You can do both with a PrizeSaver. By opening an account with one of our participating credit unions, you can enter a prize draw every month.
Our prize pot is split into 21 monthly prizes up to £5,000!
You can hold between £1-£200 in as PrizeSaver account (£1 is equivalent to 1 entry), so the more you save the better your chances of winning. There are monthly prize draw of £5,000 with at least twenty smaller prizes of no less than £20.
The PrizeSaver account is exclusive to 17 participating credit unions. In April 2021, there were 14,153 active accounts.
Monthly prize draws take place between the 15th and 20th of each month. Winners are notified within two working days.
Savings held in UK credit unions are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000.
This limit applies to the total of all savings held with the Credit Union, not just the balance in a Prize Saver account. The Credit Union will give you the detail at the point of opening an account.
For more information about the FSCS visit www.fscs.org.uk
Simply contact a participating credit union to open your account.
To find out which ones you may be able to join use the handy search function at the top of this page
You can only have one PrizeSaver account. You won’t be able to open more than one PrizeSaver with another participating credit union.
Not all credit unions in the UK offer a PrizeSaver account. However, you may still be able to join another credit union and open a savings account.
Find your credit union: www.findyourcreditunion.co.uk
More than 2 million people in the UK are members of a credit union.
Credit unions provide a way for people to save regularly and access affordable credit, but, providing an ethical alternative to bank and building societies. Here’s what make them different:
Members of a credit union pool their savings to provide each other with loans at an affordable interest rate.
By becoming a member of a credit union, you are doing your bit to support the community you live in or work for.