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

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

• Promoted

  Macquarie

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  Standard interest rate

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  Account fee per month

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  *Bonus variable rate is available for the first four months.

• Promoted

  Defence Bank

  Defence Bank

  iSaver

  Maximum rate

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  0.05% p.a.(for $0 to $1,000,000)

  Account fee per month

  $0.00

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  *Bonus rate for the first 3 months from account opening

• Promoted

  IMB Bank

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  Reward Saver Account

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  Standard interest rate

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

  Account fee per month

  $0.00

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  *Minimum deposit of $50 and no withdrawals. Reverts to bonus rate of 0.90% after the first 4 months.

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  Suncorp

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  Standard interest rate

  0.20% p.a.(for $0 and over)

  Account fee per month

  $0.00

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  *Grow your balance by $200 or more and make no more than one withdrawal in the month.

• Promoted

  MyState Bank

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  Bonus Saver Account

  Maximum rate

  2.00% p.a. (for $0 to $250,000)

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  0.30% p.a.(for $0 and over)

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  *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.