First Rate Credit Union exists to provide excellent financial service to their members, with products that are tailor made for their needs.
Formed in 1982, First Rate Credit Union is owned and run by current and retired employees of BAE Systems plc.
If you are a BAE systems UK employee you can become a member and start saving directly from your payroll.
The PrizeSaver account is open to anyone who also has a regular saver account with First Rate Credit Union. You can get started by clicking the button below.
How do I join in the prize draw?
The prize saver account is open to anyone who also has a regular saver account with First Rate Credit Union. If you are not already a member, you would need to join first.
How much can I win?
Every month there is one prize of £5,000, and 10 bonus prizes of £50 and 10 bonus prizes of £20.
What are my chances of winning?
The PrizeSaver account is exclusive to the 14 participating credit unions. In April 2021, there were 14,153 active accounts.
When does the monthly draw take place?
The prize draw will usually take place on the 15th of each month. If the 15th of the month falls on a weekend or bank holiday, the draw may take place on a different date.
Will I earn interest on my savings?
The return on a PrizeSaver account is the chance to win prizes. The savings in the account do not attract interest or dividends.
I already have a savings account with you. Will I go into the draw?
Existing members need to open a Prize Saver account and move money into it for a chance to win.
My savings account is already at its maximum. Can I put more money into this account?
The maximum savings cap of £20,000 per member still applies. You can transfer money between accounts though.
Closed Now!09:30 - 16:00
- Monday09:30 - 16:00
- Tuesday09:30 - 16:00
- Wednesday09:30 - 16:00
- Thursday09:30 - 16:00
- Friday09:30 - 16:00
