Christmas Savings

Christmas Saving Club

Lock in your savings for Christmas

With our dedicated Christmas savings account, you can save as you wish throughout the year.

However unlike our other savings accounts your savings will be ‘locked in’ until October. Members will then have access to their funds up until the last operational day before Christmas (two withdrawals permitted) when any deposits left in the account at this time will be locked in until the following October. This is the ideal account for those looking to deposit throughout the year and relieve the financial pressure of the festive season.

  • I am over 16
  • I either reside in or am employed in the locality of Ayrshire, or am a member of the same household as a member
  • I have an existing Share Account with 1st Alliance
  • Application for a membership can be made at any access point.
  • Bring one item of photographic ID i.e. passport or driving licence (original only).
  • Bring one recent official letter no more than three months old (original only).
  • An annual fee of £5 is due on the 31 March each year.
  • Members can pay via collection point, standing order, online, over the phone with a debit card or payroll deduction.
  1. A Share Account may be opened by completing a Membership Application Form and by
    providing appropriate identification documents.
  2. A minimum deposit of £1 is required to join thereafter the minimum balance of £5 is required.
  3. Members with outstanding loans may only withdraw shares if their value exceeds their loan
    balance and any future interest and the amount they withdraw will be limited to the surplus
    shares over loan, e.g. a member with an outstanding loan of £100 including interest and a
    share balance of £150 may withdraw up to £45.
  4. An Annual Dividend may be paid, gross of tax, on Share account, subject to surplus. Dividend
    rates will be decided at the AGM.
  5. An annual service charge of £5 applies.
  6. Default in loan payments could result in transfer of Shares.