Halifax launches ‘Super Draw' to encourage ISA Savings

Halifax has announced a Savers Prize Draw ‘Super Draw' to encourage savers to maximise their annual Cash ISA savings allowance.

The Draw will offer three top prizes of £250,000 and also award ten prizes of £5,000 in May, in addition to the 100 prizes of £1,000 and 1,000 prizes of £100 usually offered each month.
 
Once registered, Halifax Savers Prize Draw requires customers to hold at least £5,000 in a qualifying account for the whole of the month prior to a Draw in order to meet the entry criteria.
 
To enter the May ‘Super Draw', customers therefore need to have £5,000 in their savings for the whole of April, providing a timely incentive to savers who have not yet utilised their full 2012/2013 Cash ISA allowance of £5,640 to add to their tax free savings before the end of March.
 
Richard Fearon, Head of Halifax Savings, says: "We launched Savers Prize Draw as a way to encourage customers to achieve their savings goals and making the most of your tax free allowance is a great place to start.
 
"More people save tax free with Halifax than any other provider, but in the 2011/2012 tax year only 36% of our customers used their full Cash ISA allowance, with millions of people continuing to miss out on the full benefit of tax free saving they're entitled to."
 
Yesterday [3rd March 2013] Halifax increased the rate on a number of its tax free accounts, with the Three Year ISA Saver Fixed now offering a market leading rate of 3.00%.
 
Richard Fearon adds: "We know that Savers Prize Draw attracts new savers to Halifax and encourages customers to increase the amount they save. We not only want to reward savers with competitive rates, but also give them extra with initiatives like Savers Prize Draw."
 
Halifax Savers Prize Draw Winners near you?
 
Since December 2011 Halifax Savers Prize Draw has awarded more than 16,500 prizes to savers totalling over £9m and has received over 1.3 million customer entries.
 
Halifax is also making it even easier to find out about Savers Prize Draw winners. From tomorrow [5th March 2013] you will be able to request a full list of winners by email, and also find out how many winners live in your area using the new ‘Winners Near Me' website - halifax.co.uk/winnersnearme