PrizeSaver Account

• It’s quick & easy to open a PrizeSaver Account using Nivo. Alternatively, download the Application Form below, complete & return to Penny Post, or contact our Customer Service Team who will post a form to you.
• 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

• 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.

• 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.

• Open to members over the age of 18 and residing in England, Scotland, or Wales.
• Due to Northern Ireland Regulations, members from Northern Ireland are unable to participate in PrizeSaver.
• Members must continue to save at least £2 weekly or £10 monthly in their Regular Shares account whilst saving in a PrizeSaver Account.
• You can only transfer funds to your PrizeSaver from an existing Penny Post account.
• You may only have one PrizeSaver account. If you open more than one PrizeSaver account or attempt to do so, you may be disqualified from entering into any prize draws.
• Savings in the PrizeSaver Account cannot be used as security against a loan.
• The total balance in all your Penny Post saving accounts cannot exceed £50,000.
• Full PrizeSaver terms and conditions available here.
• The PrizeSaver Privacy Policy can be viewed here.