CWCU Christmas Club Summary

Requirements

• Interest is calculated on the minimum monthly balance and paid annually on 31 October.
• Pricing is reviewed for comparison balances of $1 or more. For minimum-monthly-balance products, the comparison assumes that amount is the minimum balance maintained during the month, a lower minimum changes the interest earned.
• No monthly deposit-count, qualifying deposit-dollar, growth or purchase interest test is established. No introductory offer is established. Transaction allowances and access restrictions are separate from interest qualification.
• A separate unconditional monthly account-keeping fee is unverified. The fee column remains unknown rather than zero. Paper statements cost $2.50 each under the current tariff, with online statements and statements for children under 16 free. Separate transaction, service or dormant-account charges may apply.
• The variable rate applies to the whole minimum monthly balance. Normal withdrawals, including internet banking, direct debits and BPAY, are allowed from 1 November through the last day of February in the following year, including 29 February in a leap year.
• Early withdrawals are at CWCU discretion, for example in hardship, and the current tariff charges $10 for each withdrawal outside that window. Paying the fee does not guarantee early access. This is a seasonal access rule, not a monthly withdrawal-count test or rolling notice period.
• No card access is available under the current account summary and CDR feature text. The Christmas TMD lists digital wallets, which conflicts with those access documents, wallet access is not represented as a confirmed feature.