A little cheeky: Australia’s 10 worst Christmas presents of 2018 revealed

Tom Watson

12 Dec 2018

Man unhappy with stupid christmas present content

It’s Christmas Day 2018 and the moment has finally arrived for Uncle John to unwrap the gift you got him.

As he starts peeling back the sticky tape with trembling hands you catch a glimpse of childlike glee in his eyes as the wrapping paper starts to slide off to reveal… a Santakini.   

Uh oh. His forced smile and the look of horror on your aunt’s face suggest that a Bunnings gift voucher could have been a safer bet after all.

RELATED: Is it time to shake up your savings account before summer starts?

While the Santakini might find a welcome home under Sacha Baron Cohen’s Christmas tree, it’s certainly not going to be a present many Australians will be dipping into their savings accounts to buy this year.  

That’s because the festive mankini topped Mozo’s 2018 list of stupidest Christmas presents following a nationally representative survey of over 1,000 Australians, with a stuffed unicorn toy in a can and beer shower holder rounding out the top three places.

“There’s certainly nothing wrong with a little novelty at Christmas, but unwrapping a Santakini might not leave everyone’s bells jingling,” said Mozo Director, Kirsty Lamont.    

“And while a little Christmas creativity can lighten the mood during the festive season, overspending on pointless presents can be a real drain on the family finances.”

According to newly released figures from ING, 75% of Australians don’t actually end up using the gifts they receive at Christmas.

And given that Mozo predicts Australians will have racked up credit card debt in the region of $32 billion by the end of the festive season, many Aussie families may be weighing up the pros and cons of novelty gift giving this year.  

RELATED: Save more, waste less? ING finds 75% of Aussies don’t use their Christmas gifts

However, if you know your brother would make great use out of a shower beer holder or you’re just looking for the best bargain buy for your work’s secret santa, here’s the full list of Mozo’s Stupidest Christmas Presents for 2018.

                                          Australia’s 10 Stupidest Christmas Presents

                     

Looking for the best way to give your savings account balance a boost before the festive season starts?

A bonus rate savings account could be just the ticket. Check out some great bonus rates in the deals below, or head over to Mozo’s Savings Account Comparison Hub for even more offers.

Savings account offers 2018

Rates updated daily. Advertiser disclosure.

  • Promoted

    MyState Bank

    MyState Bank

    Bonus Saver Account

    1.10% p.a. (for $0 to $250,000)

    0.05% p.a.(for $0 and over)

    Yes up to $250,000

    *Bonus rate when at least $20 is deposited each month and five Visa Debit transactions are made each month using linked Everyday or Glide transaction accounts.

  • Promoted

    Virgin Money

    Virgin Money

    Boost Saver with Go Account

    1.50% p.a. (for $0 to $250,000)

    0.10% p.a.(for $0 and over)

    Yes up to $250,000

    *Intro bonus rate of 1.50% for first 3 months, reverting to 1.20% after. Bonus interest only applies when you deposit $2,000 into your Go Account and make 5 debit card purchases, direct debit or BPAY payments in the previous month. If you are between 18 and 25 you need to deposit $1,000 and fulfil the other criteria.

  • Promoted

    Rabobank

    Rabobank

    High Interest Savings Account

    1.35% p.a. (for $0 to $250,001)

    0.25% p.a.(for $0 to $250,001)

    Yes up to $250,000

    *Bonus rate for the first 4 months from account opening, reverting to standard variable rate. Rate shown is for Personal customers and is subject to change. Different rates apply to Business/SMSF customers.

  • Promoted

    Bank of Queensland

    Bank of Queensland

    Fast Track Saver Account

    1.05% p.a. (for $1 to $250,000)

    0.05% p.a.(for $1 and over)

    Yes up to $250,000

    *Ongoing bonus rate applied if in the previous month $1,000 or more is credited to the linked Day2Day Plus account and 5 eligible transactions are made by the linked account.

  • Promoted

    Virgin Money

    Virgin Money

    Grow Saver

    0.65% p.a. (for $0 and over)

    0.10% p.a.(for $0 and over)

    Yes up to $250,000

    *Make at least 1 deposit and no more than 1 withdrawal, including internal transfers or external payments.

^See information about the Mozo Experts Choice Savings accounts Awards