The club will offer Argos customers a convenient and secure way to save up to£500, after many of its customers lost out in the collapse of Christmas savings firm Farepak last year.
Savers will benefit from a first payment bonus after their initial deposit, regular payment incentives and can also receive a bonus of more than 5 per cent when savings reach£250.
The initiative will trial in 100 Argos stores, with a view to launching nationwide next year. Savers can register for the Argos Christmas Club from tomorrow.
Argos managing director Sara Weller said: 'As the number one gift retailer for Christmas and the number one redeemer of existing multi-retail vouchers, Argos is by far the most obvious retailer to offer customers the best Christmas savings club on the market.
'We know that the security of any savings scheme is of paramount importance to our customers and that is why we have made our scheme different.
'Argos is one of the high street's most trusted retailers. We already run one of the UK's most successful store cards, so we have valuable experience in handling customers' financial needs. This makes us ideally placed to ensure maximum security of our customers' savings.'
No comments yet