Christmas Club Account
Don’t get caught short at Christmas time again. The Christmas Club Account is designed to help you save money for when you need it most. With limited withdrawals throughout the year and a direct credit facility available, the Christmas Club Account helps you stay on track with your savings for the festive season.
Restricted
withdrawals
No minimum
balance
Competitive
interest rate
Overview
The Christmas Club Account has a number of features:
- No account keeping fees
- No minimum balance to get your savings started
- Competitive interest rate
- Interest calculated monthly and paid annually on 31 October
- Withdrawals available between 1 November and 31 January each year
- Direct credit facility available to help build your savings
- 24/7 access to your account with Internet and Mobile Banking
- Over the counter access
Rates & Fees
Here’s a breakdown of the rates and fees for the Christmas Club Account:
- Interest Rate: 0.25%
- Monthly account keeping fee: $0
Download Fees and Charges Schedule
Questions
Here are the most common questions we get about our Christmas Club Account. Have a different question? Call us on 1300 13 23 28 to speak
to a consultant.
How is the interest calculated?
Interest is calculated monthly and is paid into your account on 31 October in a lump sum, to give your Christmas savings a boost.
When can I access my money?
You can make withdrawals from your account between 1 November and 31 January each year.
Can I access my money outside 1 November and 31 January?
The Christmas Club Account has restricted withdrawals to help you save. If you need to access your money outside of the access period, you can do so, however fees and charges apply.
What’s the best way to accumulate my savings?
The Christmas Club Account has a direct credit facility available. That means you can set up regular payments to go straight to your account.
Is there a minimum monthly balance required?
No, there is no minimum monthly balance required on the Christmas Club Account.
Use the arrows to scroll through the many Australian Military Bank Savings Accounts options RESET
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No minimum balance and a competitive interest rate0.25% p.a.$0DailyMonthlyNoN/A$500,000N/AN/ADirect Credit only
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Bonus rate for balances over $5,000* when no withdrawals are madeUp to 1.10% p.a.$0DailyMonthlyNo.
Conditions apply*N/A$500,000N/AN/ADirect credit only -
Specifically designed for self-managed super funds1.00% p.a.$0DailyMonthlyNoN/AN/AN/AN/AYes
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Restricted withdrawals throughout the year to help you save0.25% p.a.$0Minimum monthly balanceAnnually 31 OctoberWithdrawals available only between 1 November and 31 January each yearN/AN/AN/AN/ADirect credit only
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Competitive interest paid on a tiered basis with unlimited withdrawalsUp to 0.25% p.a.$0DailyQuarterlyNo$5,000N/A$500$1,000Direct Credit only
-
Rewards program to encourage positive saving habits0.25% p.a.$0DailyQuarterlyNoN/AN/AN/AN/ADirect Credit only
*The bonus interest rate is applicable to the full account balance when you maintain a balance between $5,000 and $500,000 and don’t make any withdrawals during the month.
Rates are current as at 1 October 2020 and are subject to change at Australian Military Bank’s discretion.
The advice and information on this site doesn’t take into account your personal objectives, financial situation or needs, which you should consider before acting on any of our recommendations. To decide if this product is right for you, please carefully review our Terms and Conditions and Schedule of Fees and Charges.
*The bonus interest rate is applicable to the full account balance when you maintain a balance between $5,000 and $500,000 and don’t make any withdrawals during the month.
Rates are current as at 1 October 2020 and are subject to change at Australian Military Bank’s discretion.
The advice and information on this site doesn’t take into account your personal objectives, financial situation or needs, which you should consider before acting on any of our recommendations. To decide if this product is right for you, please carefully review our Terms and Conditions and Schedule of Fees and Charges.