christmas savings accounts (bank/building soc not credit union)

anna42hmr

does any one know who else do christmas savings accounts (i know of skipton, chorley and i think manchester build society used to do them)

just wondering, as i have skiptons for this xmas just wondering though if there are any other companies i should check as well before signing up with one of the 3 i know of

martinman3

I know that Monmouthshire BS do one but the rate isn't as good as Skipton.
http://www.monbs.com/content.php?nID=331

edindie

Any regular saver opened 12 months before christmas?

anna42hmr

thanks will have a look at the monmouthshire one.

Baldur

Not a specific Christmas saver but Dunfermline BS 'blurb' says:

Why not use this account as a Christmas saver or holiday saver?

This Moneywise article quotes the Moneyfacts head of savings:

“For people looking to cut the cost of Christmas, I would suggest they look beyond these ‘special’ accounts,” she says. “They are essentially regular savings accounts but with lower rates and the same, if not more restrictions.”

laehc

Slightly off-topic but I saw a tip somewhere, maybe on this site, about using a loophole in some supermarket schemes. This involved putting money in just before spending it, and might involve buying stamps to stick on a card. The title was something like "Make 5% in a day". If it's on this site I expect it's a decent tip, otherwise anyone finding it will have to make their own mind up.

Baldur

laehc wrote: »

Slightly off-topic but I saw a tip somewhere, maybe on this site, about using a loophole in some supermarket schemes. This involved putting money in just before spending it, and might involve buying stamps to stick on a card. The title was something like "Make 5% in a day". If it's on this site I expect it's a decent tip, otherwise anyone finding it will have to make their own mind up.

http://www.moneysavingexpert.com/savings/extra-christmas-cash

anna42hmr

thanks will have a look at that tip seems a good idea!

anna42hmr

looks like skipton have opened theirs now (3.2%) from their website:

Watch your savings sparkle next Christmas

Start preparing for next Christmas now with a Skipton Building Society Christmas Saver Account.
Whether it's for your Christmas dinner, presents for the grandchildren or a gift for that special someone, money is often an issue at Christmas. With Skipton's Christmas Saver Account, you can save each month and know your money is working hard, and is safe and secure until it's time to go shopping.
Simply open your account online today

• Easy access before Christmas gives you plenty of time to organise your perfect celebration.
• You can open your account with as little as £10, up to a maximum of £250
• You can pay in between £10 and £250 each month, whatever amount suits you
• Make as many payments in as you like, providing they meet the minimum and maximum monthly amount requirements.
• For your convenience you can make payments in by cash, cheque or standing order.
• Your money stays invested until 25 November 2010 to ensure you get the most out of your savings.
• Access your money from 25 November 2010 when interest has been capitalised and transferred automatically into our easy access account.
• Security and peace of mind when you need it most.

AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and added each year.

anna42hmr

dont forget for those that opened a skipton xmas saver last year, its due to mature the end of next week.

i am wondering if they have decided not to do one for next xmas as you can usually open them from the last week of october/first week of november and nothing as yet on their site??

also looks like yorkshire building society will be doing another one as i have had a letter from them confirming that the one i opened last year is due to mature on 1st december and to speak to the branch about the new one on maturity

alanq

Saffron BS's Christmas Regular Saver pays out capital and interest in Love 2 Shop shopping vouchers!
http://www.saffronbs.co.uk/savings/display.product.php?categoryID=1&category=general&productID=g5