We all know Christmas can be an expensive time and the best way to save for the big day is to put a little away throughout the year. We offer a facility for you to set up a second savings account just for this purpose. That way, if you take out a loan or are tempted to spend some of your regular savings, you know that little nest egg is safe and continues to grow until you need it.
Key features
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Requires a commitment to save regularly (weekly or monthly) between July and November
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Guaranteed loan facility based on level of savings up to £250
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Loan repayable between January and June
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Interest charged at 12% (12.68% APR)
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Any withdrawals prior to 1st December will invalidate the automatic loan offer
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The last date for joining the scheme is 30th September 2019
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The loan can be taken in addition to any existing borrowings (conditions apply)