Christmas Savings Account
Your credit union is pleased to announce that we are launching a Christmas Savings Account to help members to plan ahead for Christmas 2010 and beyond. At a time when there are additional financial pressures on all members, this account can help members to plan for the expected and unexpected financial outgoings we all experience, particularly around the festive season.
Details of this account:
• Lodge money to this account through payroll deduction, by direct debit, cash payments or have
your children’s allowance payments directed to this account.
• This account will be separate from all other credit union accounts you may hold.
• The account will attract a variable interest rate of 1%.
• Funds can be withdrawn at any time, but we encourage members not to do so until the “payout date” on 9th November 2010; on that date all funds held in the member’s account will be forwarded to them by cheque or by electronic funds transfer.
• Your Christmas Savings Account will not be closed following the “payout date” and you can continue to save for the following Christmas!
We are launching this account on 7th December 2009. Application forms will be available from the credit union office from that date.