Halifax offers ten savers £100k each in super Savers Prize Draws
Halifax has announced that it will be offering ten prizes of £100,000 in the May and June Halifax Savers Prize Draws in an effort to encourage savers to take advantage of their tax free ISA allowance.
Launched in October last year and designed to reward positive savings habits, the monthly Halifax Savers Prize Draw usually offers 3 cash prizes of £100,000 - along with 1,000 rewards of £100 and 100 rewards of £1000 - to registered savers, who must have balances of £5,000+ in one or more qualifying saving accounts in the range. However, in order to encourage savers to maximise their annual cash ISA allowance this year, Halifax is increasing the number of £100k prizes from three to 10 in the May and June draws.
Richard Fearon, Head of Halifax Savings, explains: "The Halifax Savers Prize Draw has already shaken up the savings market and is proving very popular with our customers. We have seen over 630,000 registrations since the draw was launched in October last year. With ISA season approaching, we want to really underline the importance of tax free savings and have therefore increased the number of prizes available for customers who choose to save with Halifax."
The cash prizes for the May and June super draws will, as per the usual format, be paid in addition to the interest already being paid on the individual's savings account. Savers can hold funds in accounts from across the savings range and will still continue to benefit from the interest rate on their account - the chance of a big prize is just a bonus.
The February Draw
Meanwhile, February's draw has been made, with the three big £100,000 winners coming from across the UK: London, Lancashire and Lanarkshire.
Areas reaping the highest monetary rewards in the February draw were: London (£112,600), Lancashire* (£110,700), Lanarkshire (£100,700), Essex (£11,300) and West Midlands (£11,000).
The luckiest areas, seeing the greatest number of prize winners, were: Lancashire (72), London (64), West Yorkshire, (60), Essex (50), and West Midlands (47).
Key Facts from Halifax Saver Prize Draws
The first monthly prize draw was held in December 2011
There have been 9 winners of the top prize of £100,000
Over 3,000 customers have scooped a prize of £1,000 or £100
With the exception of the May and June super draws, prizes each month are: three x £100,000, 100 x £1,000 and 1,000 x £100
Monthly draws take place in the first three working days of each month
All prizes awarded are in addition to any interest paid
Entry Criteria
Customers must hold an aggregate balance of £5,000 in one or more qualifying savings accounts
Customers must register to be entered into the draw
Customers must be 18 or over and be resident in England, Scotland or Wales
One entry per customer
Registration is quick and easy. Customers can register online at halifax.co.uk/saversprizedraw, by calling the dedicated phone line on 0844 571 50 76 or by completing a postal application available in branch.
The Halifax savings range includes the following accounts which are a selection of savings accounts that qualify for the Halifax Savers Prize Draw:
Cash ISAs
ISA Saver Fixed - (up to) 4.20%
ISA SaverOnline -2.60%
Other
Fixed Online Saver - (up to) 4.25%
Online Saver -2.80%