The A to Z of Holiday Savings Account


Monday, July 25, 2016

We live in a world filled with wonderful landscapes and views that were meant to be witnessed in person. Needless to say, each of us have dream destinations that we want to visit at least once in our lifetime. However, travelling isn’t cheap and not everyone has the means to make it to their favourite holiday destination. Presenting, a solution to everyone’s travel problems: the Holiday Savings Account.

If you haven’t heard of this amazing product, read on and find out all you need to know about it:

What is the Holiday Savings Account?

Holiday Savings Account is Thomas Cook’s way of providing you with your dream vacation. This is done by opening a savings account with either ICICI Bank, Kotak Mahindra Bank, IndusInd Bank or State Bank of India. Once the account is opened, you save up for the vacation by depositing a pre-fixed amount over 12 months leading to the vacation. The 12 installments along with a 13th top-up from Thomas Cook will sum up to form your vacation’s cost.

How is the Holiday Savings Account better than EMI?

  • The Holiday Savings Account allows you to earn interest over the 12 months that you pay the installments while for an EMI you end up paying interest over and above
  • This enables you to save up for your holiday before taking it, while an EMI would have you take the trip and then pay for it later over time
  • This is also inflation-proof that lets you travel next year at  this year’s price
  • It is an investment for your holiday, while an EMI is taken on a loan for a vacation

Which places can you visit with the Holiday Savings Account?

By opening a Holiday Savings Account, you open up the possibilities to pick from the six fantastic international packages and eight great domestic packages.

You can go to international destinations such as Europe, Singapore, Dubai and domestic destinations such as Andaman,  Kashmir, Bhutan and so on.

What is the ideal way to go about planning an amazing vacation?

As easy as 1…2…3…

Making the most of the Holiday Savings Account is as easy as following 3 simple steps. Follow them and you’re definitely going to have a memorable vacation.

Step 1: Save

Prepare for your grand vacation by starting small. Open a savings account with any of our partner banks and for 12 months leading up to the vacation, pay small monthly installments. The total of the 12 installments you pay each month will sum up to pay for your much-needed trip.

Step 2: Earn:

For each installment you pay, you will receive up to 8% interest per annum from the bank. Add to this a top up that you will receive from Thomas Cook for the 13th installment for your trip.

Step 3: Travel:

With the 12 installments you pay and the 13th installment from Thomas Cook and you will have the entire sum for your upcoming vacation in the simplest manner possible. What makes the deal even sweeter is the fact that you get your future dream holiday at ‘inflation-free prices’.

Now that you’ve read through the basics of the amazing Holiday Savings Account, it may sound like it provides a cheap holiday option. However, that isn’t the case. Think of it as a smart way to afford the vacation you’ve always wanted.

Get on the website or call a representative of Thomas Cook and get planning your dream vacation today.

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Nigel Buthello, a man always ready to explore new places! A content writer by profession and a biker by passion, Nigel is more than ready to go where few men have gone before.

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