Christmas has come early for thousands of Northern Community Bank account holders, who have saved an incredible £950,000 for the festive season this year!
It’s another record-breaking year for our Christmas Savings Account, with 4,095 account holders putting money aside throughout 2026 to help cover the cost of Christmas.
This year’s total represents a fantastic 25% increase on the £760,000 saved in 2025, with an additional £190,000 tucked away for the festive season.
And it’s not just the amount saved that’s growing. The number of people using our Christmas Savings Account has also increased, rising from approximately 3,500 last year to 4,095 in 2026.
Small Savings, Big Achievements
With an average of £232 saved per account holder, these figures show just how much of a difference saving a little throughout the year can make.
Whether it’s putting aside a few pounds each week or saving whenever there’s a little extra money available, every contribution helps build towards Christmas.
For some, those savings might go towards presents for loved ones. For others, they could help cover the cost of Christmas dinner, festive activities or other seasonal expenses.
Whatever our account holders have planned, having money already set aside gives them more choice over how they spend it.
A Decade of Christmas Savings Success
Our Christmas Savings Account has achieved something truly special: 10 years of growth, with more money saved every single year!
Back in 2016, our account holders saved a combined £116,000 for Christmas. It was a fantastic achievement, but little did we know just how much those savings would grow over the next decade!
By 2020, that figure had almost doubled to £230,000, and in 2023, we celebrated reaching over half a million pounds in Christmas Savings for the very first time.
Fast forward to 2026, and our account holders have saved an incredible £950,000. That’s £834,000 more than in 2016, and over eight times the amount saved just ten years ago!
And the best part? Our account holders have continued to save more and more each Christmas!
It’s wonderful to see how our Christmas Savings Account has grown alongside the communities we serve, helping more people plan ahead and put a little aside for the festive season.
Helping Our Communities Prepare for Christmas
Our Christmas Savings Account was originally introduced following feedback from account holders who wanted a simple way to put money aside throughout the year without being tempted to dip into their savings early.
Unlike traditional Christmas voucher schemes, the money saved belongs to our account holders, giving them the freedom to spend it wherever they choose.
And it’s clear that this approach continues to make a difference.
In our previous Christmas Savings survey, 96% of respondents gave the account a five-star rating, highlighting just how valued the account is by those who use it.
Whether it’s saving for presents, Christmas dinner or spending time with family and friends, having money already set aside can help make those festive expenses more manageable.
How Does the Christmas Savings Account Work?
Our Christmas Savings Account is designed to help people prepare for the festive season throughout the year. Account holders can save as much or as little as they like, with their money safely tucked away until November.
Savings can then be withdrawn between 1 November and 31 December, just in time for Christmas shopping and festive preparations. There’s no need to commit to a fixed monthly amount, making it a flexible option for people who want to save at their own pace.
Thank You to Our Christmas Savers!
Reaching £950,000 is an incredible milestone, but the real achievement belongs to our 4,095 Christmas savers. Every pound saved represents someone taking a positive step towards preparing for the festive season, and we’re delighted to help make that possible.
A huge thank you to everyone who has saved with us this year. We hope your savings help make Christmas 2026 a special one!
Ready to Start Saving for Christmas 2027?
It might seem early to start thinking about next Christmas, but spreading the cost across the year can make a real difference. Whether you’re saving for presents, food, family activities or simply want some extra money available when December arrives, our Christmas Savings Account could help you get started.
Learn more about our Christmas Savings Account and start putting a little aside for Christmas 2027.
