Halifax raffle could rake in £100,000 for savers this month – Are you eligible? | Personal finance | Finance

Similar to Premium Bonds, the Halifax Monthly Draw is available to savers with more than £5,000 set aside in the big bank. It is estimated that 1,600 customers could win between £100 and £100,000 this month.

The Savers Prize draw has seen Halifax offer more than £75m in prizes since 2011.

To be eligible for the draw, savers must:

  • Have £5,000 or more in savings with qualifying accounts
  • Be 18 years or older
  • Live in England, Wales or Scotland
  • Register for the raffle.

Savers will need to hold a minimum of £5,000 for an entire calendar month to enter the following month’s raffle.

The £5,000 can be combined across multiple qualifying accounts or held in a single Halifax savings account.

In addition, select Bank of Scotland-branded personal retail savings accounts are also eligible for the raffle.

Savers can enter the draw even if they haven’t saved the £5,000 yet.

DO NOT MISS :

Savers need only register once and will be automatically entered into each subsequent monthly draw in which they qualify.

Unlike premium bonds, savers competing in the Halifax draw will still benefit even if they don’t win.

Because the savings are in traditional savings accounts, they earn interest regardless of the results of the draw.

Conversely, Premium Bonds offer a bigger jackpot of £1m, but no interest on the savings held in the Bonds.

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