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Product focus: Christmas savings accounts

Product focus: Christmas savings accounts

Category: Savings

Updated: 22/12/2010
First Published: 22/12/2010

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Christmas 2011 may still appear a long way off, but if you want to spread the cost of next Christmas then why not opt for a regular savings account.

While there are many accounts on the market, many require you to save for at least one year.

However, there are accounts specifically aimed at those saving for Christmas, which mature in November next year giving you plenty of time to get your Christmas shopping done.

Chorley & District Building Society – Santa Saver

The Santa Saver from Chorley & District BS pays a fixed rate of 4.00%. Savers can invest between £1 and £150 a month and contributions can be amended within these limits. The account can be operated in branch or by post and matures on 25 November 2011. On maturity the money is transferred to a nominated account.

Yorkshire Building Society – Christmas Saver 2011

Yorkshire Building Society's Christmas Saver pays a fixed rate of 3.50%. Savers have the option of investing money regularly and/or making a lump sum investment up to £1,200. The account matures on 30 November 2011 and can be operated in branch or by post. The account is also available through Barnsley Building Society and Chelsea Building Society.

Marsden Building Society – Christmas Saver (Issue 3)

The Christmas Saver account from Marsden Building Society pays a fixed rate of 3.25%. Savers can invest between £10 and £250 a month and contributions can be amended within these limits. Savers must hold or open an instant access account with the provider, so that the money can be transferred to the account on maturity. Earlier access to funds is available on account closure only. The account matures on 30 November 2011 and is branch operated.

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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