The Finance Algorithm
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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
Apply at Australian Military Bank ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
2.00%

How it compares

This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This account: 2.00%Every other institution's highest, 60 in all

Paid whatever you deposit or spend. One dot per institution, at its highest savings rate with no bonus conditions anyone can apply for; hover or tap a dot for its name.

RateThis accountBest anywhereTypical institutionWhere it sits
No bonus conditionsPaid whatever you deposit or spend2.00%4.80%MoveBank's Online Saver2.25%of 61 institutions33rd highest of 61, level with 2 others

Rates

The one rate AMB Bank Product publishes for this account.

TypeApplies toTermBandRateComparisonConditions
Variable---2.00%-paid every 1 yr

Fees

8 fees published, grouped by when they're charged.

While you hold it3

  • Dormancy fee for accounts inactive greater than 24 months
    $2 a month
  • Inactive fee for accounts inactive 12 months or greater
    $2 a month
  • Paper statement fee (per statement)
    $2 a month

When you make a transaction1

  • EFT trace/recall of funds
    $25

When particular things happen4

  • Archive retrieval fee

    Per hour fee applies plus any expenses incurred

    From $50
  • Audit Certificate Fee

    Per audit certificate requested

    $50
  • Copies of statements (over 12 months) at branch
    $5
  • Copies of statements (up to 12 months) at branch
    $2.50

Features

Digital banking
  • No monthly account keeping fees
  • Withdrawals available between 1 November and 31 January each year

Eligibility and 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.