Penny Post Credit Union is a not-for-profit financial co-operative owned by and run for its members. 

We offer an ethical alternative to other financial providers, offering a range of flexible savings and affordable loans straight from your pay.

Penny Post is pleased to join other credit unions across the UK to offer members the chance to win monthly cash prizes with PrizeSaver. 

The PrizeSaver account is available to members of Penny Post over the age of 18 and residing in England, Scotland, or Wales.

You can learn more about the PrizeSaver and how to join below.

Q How to open a PrizeSaver Account?

It’s quick & easy to open a PrizeSaver Account on our website.
You can open your PrizeSaver with as little as £1 by transferring funds from an existing Penny Post account.
You get up to 200 entries (£1 is equivalent to 1 entry) into the PrizeSaver draw each month

Q What are the benefits of a PrizeSaver account?

- Chance to win £5,000 every month!
- Withdraw funds whenever you wish – £1 minimum balance required to be entered into the monthly draws
- Savings earn an annual dividend*
- Manage your PrizeSaver account online

*Dividends are not guaranteed. The rate payable is dependent on financial performance and voted on by members at the Annual General Meeting.

Q Things you should know.

The PrizeSaver Account runs alongside a member’s Regular Savings Account and does not replace it.
You can only transfer funds to your PrizeSaver from an existing Penny Post account.

You can have a maximum of 200 entries (£1 is equivalent to 1 entry) into the draw each month. This maximum amount applies regardless of whether you have more than £200 in your PrizeSaver Account.

The prize draws take place between 15th – 19th of each month. Winners will be notified within 3 working days and the prize money will be credited to your Penny Post Regular Savings Account.
Like all Penny Post saving accounts, members’ money is protected by the Financial Services Compensation Scheme (FSCS) currently to the value of £85,000. For more information visit the FSCS website.

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