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It's never too early to start planning for Christmas! Open a Christmas Club Account and enjoy a cash injection in November ready for your Christmas shopping. Your funds will be available from 1st November through to the 31st January to remove the temptation of spending prior to Christmas.
Savings Accounts Features
|Annual Fee :||$0|
|Monthly Fee :||$0|
|Funds Available :||1 November to 31 January|
|Minimum Amount :||$1|
|Personal Cheque Facility :||No|
|Branch Access :||Yes|
|ATM/EFTPOS Access :||No|
|Direct Entry (Credit/Debit) :||Credit Only|
|Interest Calculation :||Calculated daily, paid annually in November|
Geelong Bank is a mutual financial services organisation and as such is owned by its members, each one of whom is a shareholder. Part of the membership process is to open an account.
The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails.
Under the FCS, certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA).
The FCS can only come into effect if it is activated by the Australian Government when an institution fails. Once activated, the FCS will be administered by the Australian Prudential Regulation Authority (APRA).
In an FCS scenario, APRA would aim to pay the majority of customers their protected deposits under the Scheme within seven calendar days.
Christmas Club Account
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Open a Savings or Transaction Account.