Christmas may be over, but it’s never too early to start thinking about a Christmas savings account.
The tree’s down, the diet’s in full swing, and you’re safe from Wham ‘Last Christmas’ for at least another 300 days.
It won’t be long before those jingle bells are ringing once again though. Which means it won’t be long before your financial alarm bells are sounding either.
We all know Christmas is the most wonderful (expensive) time of year. So, why do so many of us leave it until November before even thinking about the cost?
Putting away money throughout the year can spread the financial burden of the festive season, leaving us to do what we do best come December – relax, watch Christmas films and eat mince pies.
So, we know it’s only January, but we wanted to give you one of your presents extra early this year; the Northern Community Bank Christmas savings account.
What is a Northern Community Bank Christmas savings account?
Northern Community Bank’s Christmas Club allows you to save throughout the year, with withdrawals only possible during November and December.
The Christmas savings account was designed to meet the needs of account holders who told Northern Community Bank that they wanted to save ahead of the expensive festive period but found it hard when other unexpected bills appeared.
And, without blowing our own trumpet too loudly, it’s been a resounding success. In fact, more than 1,500 account holders have now opened a Christmas Club savings account, with deposits totalling £340,000.
This is what one happy saver had to say: “Thank you so much. It has saved my Christmas, and peace of mind for next year, by opening a savings account. It’s easy, affordable payments, with friendly staff who talk you through everything. It’s brilliant.”
Saving just £3 per week means you will have more than £150 to spend at Christmas. Up that to £15 a week, and you could have £750 saved. That’s a lot of mince pies.And unlike other Christmas savings schemes, there are no restrictions on where to shop, so you can spend your money wherever you wish. You can also join at any point in the year.
Your money is safe with Northern Community Bank
Northern Community Bank is part of the Financial Services Compensation Scheme, which protects your deposits up to £85,000.
On top of this, all Northern Community Bank savings are covered by free life insurance, so that in the event of your untimely death your shares would be given, with the insurance amount, to your nominated person.
If you have any questions or would like to talk through any of Northern Community Bank’s other services, please don’t hesitate to contact us on 01282 691333. Our friendly and experienced staff are always on hand to help with any queries.
