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Q. |
What is Christmas Club? |
A. |
It is a one year savings account designed to help you save in advance towards your Christmas Expenses. Our Christmas Club is ideal for you to save towards your Christmas expenses.
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How Does It Work? |
A. |
- Deposit a minimum of $200 weekly from December through to November of the next year.
- The plan will mature on the 30th of November each year at which point, you can access all your savings along with a Bonus Interest from your Credit Union.
Conditions
- If one payment is missed it has to be deposited along with the next payment that becomes due
- If you choose to discontinue your savings before November, interest will only be paid on the amount deposited at the time the account lapsed.
- You must open a Share Account with this Credit Union.
- Must present a valid picture identification at the point of withdrawal.
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