Start Your Christmas Club

Our Christmas club is one of our most popular savings accounts.

It’s easy to set up today and make next Christmas a whole lot easier in the pocket.

Limited Offer - Bonus of up to 5.95% AER. T&Cs apply

EST. 2001

TRUSTED

SAFE

PERSONAL

Talk to real people based in the UK with no big call centre

4.8 stars on Google reviews and verified by Trust Index

Protected by the Financial Services Compensation Scheme

We have been helping people build savings since 2001

A Smarter Way to Christmas

If you pay for Christmas on a credit card or store card you could end up paying loads in interest charges. Take the worry out of Christmas expenses by saving now for next year.

A Christmas is a smart way to save and helps you plan for a debt-free festive period.

The countdown is on

Christmas is coming

Counting down every day, hour, minute and second until 25 December.

000 Days
00 Hours
00 Minutes
00 Seconds
Merry Christmas!

It’s a whole lot easier to save in advance.

Build your Christmas Club Savings

Calculator

See how much you could save before your payout on 1st November.

£
£5 £100

Only enter a promotional code if you have been given one.

Your estimated 1st November payout

£0.00
Applicable interest rate 3.95% AER

This calculator provides an estimate only. Payments are calculated from your selected start month through to October, including your October payment. Interest is calculated as your balance builds and is not applied to the full final balance for the entire savings period.

Takes the worry out of Christmas shopping

No restrictions on where to spend your money

Spend how you want without being tied down to vouchers

Easy to set up and make deposits

Pays out on 1st November

Guaranteed return with no risk

Your Christmas club savings are guaranteed against loss.

*The Financial Services Compensation Scheme. Deposits are protected for up to £120,000. The £120,000 limit relates to the combined amount in all the eligible depositors´ accounts.

Open your Christmas Club

FAQ

  • We want to help people save. Why not? Saving feels good. It gives you breathing space. It builds resilience. And when life throws one of those out of the blue expenses at you, you are ready for it instead of stressed by it.

    To make it even more worthwhile, we offer a competitive bonus. That bonus is designed to reward regular saving of up to £60 per month. You are welcome to save more if you like, but the bonus applies to a maximum of £720 saved over the year.

    The account runs to 30th October each year, and your bonus is paid into the account within 10 days of maturity. It is simple. Build the habit, grow your buffer, and get rewarded for it.

  • We want this account to be fair, sustainable and genuinely useful.

    We are offering a great bonus rate because we want to encourage people to save with us, but there is a bigger purpose behind it.

    Savings held with us help us support local people and community organisations through things like fee free Community Group Accounts, budgeting accounts and fair, low rate loans.

    So yes, we want to reward savers, but we are also honest about what this account is designed for.

    It is not designed for people who simply want to place a large amount of money wherever the highest rate happens to be that week. There is nothing wrong with doing that, but that is not really what we are here for.

    This account is for people who want a good return on their savings and also like the idea that their money is helping to support community banking.

    The £600 bonus limit helps us keep the rate attractive, fair and affordable, while making sure the benefit reaches regular savers rather than just large balance savers.

    In simple terms, you get a strong return, your savings help us do good locally, and we keep the account sustainable for everyone.

  • We love people who are quietly building a saving habit, bit by bit, month by month. That’s what really makes a difference. It is not about swooping in with a big lump sum just because a shiny new rate pops up.

    If you save with us, you are doing more than earning a good return. You’re backing a not-for-profit way of doing things and helping money circulate in the community. You still get a great rate, but you also get to feel good about where your money lives and what it supports.

  • This is an instant access saver. We are not here to tie you up in rules that stop you getting to your own money when you need it. Life does not work like that, so your savings should not either.

    You can pay in by monthly direct debit from just £5 per month, making it easy to build the habit. .

    If you need your money, you can make one withdrawal per weekday, and it will normally be in your bank account by 4.30 pm the same day. Simple, flexible, and built around real life.

  • Your deposits are Zero risk. We have been around since 2001, so this is not new to us. Over the years, thousands of members have chosen to bank with us because they like the idea of not for profit finance that puts people first.

    We are authorised and regulated by the Financial Conduct Authority, firm reference number 213757, and by the Prudential Regulation Authority. Your money is protected by the Financial Services Compensation Scheme up to £120,000 per individual. So you get the feel good factor of community focused banking, with the reassurance and protection you would expect.

Open your Christmas Club

Important information

Terms and conditions

Please read the Christmas Club Bonus Saver terms before applying.

1. About the offer

1.1 The Christmas Club Bonus Saver is a limited promotional savings offer provided by Wessex Community Bank.

1.2 The offer allows eligible members to receive an annual bonus on qualifying Christmas Club savings.

1.3 We may withdraw the offer from new applications at any time and without prior notice.

1.4 Withdrawal of the offer from new applications will not normally affect a member who has already been accepted for the current Christmas Club year, provided they continue to meet these terms.

1.5 The offer is made for the current Christmas Club year only. There is no guarantee that it will be renewed or offered on the same terms in future years.

