Christmas Savings Club

Christmas and the festive season can stretch most people’s budgets, so we developed our Christmas Savings Club to help members to save for Christmas throughout the year. You can deposit up to £500 a month* with the option to change the amount you save or stop saving at any time.

To encourage you to keep your savings until Christmas, free withdrawals are only permitted in November and December each year. However, if you do need access to your funds, you can make a withdrawal at any time subject to a £5 fee.

Key features

  • Save from £10 to £500 each month* by Direct Debit or from your salary (if you work for one of our Employer Partners)
  • During November and December, make withdrawals online or by phone 24 hours a day
  • The account earns the same competitive dividend as our regular savings account, paid in December each year
  • Free Life Savings insurance (restrictions apply)
  • Sign up for balance updates to let you know how much you’ve saved. Find out more on our Text Updates page.
  • Exclusive to Glasgow Credit Union members

*£500 is the total amount per month that you can save across all your credit union savings accounts. To be eligible for our Christmas Savings Club account you must already be a member and maintain a regular savings account.

Download the application form today

Christmas Savings Club Application Form


  • All our savings accounts are designed for regular deposits by Direct Debit or from salary deduction.
  • Lump sums can also be made into the account (up to a total of £7,500 in any Glasgow Credit Union financial year). If you would like to make a one off deposit to your account call us on 0141 274 9933 to discuss how best to make the payment.
  • View our Christmas Savings Club Terms and Conditions


If you’d like to speak to us about any of our services, call us on 0141 274 9933