Save for Christmas with your Credit Union Christmas Savings Account!

Spread the cost of Christmas by saving regularly into an account where the funds become available from 1st November each year.

How does it work?

If you're a Moneyworks payroll partner, the Christmas Savings Account makes it simple to spread the cost of the festive season. The money goes out of your salary and straight into your savings account, where the funds become available from 1st November each year. 

Just save weekly, fortnightly, or monthly, and when Christmas rolls around, you'll have funds ready for gifts, festive treats, and nights out!

Features of the Christmas account include:

• Savings deposited regularly throughout the year
• Savings can be withdrawn between 1st November and 31st December each year. To encourage savers to avoid dipping into Christmas savings, a £5 charge is made for all withdrawals requested outside of these dates
• Savings up to £85,000 are protected by the Financial Services Compensation Scheme (FSCS).

What are the benefits?

• No hefty credit card bills in January—plan ahead and spend smart.

• Covered by the Financial Services Compensation Scheme (FSCS) for your peace of mind unlike hamper schemes.

• The money goes out of your salary and straight into your savings account and is locked till Christmas.

To find out more, visit:

Cardiff & Vale Credit Union Website

More about Moneyworks Wales

Moneyworks Wales is a collaboration between the country’s leading financial cooperatives. They are a group of credit unions committed to improving the financial wellbeing of Welsh workers, with ethical savings and loans direct from salary.

For more information, visit their website.

More about Cardiff & Vale Credit Union

Cardiff & Vale Credit Union are an award-winning credit union, operating for 30 years. They are a financial services co-operative that exists for the benefit of our members who have at least one of the following features in common:

• living in Wales
• working anywhere in Wales
• working for one of our payroll savings & loans scheme employer partners

For more information, visit their website.