Christmas Saver

Make Christmas special and enjoy peace of mind too. A safe, flexible way to build your festive funds through the year.

Spread the cost of the festive season

Imagine preparing for Christmas knowing you’ve got money put aside to make it extra special. 

Open a Christmas Saver today and make a habit of paying in what you can afford. Come December, you’ll have a debt-free way to spoil your family. 

  • Start saving from as little as £1
  • Withdraw your pot of money in November
  • Safer than Christmas Savings Clubs, hamper or voucher schemes
  • No matter what, your money stays protected

Interest rate 

We pay an annual dividend approved by our members at the annual general meeting.

Your money allows us to offer fair loans to local people

Flexible savings accounts that allow you to save what you can, when you can

Your savings are protected by the Financial Services Compensation Scheme

We offer a competitive return on your savings


You can access to your money via free transfers to any UK bank account, by logging in to your account online.

You can set up a regular Standing Order from your bank account or have payments from benefits paid in directly. If your employer is signed up to our Savings@Work scheme, you can also save via your payroll. Alternatively, you can pay cash into one of our branches or service points. 

Yes. Your eligible deposits with Great Western Credit Union are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK's deposit guarantee scheme. Any deposits you hold above the £85,000 limit are unlikely to be covered.

Find out more about this

A 'dividend' is a share of the profit that we make, which is paid to our members each year. Over the last five years members have received a dividend between 0.5% -1% on their savings each year.

Members get to decide the dividend we pay at our Annual General Meeting, which is usually held in February and is open for all members to attend. 

I have regularly saved with Great Western Credit Union for over 10 years. It helps me budget and plan ahead for things like birthdays, Christmas and holidays. I like knowing my money is being well looked after, and staying local!


Check you are eligible

To apply for a Christmas Saver you need to meet the following criteria:  

  • Age 18 +
  • Live, work or study in Bristol, Bath, Dorset, Wiltshire, Somerset and Gloucestershire
  • Or be a UNITE and UNISON member from across the South-West

Have your documents ready

You'll need an email address and mobile number to start your application. Make sure you have your National Insurance number, plus proof of identity handy.    

You will also need to have a valid debit or credit card to make an initial deposit of £1 or more to get started.    

If you are unable to provide these during your application, you can save and complete at one of our branches or service points. 

Find a branch

Start your application

Now that you have everything you need you can get started on your application. It takes about 15 minutes to complete your application and open your account. You can save your application at any time and come back to it later.   

Get started

Not sure this is the right savings account for you? Have a look at our other products

View our other savings accounts