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Christmas Club Saver

Saving for Santa has never been easier with our Christmas Club Saver. Open an account today.

Interest rate

2.00% p.a.,1


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.

Old-school service

Our friendly and helpful team is always available to give you a hand in the branch or over the phone.

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

Amount ($)Interest
Up to $10,0002.00% p.a.,1
Over $10,000 0.00% p.a.,1
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.

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.

When you come into the branch, we’ll set up your savings account and help you get started.

From January to October access is restricted from your Christmas Club Saver account (although you can access funds anytime if you really need to). Withdrawals instead are available in the lead up and during Christmas in November and December.

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 savings account, book an appointment with our friendly team or visit us in branch.