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update

For this year only the withdrawal period has been extended to 1st March 2020

Christmas Club accounts - withdrawal period extended

Christmas savings accounts are designed to help members save money for the holiday shopping, without having to use everyday money or available credit.

Locking down the account outside of the Christmas period is a measure designed to create a safe space that's dedicated to saving money just for the holiday season. As a result, for our members that have a Christmas Club account withdrawals are made available only from 1 November to 31 January each year.

Due to the merger with Endeavour Mutual Bank, and subsequent alignment of products, for this year only as an exceptional measure to assist Endeavour members ease into the transition to the account restrictions, the withdrawal period has been extended to 1st March 2020 for both Sydney Mutual Bank and Endeavour Mutual Bank members.

The Christmas Club account has no account keeping fees and the competitive 0.30% interest rate on the balance remains unchanged. For more details about the Christmas Club account please click here.

If you have any questions, please visit any of our branches or call our friendly staff on 13 16 91 (Mon - Fri: 8am - 7pm, Saturday: 8.30am - 11.30am).