You are here: Home - Saving & Banking - News -

Post Office launches Christmas Club

0
Written by:
15/11/2007

The Post Office has unveiled plans to launch a Christmas Club offering customers a secure and convenient way to save for Christmas 2008, with additional membership rewards that will increase their spending power.

The club will fill a gap identified by the Treasury’s Review of Christmas Saving Schemes by Brian Pomeroy, chairman of the Financial Inclusion Taskforce, in March this year carried out in the wake of the Farepak collapse.

All funds deposited in the Post Office Christmas Club will be governed by strict e-money regulations and held in a protected account under the control of Bank of Ireland. The funds will only be accessible to Club members.

Post Office managing director Alan Cook said: “As one of the UK’s most trusted brands with an unparalleled retail network, we are responding to the need for a safe and convenient way for people to put money aside for Christmas.

“We have been working on this for many months to get the best scheme possible for our customers, to provide them with a way to save small regular amounts which ensures their cash is fully protected and looked after securely for the year until they need it at Christmas. Customers will be able to start saving money at any of our 14,000 Post Office branches from January for Christmas next year.”

 

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Consumers’ pockets hit by insurance mistakes

Buying the wrong insurance has cost UK consumers £750 million in the last 12 months, according to Tesco Personal Finance’s...

Close