The Finance Algorithm
AMB Bank Product

Christmas Club

With limited withdrawals throughout the year and a direct credit facility available, the Christmas Club Account helps you stay on track with your savings for the festive season.

Savings & transaction accountsBank updated 25 Aug 2026
At a glance
Base rate
2.00%
Monthly fee
$6
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
Variable2.00%paid every 1 yr
§ 02 — Fees · 8
FeeTypeAmountWhenNotes
Archive retrieval feeEvent$50Per hour fee applies plus any expenses incurred
Audit Certificate FeeEvent$50Per audit certificate requested
Copies of statements (over 12 months) at branchEvent$5
Copies of statements (up to 12 months) at branchEvent$2.50
Dormancy fee for accounts inactive greater than 24 monthsPeriodic$2Every 1 mo
Inactive fee for accounts inactive 12 months or greaterPeriodic$2Every 1 mo
Paper statement fee (per statement)Periodic$2Every 1 mo
EFT trace/recall of fundsTransaction$25
§ 03 — Features
Digital banking
  • · No monthly account keeping fees
  • · Withdrawals available between 1 November and 31 January each year
§ 04 — Eligibility & limits
  • · Residency: Individuals must be citizens or permanent residents of Australia.
  • · Available to individuals

Published by Australian Military Bank under the Consumer Data Right, last changed by them on 25 Aug 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.