Is Halifax “Instant Saver” a qualifying account for the Savers Prize Draw?

Fingerbobs

Last year, my Halifax Regular Saver matured and turned into an Everyday Saver. That account qualified for the Savers Prize Draw.

This year, the account turned into an Instant Saver. Apart from interest rates, I can’t find any information about this account on the Halifax web site - in particular whether or not it qualifies for the Prize Draw, and the letter they sent me to notify me of this change didn’t mention the Prize Draw.

Just wondering if this is shown on the web site somewhere I’ve missed, before I make an idiot of myself and phone them up to ask.

eskbanker

https://www.halifax.co.uk/savings/savers-prize-draw/ states simply that "All Halifax savings accounts and cash ISAs qualify, except accounts for kids" (although there's a more detailed explanation in the draw rules at https://static.halifax.co.uk/assets/pdf/savings/pdf/halifax-savers-prize-draw-rules.pdf) but likewise I can't see any actual product details for the Instant Saver account itself.

It was seemingly unavailable to new customers from 2010, so probably predated the requirement to publish a standardised product summary box but I'd have thought they'd be on thin ice to be using such an account for new (maturity) requirements without such product details being made freely available, even though there are some brief mentions in the overall Ts & Cs document at https://static.halifax.co.uk/assets/pdf/savings/pdf/savings-account-conditions.pdf....

Neil_Jones

The question re: Instant Saver and the prize draw was answered here in 2017:
https://forums.moneysavingexpert.com/discussion/5615788/halifax-instant-saver-qualify-for-prize-draw

It qualified then, and presumably still qualifies now. If it didn't then it would presumably say so in the T&Cs for the Draw.

However don't get your hopes up of winning anything on the Halifax Prize Draw, as the Telegraph said back in 2011:

https://www.telegraph.co.uk/finance/personalfinance/savings/8784967/Will-your-savings-account-win-you-100000.html wrote:

Halifax is giving away 13,000 prizes a year, worth a total of £6m. By contrast, NS & I gave away 21 million cash prizes last year [2010] via Premium Bonds – worth some £637m. For those with £5,000 in Premium Bonds, the odds of scooping a prize are [were?] almost one in five. If a million people join the Halifax draw the odds of winning any prize will be one in 917.

Fingerbobs

Answer (after much typing and putting me on hold for 2 minutes): Yes.