Special Purpose Accounts

Christmas Club

Our Christmas Club account prepares you for the next holiday and festive period and helps you avoid the post season debt trap.

  • Save with a budget plan that works!

    To avoid temptation, the Christmas Club account has a locked in clause. However, if you do wish to make a withdrawal from the account during the locked-in period, you will incur a fee.

  • Maximum Interest

    Interest is calculated on the daily closing balance and paid annually on the 31st October.

  • Ready funds when you need it!

    Your funds become available from 1 November1. You can have the funds transferred to another Bank of Heritage Isle account or retain the funds in your Christmas Club account.

  • Contributes to Reduced Fees Program

    Simply maintain a combined monthly balance of $5000 or more worth of savings, investments or loans and you will receive more fee free ATM and EFTPOS transactions as well as qualify for fee rebates.