Posted November 2015 by NZCU Baywide
Many of our members won't have to rely on borrowing or credit cards this Christmas.
Over the year approximately 3,000 members have been saving into their Christmas saver accounts resulting in a combined total of over $2.4 million. Between the 1st November and 31st January members are able to access their funds free of charge. Members save throughout the year, whatever amount they can afford to put aside each week. The account is difficult to access, with fees charged for early withdrawals, meaning they are more likely to stay on track and be rewarded by their good habits at the end of the year.
The Christmas/New Year period is traditionally an expensive time of the year, with presents, food, holidays and the start of the school year all potentially causing a bit of stress. The Christmas saver account ensures our members can spend time with their family and enjoy the festive season stress-free.