When you look back over the festive period, what do you wish you had had more of? Turkey? Presents? Christmas savings?
We know just how expensive Christmas can be. And you know what? Christmas 2022 is probably going to be just as hard on the purse strings for many of us. According to the Bank of England, a typical UK household spends over £700 more in December compared to other months. Hardly a surprise when you think about the mountain of gifts, food, and drink. We wouldn’t have it any other way though. Festive celebrations with our family and friends are worth every penny, but we need to be sure we can afford the outgoings.
Having Christmas savings in place means you can enjoy all the festivities without worrying about checking your bank balance every five minutes.
What are PCCU Christmas savings?
Thinking about Christmas savings probably isn’t all that close to the top of your agenda right now. If you’re anything like us, working out how you’re going to shed all these extra pounds is most likely priority number one, isn’t it? And yet there’s no time like the present to start preparing for Christmas 2022.
Save £10 a week from today, and you’ll have more than £480 to spend on whatever it is your heart desires come the end of the year. The best way to begin building up your little nest egg is through our Christmas Club account. This enables you to save throughout the year but only allows withdrawals to be made during November and December, meaning Christmas savings really are just for Christmas.
Another Christmas Club account perk is the fact your funds are available to spend wherever you like, a big advantage when compared to a lot of other accounts or schemes where Christmas savings are restricted to certain shops.
When can I join PCCU’s Christmas Club?
January, February, July. You can join the PCCU Christmas Club whenever you wish. Obviously, the sooner you start the better. Last year’s Christmas Club account totalled £273,000, with more than 1,000 account holders using us to help get their Christmas finances under control.
You can save as little or as much as you like as well – make one of payments, regular deposits or save a proportion of any benefits you are in receipt of, such as Child Benefit. You’ll be amazed how quickly these savings build up.
Also, all your Christmas savings – up to £85,000 – are protected by the FCSC as well being covered by free life insurance, which means that in the event of your untimely death all your shares would be given, with the insurance amount, to the person you have nominated.
Speak to a member of the PCCU team today on 01282 691333, and we’ll answer any questions you may have about Christmas savings. Just don’t ask us how the New Year diet is going.