2. Eligibility

2.1 You must be aged 18 or over and eligible to hold an account with Wessex Community Bank.

2.2 The offer is not available to anyone who:

  • has overdue payments or arrears with us;
  • has an unpaid or written-off debt with us;
  • has an unauthorised overdrawn balance with us; or
  • is otherwise recorded as a debtor to Wessex Community Bank.

2.3 Having a loan that is being repaid in accordance with its agreed terms will not, by itself, make you ineligible.

2.4 You must remain eligible until the bonus is paid. We may withhold the bonus if you have overdue debts, arrears or an unauthorised overdrawn balance at the payout date.

3. Monthly savings

3.1 You may save between £5 and £100 in each calendar month.

3.2 The bonus applies only to the first £60 paid into the account in each calendar month.

3.3 Any amount paid in above £60 during a calendar month will be added to your savings but will not earn a bonus.

3.4 The £60 monthly limit applies to the total of all payments made during that calendar month, regardless of the number of individual payments.

3.5 Savings are calculated from your selected starting month through to October, including any qualifying payment made in October.

3.6 Where saving starts in November or December, the savings period will run through to October of the following year.

4. Bonus rates

4.1 The standard promotional bonus rate for this account is 3.95% AER.

4.2 An enhanced promotional bonus rate of 5.95% AER is available where a valid promotional code issued by Wessex Community Bank is entered when using the online savings calculator or applying for the account.

4.3 Promotional codes are issued solely at the discretion of Wessex Community Bank and may be withdrawn, amended or expire at any time.

4.4 The enhanced promotional rate will only apply where a valid promotional code is accepted. If an invalid, expired or incorrect code is entered, the standard promotional bonus rate will apply.

4.5 Wessex Community Bank reserves the right to refuse, withdraw or remove the enhanced promotional rate where a promotional code has been used incorrectly, fraudulently or contrary to these terms and conditions.

4.6 Both the standard and enhanced promotional rates apply only to the first £60 saved in each calendar month. Any amount above £60 earns a bonus rate of 0%.

5. How the bonus is calculated

5.1 The payment is a promotional savings bonus and not a conventional interest payment.

5.2 The advertised AER shows the annual equivalent value of the bonus and allows the return to be compared with other savings products.

5.3 The bonus is calculated only on qualifying savings of up to £60 paid in during each calendar month.

5.4 The calculation takes account of when payments are received and how long the qualifying money is held in the account. It is not calculated by applying the annual rate to the full final balance for the entire year.

5.5 Money paid in above the £60 monthly qualifying limit receives a bonus rate of 0%.

5.6 Amounts withdrawn before the payout date will only qualify for a bonus for the period during which they were held in the account.

5.7 The bonus will normally be added to the account on 1 November or, where this is not a working day, as soon as reasonably practicable afterwards.

5.8 The account must remain open and eligible at the payout date for the bonus to be paid.

6. Changes and withdrawal of the offer

6.1 We may stop accepting new applications at any time and without prior notice.

6.2 We may amend or end the offer where reasonably necessary because of:

  • a change in law or regulation;
  • a requirement imposed by a regulator;
  • fraud, misuse or abuse of the offer;
  • a material error in the published terms or calculation; or
  • circumstances outside our reasonable control.

6.3 Where reasonably possible, we will give affected members advance notice of a material change.

6.4 We will not reduce a bonus already earned by an eligible member merely because the offer is subsequently withdrawn from new applicants.

6.5 We are not required to renew the offer after the current Christmas Club year.

7. Savings calculator

7.1 Any savings calculator provided by us is for illustration only.

7.2 Calculator results are estimates and may differ from the actual payout because of:

  • the date on which each payment is received;
  • missed, delayed or additional payments;
  • withdrawals;
  • whether a valid promotional code applies to the account;
  • rounding; or
  • changes permitted under these terms.

7.3 The calculator does not create a guarantee, warranty or separate entitlement to the amount displayed.

7.4 If the calculator conflicts with these terms or our account records, these terms and our account records will apply, subject to your legal rights.

8. Our liability

8.1 We are not responsible for losses caused by incorrect information entered into the calculator, circumstances outside our reasonable control or a member's failure to meet these terms.

8.2 We will not be liable for indirect or unforeseeable losses arising from participation in the offer.

8.3 Nothing in these terms excludes or limits liability where it would be unlawful to do so, including liability for fraud, fraudulent misrepresentation or any regulatory or statutory duty that cannot legally be excluded.

9. Other terms

9.1 Your savings remain subject to our general membership and savings account terms and conditions.

9.2 If there is a conflict between these promotional terms and our general account terms, these promotional terms will apply only in relation to the Christmas Club bonus.

9.3 We may refuse or remove participation where we reasonably believe the offer has been misused or eligibility information is inaccurate.

9.4 These terms are governed by the law of England and Wales.

9.5 Complaints will be dealt with under our complaints procedure. Eligible complainants may subsequently refer an unresolved complaint to the Financial Ombudsman Service.

Scroll inside the box to read all of the terms and conditions.