PrizeSaver Account

Saving feels good!

Winning feels great!

Savings earn a competitive annual dividend*

Saving feels good! Winning feels great!  Well, you can now do both with PrizeSaver, the credit union savings account with a chance to win £5,000 every month. 

Penny Post is pleased to join other credit unions across the UK to offer members the chance to win monthly cash prizes with PrizeSaver.  Every £1 in your PrizeSaver account, up to £200, enters you into the monthly prize draw to win £5,000!  (£1 is equivalent to 1 entry)

There are 21 prizes to win every month, with a main prize of £5,000, and twenty smaller prizes of no less than £20!

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

How to open a 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
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.

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.
Terms & Conditions
  • Open to members over the age of 18 and residing in England, Scotland, or Wales.
  • 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.
  • Effective from 1st March 2021, member deposits are restricted to a total of £1,000 per month across all Penny Post accounts.
  • 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.

PrizeSaver Account Application Form

To open a PrizeSaver account in addition to your other Penny Post saving accounts please download the Application Form below, complete & return to Penny Post, or contact our Customer Service Team who will post a form to you.

Online Banking

Manage your account, request withdrawals, apply for loans and so much more…

How much can I save?

Members deposits are limited to £1,000 each month, across all their Penny Post savings accounts. 

Savings Calculator

Use our savings calculator to see how much you could save

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