Prize Saver

Prize Linked Savings - Your Chance to Win £5,000!

Save with Serve and Protect’s Prize Saver. Every pound you save boosts your chances of winning exciting prizes. Get started today to make saving both rewarding and fun!

Happy man using a tablet, celebrating prize-linked savings success.
FSCS logo - ensuring protection for depositors and investors in the UK.

What is a Prize Linked Savings Account?

A prize linked savings account combines steady savings with the thrill of winning prizes. By saving with our Prize Saver, your account will automatically be entered into a monthly prize draw. This makes saving not just financially secure, but also something to look forward to each month.

It’s straightforward and easy to manage. All you need to do is deposit funds and watch your balance grow for consistent chances to win. Plus, your savings are protected, so you can enjoy peace of mind as you build your financial future.

Why Choose Our Prize Linked Savings Account?

Take your savings to new heights with added excitement and potential rewards. Here’s why our Prize Saver could be the perfect choice for you:

Make Saving Fun

Turn saving money into a motivating adventure where surprise rewards make it more exciting to build healthy financial habits.

No Risks, Just Rewards

Your savings are always safe, and there’s no risk of losing money. The prize draw is simply a cheerful bonus!

Save Small, Dream Big

You can start with as little as £1 or save up to £200 while still keeping the door open to big prizes like £5,000.

Easy to Manage

Your Prize Saver is simple to open and maintain. Track your savings any time via our app, online banking, or friendly support team.

Safe and Secure Savings

Rest assured, your money is protected by the FSCS (Financial Services Compensation Scheme), covering up to £85,000.

Excited man cheering with hands raised, celebrating winning with Prize Saver.
Excited man cheering with hands raised, celebrating winning with Prize Saver.
Excited man cheering with hands raised, celebrating winning with Prize Saver.

Summary Box for the Prize Saver

Here’s a quick rundown of the key points about our Prize Saver, so you have everything you need to know before applying.

Account name

Prize Saver

What prizes are available?

Win £5,000 and at least 20 other prizes each month, no less than £20.

How do I open and manage my account?

To qualify, you must be:

  • A Serve and Protect member
  • 18 years or older

Steps to Open an Account:

  • Apply by completing this short form
  • Deposit a minimum of £1 to join the draw
  • You can deposit up to  £200

You can manage your account:

  • Through our app, online banking, or by contacting our team directly.

Can I withdraw money?

Yes! Withdrawing your money is quick and easy:

  • Access your funds online or by calling us
  • Transactions up to 2pm (Monday to Friday) are processed the same day. Later withdrawals are handled on the next working day.

To stay eligible for the draw, maintain a minimum balance of £1. 

Additional information

The Association of British Credit Unions Ltd facilitates the draw facility for Serve and Protect and other participating credit unions. Winners are selected randomly from all valid participants.

Are you ready to open our Prize Saver? Click here to get started.

Ready to Apply?

There’s no better time to make saving exciting. Open your Prize Saver account today, and you could be our next big winner.

Your Savings Are Safe

Feel secure knowing your savings are protected. With Serve and Protect, your funds are covered up to £85,000 by the Financial Services Compensation Scheme (FSCS). This means you can save with us confidently, knowing your money is in safe hands.

Understanding Important Terms

Financial terms shouldn’t feel overwhelming. Here’s a quick guide to help you understand the key savings-related terms used with your Prize Saver account:

Deposit

A deposit is when you add funds to your account to build savings and increase your chances in the monthly prize draw.

Prize Draw

A process where winners are randomly selected each month among eligible account holders.

Prize Linked Savings Account

A unique savings account designed with the added incentive of monthly prizes for making regular deposits.

Withdrawal

The act of removing funds from a savings account, reducing the total balance.

Confused by financial jargon? Visit our Jargon Buster for more helpful explanations.

Good Luck Awaits

Prize draws take place between the 15th and 20th of each month, with winners contacted directly. Will you be our next big winner?