Transave is a not-for-profit financial co-operative offering instant access savings and affordable loans direct from your pay.
Owned by our members not shareholders, Transave is a fairer, ethical alternative to both mainstream financial providers and payday and rent to own lenders.
We are one family, in which our members save in order to help their fellow members borrow.
The PrizeSaver account is available for Transave members over the age of 18 and residing in England, Scotland, or Wales.
Learn about the PrizeSaver and how to become a member of Transave below.
Will I earn a dividend on my PrizeSaver account?
Yes, your PrizeSaver account will earn the same dividend rates as your other Transave savings accounts.
Who is eligible to open a PrizeSaver account?
The PrizeSaver account is available for TransaveUK members over the age of 18 and residing in England, Scotland, or Wales.
Can I withdraw funds from my PrizeSaver account?
Yes, the account is instant access and funds can normally be withdrawn at any time; however this may not be possible if the total sum of your savings is less than the outstanding value of any Personal or Instant Loan you may have. Please note that you must keep £1 in the account to keep it open and be entered into the monthly draws.
What happens if I win one of the monthly prizes?
Once we are notified of the prize draw winners, we will contact you via email to let you know. If you win the grand prize of £5,000, we will contact you to find out where you want the funds paid.
Will my PrizeSaver account funds be held as security against any loan(s) I have?
The funds in this account cannot be used to contribute to a savings multiplier to apply for any loans.
When are the prizes drawn each month?
Prizes are drawn on the 15th of each month, or the next working day after. The prize draw is based on your PrizeSaver account balance on the final day of the previous month. e.g. if a draw is completed on 15th February, the draw will be based on your account balance on January 31st.
Do I pay into the account each week/month?
No, you do not pay into your PrizeSaver account every week or month. You can transfer up to £200 into your PrizeSaver account for 200 entries into the prize draw.
Open Now~08:00 - 16:00
- Monday08:00 - 16:00
- Tuesday08:00 - 16:00
- Wednesday08:00 - 16:00
- Thursday08:00 - 16:00
- Friday08:00 - 15:00
