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

By Tom Watson · · 2 min read
Fact Checked
Advertiser disclosure

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

Mozo may receive payment if you click the products below. We don’t compare the entire market, but you can search our database of 274 savings accounts.
Last updated 27 July 2024 Important disclosures
  • Savings Account

    5.35% p.a. (for $0 to $250,000)

    4.75% p.a.(for $0 to $1,000,000)

    Yes up to $250,000

    Bonus variable rate is available for the first 4 months.

    Competitive introductory variable rate for first 4 months (on deposits up to $250,000). No account keeping fees to pay. Multiple 2024 Mozo Experts Choice Award winner.

    Compare
    Go to site
    Details
  • Mozo Expert Choice Badge
    Savings Maximiser

    5.50% p.a. (for $0 to $100,000)

    0.55% p.a.(for $0 and over)

    Yes up to $250,000

    For customers who have an Orange Everyday account, deposit $1000 into a personal ING account, make 5 eligible transactions and grow their nominated Savings Maximiser account each month.

    Great variable rate every month when you grow your balance each month in addition to other eligibility criteria. No ING fees to pay. Save even more with ING Everyday Round Up. Mozo Experts Choice Awards Everyday & Savings Bank of the Year winner for 2024.^

    Compare
    Go to site
    Details
  • Reward Saver Account

    5.25% p.a. (for $0 to $1,000,000)

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

    Yes up to $250,000

    Intro bonus rate of 5.25% for balances up to $1,000,000 for the first 4 months, reverting to 3.25%. Minimum deposit of $50 and no withdrawals.

    Introductory bonus rate for balances up to $1,000,000 for the first 4 months. Minimum deposit of $50 and no withdrawals. Start your account online in under 10 minutes and earn interest on balances up to $1,000,000 (T&Cs apply). No monthly account fees, helping you save smarter and faster.

    Compare
    Go to site
    Details
  • Bonus Saver Account

    5.00% 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 Glide transaction account.

    Start saving and earn interest with just a $20 deposit and make 5 eligible transactions each month. No fees or penalties for withdrawing money.

    Compare
    Go to site
    Details
  • Mozo Expert Choice Badge
    High Interest Savings Account

    5.75% p.a. (for $0 to $250,001)

    4.40% p.a.(for $0 to $250,001)

    Yes up to $250,000

    Bonus rate for the first 4 months from account opening

    Reward yourself with a higher rate for your good savings habits with the Rabobank High Interest Savings Account. No Account keeping fees. No minimum balance. Support Aussie farmers with every dollar you save.

    Compare
    Go to site
    Details

^See information about the Mozo Experts Choice Savings Account Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

Today's savings account rates