Halifax Saver Prize Draw - anyone won yet?

moneyfoolish

eskbanker said:

K2t wrote: »

Hi, if I already have over the required amount sitting in a Halifax account , are there any negatives to signing up with the prize draw? Is my money safe etc? Many thanks.

The money is safe in the sense that if it's in a Halifax savings account then it's covered by FSCS protection.

However, a sizable negative is the fact that Halifax's interest rates on savings accounts are derisory and easily beaten elsewhere....

I'm in the draw through having a Bank of Scotland Vantage account which pays a  relatively reasonable rate of 0.6% for a current account. However, like many others I've been in the draw for many years and never won anything.

eskbanker

moneyfoolish said:

eskbanker said:

K2t wrote: »

Hi, if I already have over the required amount sitting in a Halifax account , are there any negatives to signing up with the prize draw? Is my money safe etc? Many thanks.

The money is safe in the sense that if it's in a Halifax savings account then it's covered by FSCS protection.

However, a sizable negative is the fact that Halifax's interest rates on savings accounts are derisory and easily beaten elsewhere....

I'm in the draw through having a Bank of Scotland Vantage account which pays a  relatively reasonable rate of 0.6% for a current account. However, like many others I've been in the draw for many years and never won anything.

My comment about derisory rates on savings accounts was made a year and a half ago, and didn't relate to current accounts in any case!  Halifax also give the impression that it's only savings accounts that qualify, rather than current accounts - I can't see any mention of Vantage or other current accounts at https://www.halifax.co.uk/savings/savers-prize-draw.html or the linked rules page, or the BOS Vantage page?

All Halifax savings accounts and cash ISAs qualify, except accounts for kids. Most Bank of Scotland branded personal retail savings accounts also qualify. Please see the rules (PDF) for more details.

Edit: https://www.bankofscotland.co.uk/savings/savers-prize-draw/faqs.html#section-0-item3 specifically states:

4. Does money in a current account count towards the £5,000 savings balance requirement?

No, any balances held in current accounts will not be counted towards the £5,000 savings balance requirement.

nbrewitt

My Mum won £100 a couple of years ago

eskbanker

nbrewitt said:

My Mum won £25 a couple of years ago

Just like a poster from earlier in the thread?

PeacefulWaters said:

realaledrinker wrote: »

My son won £25 a few years ago.

When £100 has been the smallest prize? Impressive!

moneyfoolish

eskbanker said:

moneyfoolish said:

eskbanker said:

K2t wrote: »

Hi, if I already have over the required amount sitting in a Halifax account , are there any negatives to signing up with the prize draw? Is my money safe etc? Many thanks.

The money is safe in the sense that if it's in a Halifax savings account then it's covered by FSCS protection.

However, a sizable negative is the fact that Halifax's interest rates on savings accounts are derisory and easily beaten elsewhere....

I'm in the draw through having a Bank of Scotland Vantage account which pays a  relatively reasonable rate of 0.6% for a current account. However, like many others I've been in the draw for many years and never won anything.

My comment about derisory rates on savings accounts was made a year and a half ago, and didn't relate to current accounts in any case!  Halifax also give the impression that it's only savings accounts that qualify, rather than current accounts - I can't see any mention of Vantage or other current accounts at https://www.halifax.co.uk/savings/savers-prize-draw.html or the linked rules page, or the BOS Vantage page?

All Halifax savings accounts and cash ISAs qualify, except accounts for kids. Most Bank of Scotland branded personal retail savings accounts also qualify. Please see the rules (PDF) for more details.

Edit: https://www.bankofscotland.co.uk/savings/savers-prize-draw/faqs.html#section-0-item3 specifically states:

4. Does money in a current account count towards the £5,000 savings balance requirement?

No, any balances held in current accounts will not be counted towards the £5,000 savings balance requirement.

Well they told me I'm in the draw and I never keep any more than a coule of hundred pounds in my Halifax current account and have no savings accounts.

moneyfoolish

moneyfoolish said:

eskbanker said:

moneyfoolish said:

eskbanker said:

K2t wrote: »

Hi, if I already have over the required amount sitting in a Halifax account , are there any negatives to signing up with the prize draw? Is my money safe etc? Many thanks.

The money is safe in the sense that if it's in a Halifax savings account then it's covered by FSCS protection.

However, a sizable negative is the fact that Halifax's interest rates on savings accounts are derisory and easily beaten elsewhere....

I'm in the draw through having a Bank of Scotland Vantage account which pays a  relatively reasonable rate of 0.6% for a current account. However, like many others I've been in the draw for many years and never won anything.

My comment about derisory rates on savings accounts was made a year and a half ago, and didn't relate to current accounts in any case!  Halifax also give the impression that it's only savings accounts that qualify, rather than current accounts - I can't see any mention of Vantage or other current accounts at https://www.halifax.co.uk/savings/savers-prize-draw.html or the linked rules page, or the BOS Vantage page?

All Halifax savings accounts and cash ISAs qualify, except accounts for kids. Most Bank of Scotland branded personal retail savings accounts also qualify. Please see the rules (PDF) for more details.

Edit: https://www.bankofscotland.co.uk/savings/savers-prize-draw/faqs.html#section-0-item3 specifically states:

4. Does money in a current account count towards the £5,000 savings balance requirement?

No, any balances held in current accounts will not be counted towards the £5,000 savings balance requirement.

Well they told me I'm in the draw and I never keep any more than a coule of hundred pounds in my Halifax current account and have no savings accounts.

I reckon your correct and they were actually telling me that I had registered so it's not surprising that I haven't won any prizes!!!!

GalacticaActual

Apparently there will be a Savers Superdraw in June to celebrate 10 years of the Halifax Savers Prize Draw.

June Superdraw

In June, we’re giving away an extra £800,000, compared to the monthly Savers Prize Draw.

• 10 winners of £100,000 (an additional 7 prizes)
• 10 winners of £10,000 (one-off additional 10 prizes)
• 100 winners of £1,000 (stays the same)
• 1,500 winners of £100 (stays the same)

Normal monthly prize draws:

• 3 winners of £100,000
• 100 winners of £1,000
• 1,500 winners of £100

Halifax UK | Halifax Savers Prize Draw | Savings

susie_potter

Got a letter from Halifax and a cheque for £100 this morning. Husband and I are just hoping for the £100k next time...

GalacticaActual

That’s good to know. Congratulations on your win  😃