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Christmas Savings Account - Terms and Conditions

Opening account and withdrawals

The Christmas Savings Account is a share account with Kent Savers.  Kent Savers requires members to keep £3 in a share account to remain members; this can either be in the Christmas Savings Account or in a Member Share Account.

Withdrawals from the Christmas Savings Account will be limited to the 1st November – 31st December and will require a fully completed Share Withdrawal Form. Any monies that are not withdrawn by the 31st December will be rolled over to the following year and be locked in to the account until November of that year.

If members need to make withdrawals outside of this period, the whole Christmas Savings Account will be closed and funds will be transferred to the Member Share Account.

No loans can be issued on this account and it will be subject to an interim dividend payment to be paid on the 1st November of an amount determined at the October board meeting.


Payments into the Christmas Savings Account will need to use the specific reference given on the Christmas Savings Account Welcome Letter; failure to do so will result in the funds being lodged in the Member Share Account or having the funds returned to you.

Members making payments into the Christmas Savings Account via an Allpay Card will need to inform Kent Savers before every payment is made to advise how much of the transaction is to be lodged to the Christmas Savings Account, failing to do so may result in the full monies being lodged into the Member Share Account and additional fees be applied. If you wish to pay a set amount per month using your Allpay Card, please advise us and we can arrange this for you without you having to contact the office every time a payment is made. Allpay Card transactions will be subject to a minimum value of £10, any transaction less than £10 may result in a charge per transaction.

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Kent Savers Credit Union Tel: 0333 321 9050 Email: Web:
Kent Savers Credit Union is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation and Financial Conduct Authorities - Firm No. 503258