A PrizeSaver savings account offers you the chance to win one of over 20 prizes each month – and we’re delighted that one of our members was a winner in August!
Every pound you save in the PrizeSaver account gets you an entry in the prize draw, up to £200 (200 entries) per month. There are 21 prizes up for grabs every single month, with a grand prize of £5,000 and twenty further prizes of not less than £20.
In August, the £5,000 prize was won by a member of Commsave Credit Union. One of our Credit Union members won one of the smaller prizes, along with members of the following credit unions:
- Commsave Credit Union
- Nottingham Credit Union
- Plane Saver Credit Union
- Serve and Protect Credit Union
The PrizeSaver scheme is part of a government-backed initiative involving 15 credit unions around the country. The aims of the scheme are to encourage saving and to get more people to join a credit union.
Credit Union Chief Executive Martin Groombridge said: “The chance of winning a prize each month certainly makes saving appealing! It’s a great way to kick start a savings habit, or if you’re just looking for somewhere new to put your savings, it’s an exciting option to consider.
“We realise it isn’t always easy to find the money to save, but putting away a small amount each month means you can soon build up a nest egg for unexpected bills, Christmas or a holiday, with the bonus of knowing you could be in with the chance of winning a cash prize.
“A number of our members have won prizes since the scheme began in November, and we’re sure more will soon – could it be you?”
Existing Credit Union members can open a PrizeSaver account using the form in the online forms section of the members’ secure area of our website. If you are not already a member, you will need to join first. To find out if you are eligible click here, and to apply for Credit Union membership click here.
You can start a regular savings plan from your salary or bank to your PrizeSaver account or you can make a lump sum deposit. You can save as little or as much as you like, though we recommend at least £20 a month or £5 a week. Savings with the Credit Union are covered by the Financial Services Compensation Scheme.
Click here to find out more about the Prize Saver account.
