20.12.2018 | 3 minutes estimated reading time | Print this article

It’s nearly Christmas… Time to start saving for Christmas 2019!

Bustling markets, carol singers, brass bands, the scent of mulled wine and wishful thoughts about snow in December, it can only mean one thing; Christmas is upon us. If you’re the type to really get into the Christmas spirit, this time of year can be quite expensive, meaning that it’s never too early to start planning for Christmas, especially if you want to take advantage of savings products that mature in time for Christmas 2019.

Why choose a fixed term deposit?

A fixed term deposit is ideal if you don’t want to worry about variable rates affecting how much interest or profit you’ll receive when your savings product matures, but it also has an added benefit. Once you deposit into a fixed term deposit savings product, you can’t withdraw your funds until the maturity date, meaning that you don’t have to worry about moving your money from investment to investment. You can put it out of your mind, safe in the knowledge that your deposit will mature by next Christmas.

The following savings products feature a fixed term of less than a year, making them ideal if you want to save your money between now and next Christmas:

9 month fixed term deposit savings products

   B&C 1.70% AER
   ICICI Bank UK plc 1.65% AER

1 year fixed term deposit savings products

   Gatehouse Bank 2.10% AER
   B&C 1.90% AER
   QIB (UK) Plc 1.90% AER

Each of these savings products can be applied for through your Raisin UK Account with amounts between £1,000 and £85,000. Deposits into these fixed term deposits are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person, per banking group.

Reward yourself for saving with a bonus

While it’s enjoyable to give to others, it’s also nice to receive something for yourself. As a nice post-Christmas reward, if you fund a savings product for the first time through our marketplace, you can claim a welcome bonus of up to £100 (terms and conditions apply).

Once you’ve registered and funded your first savings product at Raisin UK, you can refer a friend through your Raisin UK Account. In addition to being able to claim a welcome bonus of their own if they’re eligible, they’ll receive a refer a friend bonus of £50 if they fund a savings product with a minimum of £5,000. To thank you for introducing someone to Raisin UK, we’ll give you £50 for every person you recommend who deposits at least £5,000 into a savings product through our marketplace.

Merry Christmas and a prosperous New Year from the Raisin UK team

Whatever you have planned to celebrate the festive season, we hope you have a joyful and peace-filled Christmas, as well as a prosperous 2019.