I have just been reading an article at FinanceLocator.co.uk
The Post Office has decided to fill a gap in the Christmas Savings Club market that was left empty after the collapse of Farepak last year.
I think this is a brilliant idea for all those people that want to spread the cost of Christmas over the coming year.
There has been a definite gap in the market since Farepak, the largest UK Christmas Club, went into liquidation last year.
I am sure it has also put a lot of people off doing the same again. Many savers have lost their trust in these club accounts. However, the Post Office states that each club savers account is protected and will only be accessible by the customer themselves.
Hopefully this will put the trust back into the scheme and will help many people save for Christmas 2008 without getting into debt.
Read more about the Christmas Savings Club at FinanceLocator.co.uk
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