Our PrizeSaver account is not only the perfect home for your savings, but you could be in with the chance of a monthly cash prize too!
Household budgets are squeezed for many of us these days, so putting money in a savings account might be the last thing on your mind. However, now is probably as important a time as any to have a small pot of money to fall back on in the event of an emergency. Our PrizeSaver account could provide the perfect solution!
Every pound you save in your PrizeSaver account enters you into a monthly prize draw (up to 200 entries per month). There are 21 prizes up for grabs every single month, with a grand prize of £5,000, 10 prizes of £50 and a further 10 prizes of not less than £20.
Existing members of the Credit Union can open a PrizeSaver account by completing the form on our website. If you’re not already a member, click here to find out if you’re eligible and to join the Credit Union.
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, but we recommend at least £20 a month or £5 a week.
Credit Union Chief Executive Martin Groombridge said: “We know it’s not always easy to find the money to save, but this great scheme has the added incentive of winning a prize. Having a pot of savings for a rainy day is more important than ever and putting just a few pounds away each week could make a huge difference in future. With the chance of winning £5,000 each month too, what’s not to like?”
The PrizeSaver scheme was launched by the Government in 2019 to encourage people to save. 14 credit unions across Britain are involved in the scheme and over 14,000 PrizeSaver accounts have been opened, with credit union members saving more than £1 million.
London Capital Credit Union members regularly win prizes in the draw – see the latest winners on our website. For more information about the scheme, including case studies, visit the PrizeSaver website.
Click here to open your PrizeSaver account today!