • protect depositors of ADIs, and claimants of general insurers, from potential loss in the unlikely event of the failure of these institutions;
  • provide depositors with prompt access to their deposits that are protected under the FCS; and
  • support the stability of the Australian financial system.

Further information about the Government Guarantee can be obtained from the APRA website at

We're here for you.

Sometimes you just need to reach out to find what's the best fit for you. No worries! We're here to support you with whatever you need.

Our opening hours

Our contact centre is open Monday-Friday 9am-5pm (AEDT)

Give us a call

Ways to bank

Looking for ways you can bank with the Illawarra Credit Union?

Ways to bank

Are you a First Home Buyer?

With as little as 5% deposit, eligible first home buyers have the opportunity to purchase a property through the First Home Guarantee (FHBG).

Find out more

Important notes

Illawarra Credit Union Limited is the product issuer of the deposit and payment products. Any advice given is of a general nature only and does not take into consideration your objectives, financial situation or needs. Please consider the appropriateness of the advice before acting. Refer to the Account and Access Facility Conditions of Use and the Fees and Charges for more details. Fees and charges are payable. Terms and conditions apply and are available on request. BPAY® registered to BPAY Pty Ltd ABN 69 079 137 518.

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Already a customer?

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New customer?

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