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Saving feels good, winning feels great! You can do both with a PrizeSaver account.

The government has launched a pilot initiative for credit unions to help people increase their financial resilience. The PrizeSaver account is a credit union savings account with monthly prizes.

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

Every pound you have in your account, up to £200, enters you into a monthly prize draw. There are 21 prizes up for grabs every single month, with a grand prize of £5,000!

Click here to download a copy of the PrizeSaver account terms and conditions:

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Click here to download a copy of the PrizeSaver account privacy notice:

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Saving feels good, winning feels great!



Will I earn a dividend on my PrizeSaver account?

Yes, your PrizeSaver account will earn the same dividend rates as your other Commsave savings accounts.

Can I withdraw funds from my PrizeSaver account?

Yes, the savings account is instant access and funds can be withdrawn at any time. Please note that you must keep £1 in the account to keep the account open and be entered into the monthly draws.

What happens if I win one of the monthly prizes?

Once we are notified of the prize draw winners, we will contact you via email to let you know. If you win the grand prize of £5,000, we will contact you to find out where you want the funds paid.

Will my PrizeSaver account funds be held as security against any loan(s) I have?

No, you are able to withdraw the funds in your PrizeSaver account if you have an outstanding loan balance. The funds in this account cannot be used to contribute to a savings multiplier to apply for any loans.

How can I close my PrizeSaver account?

Please click the "Apply now!" link below to close your PrizeSaver account.

How can I pay into my PrizeSaver account?

There are several ways you can pay in:

- Transfer money from one of your other savings accounts with us, by sending us a secure message through your online account, with how much you would like to transfer.

- Change your payroll deductions by logging into your account, clicking on "Loans and Services" and then filling in the 'Change your payroll deductions' form.

- Make a one-off transfer online. Contact us at hello@commsave.co.uk or call us on 0303 0402 660 for our bank details.

When are the prizes drawn each month?

Prizes are drawn on 15th of each month, or the next working day after. The prize draw is based on the previous month’s transactions e.g. if a draw is completed on 15th February, the draw will be based on transactions from January.

Apply now!

If you'd like to sign up for an account, simply fill in our application form and we'll get back to you

Apply now!