Christmas clubs with local shops (like butchers, corner shops and toy shops)
- You will not get interest on your money
- They do not pay 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 closes or goes bust, you're unlikely to get all your money back
- They do not pay out in vouchers
- They will pay out just before Christmas
- You will have to buy from a particular shop or supplier
