Money News
Customers joining the new Post Office Christmas Club will receive a booklet of special offers worth at least £100 to redeem in selected retail partners from November 2008.
The Christmas Club is now available at all 14,000 Post Office branches nationwide offering customers a way of budgeting for next Christmas.
Under the deal you can make pre-payments of a minimum £5 over the counter at any Post Office branch using a special Christmas Club payment card.
From November 1st the card is unlocked, enabling customers to use it to buy goods and services directly at retailers, or to purchase retail gift vouchers. The maximum individual payment is £500, up to a total of £1,000 per card per annum.
Each club member will receive a bonus booklet of at least £100 in special offers with selected retail partners.
The Post Office has negotiated partnerships providing club members with over 200 places to spend their money, covering grocery, wine merchants, fashion, travel and leisure, and health and beauty companies. Names include Argos, Boots, Debenhams, Halfords, HMV, House of Fraser, JJB Sports, Peacocks, Sainsbury's, Thorntons, Woolworths and WH Smith.
Christmas Club funds can also be redeemed against One4All vouchers which are available at all Post Office branches. One4All gift vouchers are valid in 25,000 outlets and are accepted in a wide range of high street stores such as B& Q, Comet, Debenhams, Halfords, Mothercare, River Island and Woolworths.
The third option is that sub Post Office branches can elect to be part of the redemption scheme so customers can choose to purchase goods from its retail side.
Customers can sign up and start putting money away for next Christmas now. Simply pick up an application pack from any Post Office branch and return with the completed form, plus ID, to complete the membership process.
13 February 2008 © Moneyextra.com
Our senior editor Robin Amlôt recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.