Christmas Savings

Christmas Savings Account

Be prepared for the festive season

Open a Christmas Savings account and you can make sure you’re prepared for the festive season in good time. You’ll still get all the benefits of our normal Savings Account - except for ‘instant access’ during certain periods. To help members save for Christmas withdrawals are limited from January 1st to November 15th each year.

  • Easy ways to save regularly
  • Access to affordable low cost loans up to £15,000 (subject to status)
  • FREE life savings insurance (up to the age of 65)
  • An annual dividend (interest) on your savings

If you are already a member and have a different type of Savings Account please contact us to open a separate Christmas Savings Account.

If you are not already a member of Just Credit Union you will need to:

  • Complete the online application form or alternatively download, complete and return a printed copy of the application form to our office.
  • Provide us with proof of your identity and address


Identification Requirements:

On completion of your application, we will require you to provide one item as proof of identification (i.e. your name) and one separate item as proof of your current address.

Examples include: Passport, Driving Licence, Tenancy Agreement, Benefit Entitlement Letter, Recent Utility Bill.

  • A member in receipt of benefits or salary can open a savings account at any time.
  • Each new adult member of Just Credit Union will automatically have a savings account opened in their name.
  • The first deposit into the account should be at least £5. This covers the one-off membership fee of £4 plus a minimum of £1 to open the account.
  • The minimum required balance in this account is £4 to keep it open. This level of savings must be obtained within 6 months of the account being opened.
  • When you open a Christmas Savings Account you agree that you will not be able to make any withdrawals from the account between 1st January and 15th November each year.
  • If the minimum level is not attained within 6 months Just will close the account. You will be contacted prior to us taking this action and given the option of meeting the minimum requirement or closing your account.
  • Members qualify for an annual dividend subject to one being paid.
  • FREE life insurance pays £1 for every £1 saved - doubling the amount deposited by members under the age of 65 up to a maximum of £5,000. Deposits made by members over the age of 65 are not covered by free life insurance.
  • Regular savings of £5 per week are normally required to keep the account active.
  • Members may close their savings account at any time by completing a Closure of Account form. Just Credit Union reserves the right to require a maximum of 30 days notice of the account closure.
  • Members closing their savings accounts automatically end their membership and cease to be shareholders in Just Credit Union.