Christmas Savings Account

Christmas and the festive season can stretch most people’s budgets, so we have developed our Christmas Savings Account to help members save throughout the year. You can deposit up to £1000 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 £5 to £1,000 each month* by Direct Debit or from your salary (if you work for one of our Employer Partners)
  • Make online withdrawals 24 hours a day during November and December
  • Savings may earn an annual dividend (not guaranteed)
  • Free Life Savings protection (restrictions apply)
  • Exclusive to Glasgow Credit Union members

*£1,000 is the total amount per month that you can save across all your credit union savings accounts. To be eligible for our Christmas Savings Account you must already be a member and maintain a regular savings account.

Download the application form today

Christmas Saving Club Application Form


  • All savings accounts are designed for regular deposits by Direct Debit or from salary deduction
  • Lump sums can be made into the account (up to a total of £2,500 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.
  • Members can access their accounts online from within the UK only. Access from outside the UK is restricted in order to limit cybersecurity threats.
  • View our Christmas Saving Club Terms and Conditions