Yes, just like high street banks and building societies, the money you deposit into your credit union account, up to £85,000, is protected under the Financial Services Compensation Scheme (FSCS).
We will contact you via email or phone to let you know. If you win the top prize of £5,000 we will ask you which account you want the prize paid to. If you win one of the smaller prizes, we will deposit the prize directly into your Clockwise account.
Yes, PrizeSaver is an instant access savings account. You can withdraw money at any time using our website, mobile app or by phoning us. You must keep at least £1 in your account to be entered into the monthly prize draw.
You can pay cash or cheques directly into your account at one of our branches or community points. Payments can be made directly into your account via Faster Payment or you can set up a regular standing order from your bank account or have payments from wages or benefits paid directly into your account. We also have a number of employer partnerships enabling payroll membership where a regular amount is deducted from your wages/salary.
No, none at all.
You can access your account online, using our mobile app, by telephone or by visiting one of our branches or community points.
Yes, Clockwise may change the interest rate paid on PrizeSaver accounts from time to time. We will provide 30 days notices before any change.