Every £1 in your PrizeSaver account gives you 1 entry into the monthly prize draw (up to £200). You are automatically entered into the draw every month. The maximum number of entries for each person is 200, equal to £200 in savings.
The number of entries you have in each month’s draw will be based on your PrizeSaver account balance on the last day of the previous month (up to 200 entries). For example, your entries into the February draw will be determined by the balance in your account on the last day in January.
Every month one lucky winner from a participating community bank or credit union wins £5,000, 10 people win £50 and 10 people win £20.
The PrizeSaver draw is made between all eligible members across all participating credit unions and community banks in the UK. For example, in April 2021, there were 14,153 active accounts.
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.