PrizeSaver winner to use money towards a house deposit

This is the story of Gary, a member of Commsave Credit Union, who recently won £5,000 as part of the monthly PrizeSaver draw.

Gary was persuaded to open a PrizeSaver by his friends right in March 2020.

“My friends who also have PrizeSaver accounts, encouraged me to open my PrizeSaver account in March 2020, right before the lockdown began.

I though it was worth opening an account because even if I didn’t win, I thought the the dividend on the savings was much better than the bank’s offer.”

As credit unions are not-for-profit organisations, they can often provide a competitive annual dividend to savers (dependent on the their profits).

Finding out he had won £5,000

If you were receive a call to inform you that you have won £5,000, you are likely to be a little suspicious and this was certainly case for Commsave member, Gary.

“I was really emotional when I found out I had won the £5,000. Originally, I thought it was one of those phising texts, but when I saw the information in my email, I froze and got teary eyed and stared at my phone dumbfounded for about 30 minutes.”

Gary plans to use winnings towards a house deposit

We asked Gary how we planned to use his winnings and he had this to say: “I’m planning on putting my winnings towards a deposit on a house/flat.”

Credit unions can be a great way to reach your savings goals. If you are looking to save for a house deposit like Gary, saving with a credit union can be a great way to get started.

Learn more about the PrizeSaver

The PrizeSaver is a prize-linked savings account brought to you by various credit unions across the country. To learn more click here.