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While living costs remain high, shoppers can knock sizeable sums off their food shop by investing in supermarket\u00a0savings scheme this Christmas.<\/p>\n
Savings schemes differ per supermarket, and some enable customers to claim a bonus of up to \u00a350 – a much-welcomed saving with food price inflation currently in double digits.<\/p>\n
The savings on the card, as well as the bonuses earned, must be spent in the respective supermarket. However, bonuses can expire, making it important to be aware of the dates and details to benefit.<\/p>\n
While these schemes don\u2019t offer the same protection as savings kept in a bank, people can minimise risks by making their investments a few days before the deadline and still enjoy the full bonuses available.<\/p>\n
From Sainsbury\u2019s\u00a0to Iceland, here are some details of each of the five supermarkets running a Christmas savings scheme this year.<\/p>\n
READ MORE: <\/strong> Flexible ISAs are ‘little-known feature of tax-free saving’<\/strong><\/p>\n The Sainsbury’s Christmas Club Card pays a \u00a32.50 bonus for every \u00a350 saved. The maximum bonus that can be earned is \u00a325, and customers would have to deposit \u00a3500 to receive this.<\/p>\n To receive the cash bonus, savers will need to have a minimum of \u00a350 on the card before November 1. The bonus will be added to the card by the end of November and the expiry date will be printed on the card.<\/p>\n The Christmas Club Card can be used in part or full payment in-store or online at Sainsbury’s and Argos.\u00a0<\/p>\n Tesco\u2019s\u00a0Christmas Saver Scheme is part of its Clubcard programme and boosts savings by up to six percent of what\u2019s disposited. The highest bonus available is \u00a312.<\/p>\n Once opted in, people can top up their Christmas Saver account in-store. The amount paid in is then returned to as ‘top-up’ Tesco vouchers, along with a ‘bonus voucher’.<\/p>\n The amount a person gets depends on the amount they have saved. A breakdown of the tiered bonus rewards include:<\/p>\n People must pay money in by October 28, 2023, to be eligible. The top-up vouchers are valid for two years from the date of issue, and the bonus vouchers are valid for two months.<\/p>\n Asda’s Christmas Savings Card also awards customers with tiered bonuses depending on how much they save.<\/p>\n The maximum bonus is \u00a315, and this is applied to savings of over \u00a3280 in the account. A breakdown of the complete tiered bonus rewards includes:<\/p>\n We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info<\/p>\n Don’t miss… <\/strong> This year, the bonus cut-off date is 5pm on November 12. According to Asda, the bonus will be applied by 9am on November 13. The bonus will expire two years from the date of the person\u2019s last transaction.<\/p>\n People can register for as many cards as they like, meaning even more savings can be made for those spending heavily in Asda.<\/p>\n The Co-op’s store-only Savings Stamps Scheme awards customers with a \u00a32 bonus for every \u00a348 saved.<\/p>\n To qualify, customers need to pick up a stamp book from their local store, which they\u2019ll need to fill. Each stamp costs \u00a31 and a total of 48 are needed to complete the book. This means customers will spend \u00a348 in total, which can then be used for a future shop and with the \u00a32 bonus, it\u2019ll equate to \u00a350 off.<\/p>\n The scheme runs all year round so customers can start saving at any point, however, the bonus can only be spent in December.<\/p>\n Iceland’s Bonus Card awards customers a \u00a31 bonus when \u00a320 is added to the card. This scheme runs all year round, with no specific deadline to receive the bonus; instead, the \u00a31 is automatically credited whenever \u00a320 is deposited into the account.<\/p>\n Savers have the opportunity to increase their savings further by depositing \u00a3100 or more onto the card by Friday, November 3rd, receiving an additional \u00a315 on top. This will be paid by November 24.<\/p>\n The maximum bonus that can be earned with this card is \u00a350 and there is no expiry date. People can also enjoy exclusive ‘Bonus Card prices’ in-store, meaning more savings can be made.<\/p>\n![](\"https:\/\/cdn.images.express.co.uk\/img\/dynamic\/23\/590x\/secondary\/christmas-food-shop-savings-4990114.jpg?r=1696268043199\")
<\/p>\nSainsbury\u2019s Christmas Club Card<\/strong><\/h3>\n
Tesco\u2019s Christmas Saver Scheme<\/strong><\/h3>\n
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Asda\u2019s Christmas Savings Card<\/strong><\/h3>\n
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Savers urged to take advantage of \u2018excellent\u2019 5.70% interest rate[INSIGHT] <\/strong><\/p>\nCo-op Christmas Savings Stamps Scheme<\/strong><\/h3>\n
Iceland\u2019s Christmas Savings Club<\/strong><\/h3>\n