CHRISTMAS TERMS & CONDITIONS
Christmas Savers Terms & Conditions
- Regular contributions can be made through bank transfer and payroll deduction if your employer is one of our employee partners.
- Savings accrued in your Christmas Savings Account will be available for withdrawal each from the 1st of October till the 31st of December.
- No withdrawals from the Christmas Savings Account will be permitted over the course of the year other than the dates stated above. Should you choose to close your account during the year prior to October, the full balance of your account will be paid out and no dividend (or equivalent interest payment) will be paid
- Subject to the credit union being able to offer a dividend in a financial year this will be added on the savings accrued. Your dividend payment is based on your daily account balance over the course of the year and is added to your account on an annual basis.
- Your Christmas Savings Account will continue on an annual basis until you advise us otherwise.
- Should you cancel your membership of the Credit Union prior to the annual payout date, the funds in your Christmas Savings Account will be paid out as part of our standard procedures. In this circumstance, no dividend (or equivalent interest payment) will be payable on your Christmas Savings Account.
- Savings can be paid out into the bank or building society account nominated at the time of account opening, if you wish to change these details please advise us in writing prior to requesting the withdrawal
.jpg)
Authorised by the Prudential Regulation Authority and Regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Registration Number 213934. Mutual Society Number: 389C. Companies House Registration Number IP00389C. Registered in England and Wales.