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Savings Christmas savings

Christmas Savings

This account is available to all members aged over 16. It can be operated alongside an Instant Access Savings Account and is ideal if you want to save a regular sum to help towards the costs of Christmas.

How it works:

  • Open with minimum £1
  • Start at any time in the year
  • Straightforward deposit methods
  • Eligible for annual dividend
  • Save up to £20,000, or £40,000 in a joint account (note this is across all your Somerset Savings and Loans accounts)

Ways to deposit into your savings:

  • Regular weekly, fortnightly, 4-weekly or monthly Direct Debit. Call us to arrange this
  • Payroll deduction if your employer allows this
  • Standing Order. Once you join we can send you a Standing Order form.
  • One-off BACS transfers (e.g via online banking)
  • Debit card (up to a limit of £100)
  • PayPoint at a Post Office or retail outlet
  • By cheque. Send to our Portishead office or take into our Information Station office

Withdrawing your money:

  • Savings are transferred to your Instant Access Savings Account on November 1st and can be withdrawn at that point to your nominated bank account
  • We can offer a pre-paid Visa card onto which your savings are loaded if you prefer not to have them paid into your bank account

How to open an account:

  • Join the credit union first
  • Download a Christmas Savers application form below, print and send to us in our Portishead office. We will open you an account and contact you in order to arrange a savings schedule. Alternatively we can open you an account by phone on 01275 390650.

Click to DownloadDownload Christmas Saver Application Form (389.8kb)

Call us:
  • Tel.
  • 01275 390650
Opening Hours
  • Mon - Fri
  • 9.30am - 4.30pm
Visit us:
  • Thu
  • 9.30am - 12.30pm / 1.30pm - 4.30pm
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Somerset Savings & Loans is authorised by the Prudential Regulation Authority & regulated by the Financial Conduct Authority & the Prudential
Regulation Authority. FCA & PRA FRN: 230768