Savings account
Christmas Club Account — IMB Bank
Current savings rate from IMB Bank. Compare the ongoing rate, bonus conditions, and eligibility in one place.
Christmas Club Account
View on bank website ↗If there are any withdrawals between January 1 and October 31 the account will be closed and the bonus forfeited.
A withdrawal between 1 January and 31 October doesn't just drop you to a base rate for the month — it closes the account immediately and you forfeit all interest accrued since January. There's no partial payout or fallback rate.
What to know
This page focuses on the ongoing rate: 3.25% p.a.
To earn the full rate, you need to meet these conditions: If there are any withdrawals between January 1 and October 31 the account will be closed and the bonus forfeited.
Missing these conditions doesn't just mean a lower rate for the month — it forfeits the bonus entirely. See below for exactly what happens.
Most common catch: A withdrawal between 1 January and 31 October doesn't just drop you to a base rate for the month — it closes the account immediately and you forfeit all interest accrued since January. There's no partial payout or fallback rate.
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The information on this page is general in nature and does not constitute financial advice. Rates are subject to change — verify directly with the provider before making a financial decision.