Christmas Savings

Spread the cost of Christmas by saving throughout the year in to a Christmas Savings account. Your money is locked away until the start of November when the Christmas Savings accounts are opened for you to spend.

Just imagine having no money worries at Christmas and no nasty bills in the New Year! Open an account and start saving today.

How it Works

Want to know how our Christmas Savings account works, then take a look below;

• It's available to both new and existing members.
• Save throughout the year, as often as you like and watch your savings grow.
• You can pay in via cash, standing order, bank transfer or through our Payroll Savings scheme.
• Your savings can be withdrawn between 1st November & 31st December each year.
• Any savings left in your account after 31st December are locked back in your account for next Christmas.
• All your savings (up to £85,000) are safe and secure, protected by the FSCS (Financial Services Compensation Scheme).

What To Do Next

If you are already a member with Newport Credit Union and want to open a Christmas Savings account, then simply download our Christmas Savings Agreement Form, fill it out and return it to us. Alternatively pop in branch and chat to us, it will only take a minute.

Not yet a member with Newport Credit Union? Then you'll need to join first, in branch or online. You can then setup your Christmas Savings account (as detailed above).

Remember, when your withdraw your Christmas Savings you receive actual money, rather than the vouchers which other Christmas clubs offer.