Christmas Savings Account Payout

All members with a Scotwest Christmas Savings Account will receive their savings as cleared funds in their nominated bank account on Thursday 10 November.

This year has seen 2700 members saving throughout the year with a record breaking total of £1,925,407 paid out!

 

Our Christmas Savings Account allows you to spread the cost of the festive season by saving throughout the year. To help plan ahead, simply open an account and save money every week, fortnight or month, so that come November when you’re looking to start Christmas shopping or you’re organising festive treats and fun nights out you have money available and ready to use.

By planning ahead, you could avoid facing hefty credit card bills in the New Year. If you’re interested, all you need to do is open an account and start saving. Your money will soon add up and each November we’ll automatically pay your savings into your chosen bank or building society account.

Unlike hamper schemes, your money is covered by the Financial Services Compensation Scheme (FSCS) and what’s more you may receive a dividend prior to pay-out each year.

Change of Bank Account?

If you hold one of our Christmas Savings Accounts and have changed your bank account in the last 12 months please let us know by calling our Member Services team on 0141 227 2390.
This will ensure that your Christmas savings are paid out into the correct account in November.

 

Christmas Savings Account Terms and Conditions

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