Key Features
Save for Christmas throughout the year and enjoy access between 1st November and 31st December.
Earn higher interest under $10k
Save for Christmas faster with 2% interest on balances under $10,000 and interest paid in October each year.
A convenient way to save
Set up regular payments that align with your pay and only access the money when it's really needed just before Christmas time.
Savings lock-up
Your money will be securely set aside and unavailable until 1st November, ensuring it's all ready and waiting for you when Christmas comes around.
Flexibility if you need it
You'll have full access to your savings from 1st November to 31st December. Outside this period, you can make one free withdrawal per year if needed due to financial hardship (subject to approval).
Competitive fees
$0 monthly account keeping fees.
Rates & Fees
Most of our banking is free. Where we need to make a charge, we keep these to an absolute minimum.
Interest rates on balances
| Fee | Amount |
|---|---|
| Monthly Fee | $0 |
For more information about our fees and charges click here
How to apply
Pop into the branch and our friendly staff will be ready to assist you.
1. Apply in branch
Just bring in 1 form of identification that can include Driver’s Licence, Passport or Birth Certificate.
2. Set up your savings account
We’ll activate your Christmas Club Saver and take you through how to log in whilst you’re in the branch.
Savings account FAQs
Who is Cairns Bank?
Cairns Bank is the trading name of Cairns Penny Savings & Loans Ltd. We’ve been supporting the Cairns community with their banking needs for over 125 years.
We take pride in our personal approach to banking. Getting to know our customers and delivering simple products and services is what we’re all about.
And as a customer owned bank we make decisions based on our customers’ needs, rather than the needs of shareholders.
Is my money safe with Cairns Bank?
Yes. Money placed in a savings account with Cairns Bank is protected by the Australian Government’s Financial Claims Scheme (FCS).
The scheme protects deposits up to $250,000 per person, per financial institution.
How do I set up my Christmas Club Saver account?
When you come into the branch, we’ll set up your savings account and help you get started.
Can I make a withdrawal from my Christmas Club Saver account?
You’ll have full access to your savings from 1st November to 31st December. Outside this period, you can make one free withdrawal per year if needed due to financial hardship (subject to approval).
To encourage continued saving, any additional withdrawals outside the Christmas window (except for one approved hardship withdrawal) will incur a $10 fee per transaction.
How does the interest work on the Christmas Club Saver?
You will receive the 2.00% interest rate on balances up to $10,000. Interest is paid in October each year.
Open a savings account today
To find out more or to open a Christmas Club account, book an appointment with our friendly team or visit us in branch.
