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During this time, you will be unable to access Internet Banking and the Mobile App. Card and ATM transactions may also be impacted. We apologise for any inconvenience.
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Christmas Saver Account

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  • Christmas Saver Account

Spread your Christmas savings over the whole year.

Interest is calculated on daily balance and is credited to the account on the 15th of November each year.

These funds are then transferred to your nominated Transactions Account, and you can withdraw the funds from that account at any time.

Deposits are accepted for any amount, and can be deposited as frequently as you wish.

1.10 % p.a.

Features & benefits

  • Competitive interest rate

    We help you save for Christmas ahead of time, so you can relax into the festive season

  • Safe and secure

    Combined balances of up to $250,000 per account holder are guaranteed and secured by the Australian Government.

  • Flexibility

    Deposit as little or as often as you like, with interest earned on any deposit $1 and over

Product Features:

Savings & Transaction Account Features
Minimum opening balance : $1
Internet External Transactions : $500
Internet International Transactions : $2500
ATM : n/a
Funds available at call : Yes
Branch Access : Yes
VISA Card : No
Internet Banking : Yes
Direct Entry Credits : Yes
Direct Entry Debits : No
Periodical Payments : No
Quick Debits : Yes
Payroll Allocation : Yes
Interest Calculation : Daily Balance
Interest Method : Flat Rate
Interest Payment Frequency : 15 November
Christmas Saver Account  Interest rate 
$1 and over  1.10% p.a.
Feature Benefit
In branch withdrawals  $4 
Electronic withdrawals Free

Saving's now as easy as spending.

Explore our Savings and Term Deposit accounts - they work hard so you don’t have to.

Bank & save calculators

Wondering how much you can borrow? Or what you repayments will be each month? Our bank & save calculators can crunch the numbers for you.

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  • 1 Balance disbursed in November, or available using Internet Banking 15 November to 31 December. Variable Interest. Calculated on Daily Balance. Interest paid annually. Refer to Conditions of Use for full details.
  • 2 A higher limit is available by application for members who have registered to receive SMS One Time Passwords.
  • 3 Funds will be disbursed by 15 November annually. You may nominate one of the following annual disbursal instructions. Transfer funds into another GMCU account; or retain funds in the Christmas Saver (S4), and withdraw the funds using Internet Banking until 31 December. If you do not nominate an annual disbursal instruction, your funds will be retained in the Christmas Saver (S4).
  • 4 Funds transfer is only available between 15 November and 31 December

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We acknowledge the Traditional Owners of the lands on which we operate and pay our respects to Elders past and present, and to emerging community leaders. We also acknowledge the important role Aboriginal and Torres Strait Islander peoples continue to play within the communities in which GMCU operates and where our team members reside.