Christmas clubs with local shops and supermarket stamp schemes
- You will not get interest on your money
- Some schemes, especially large supermarkets, offer a bonus
- It could be difficult for you to take out money before the run-up to Christmas
- They will not collect the money from your home
- If the shop goes bust, you're unlikely to get all your money back
- They will pay out just before Christmas
- You will have to buy from a particular shop or supplier
- Only as secure as the shop operating the scheme
- If your savings are recorded on a card, booklet, stamp book or other item, check what happens if the item is lost, damaged or stolen
