CMB Christmas Club Summary
Description
A personal Christmas savings account with daily interest paid annually and normal access from 15 November to 15 February.
Benefits
- No monthly savings-account fee.
- No monthly activity requirements for the ongoing rate.
- No upper balance cap in the reviewed ongoing pricing.
Hoops
- Check the provider’s eligibility, linked-account terms and other service charges.
On this page
Details
Key details
| Product name | CMB Christmas Club |
|---|---|
| Maximum variable rate | 0.55% p.a. |
| Ongoing interest rate | 0.55% p.a. |
| Base interest rate | 0.55% p.a. |
| Minimum age | - |
Source: noren.com.au
All comparison details
| Base | 0.55% |
|---|---|
| Ongoing | 0.55% |
| Ongoing cap | No cap |
| Intro | - |
| Intro cap | - |
| Intro period | - |
| Dep/mth | - |
| Dep $/mth | - |
| Growth/mth | - |
| Buys/mth | - |
| Txns/mth | - |
| W/d/mth | - |
| Min age | - |
| Max age | - |
| Fee/mth | $0 |
Source: noren.com.au
Rates & features
Interest rates
Variable rates % p.a. at $699, assuming applicable bonus conditions are met.
- Base: 0.55% p.a..
Full rate breakdown
| Type | Rate | Applies to | Balance |
|---|---|---|---|
| Standard variable | 0.55% | Whole balance | All balances |
Source: noren.com.au
Share/Export
Requirements
- Interest is calculated on the daily balance and credited annually on 30 November, or when the account is closed.
- No recurring deposit-count, qualifying deposit-dollar, balance-growth, card-purchase or withdrawal-count interest test is established. No introductory offer. No minimum ongoing balance is required.
- Transaction and general service fees may apply. The member-rewards program can offset eligible transaction fees, it is separate from interest qualification.
- Normal access is through branch or digital banking from 15 November through 15 February each year. Funds are available on written instructions to staff. This is seasonal access, not a monthly withdrawal-count interest condition or a fixed rolling notice period.
- Early withdrawals may be approved in special circumstances after a written request. Approval is not guaranteed. Applicable staff-assisted cash withdrawals and transfers are separately charged under the tariff. No special fixed early-withdrawal penalty is independently established.
- No monthly account fee under the current product page. Known transaction and service charges are separate from that fee.
Fees
- Monthly account fee: $0
Showing reviewed fees only, other charges may apply
How to apply
Check these eligibility requirements before applying with CMB.
- Personal customers only, subject to Central Murray Bank membership, shareholding and identity checks. A residential address and tax-residency declaration are required. No universal citizenship, residency restriction or numeric minimum account age is established by the reviewed documents, confirm eligibility directly with the bank.
- Current terms distinguish share refunds for memberships opened before November 2025. No share price or universal refund promise is inferred for new members. Confirm the current subscription terms with the bank.
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Sources & review
Noren aggregates information from multiple primary sources to ensure you're getting the most up-to-date, accurate information. All product information is peer reviewed.
Collected on 31 Oct 2026. Pricing verified on 29 Oct 2026.