Skipton Building Society - The Members' Draw

GalacticaActual

Skipton have announced a members' draw each month, from 1st October 2026.

£50,000 is shared between eight members selected at random, including one £25,000 prize, two £10,000 prizes and five £1,000 prizes.

There are twelve Members' Draws and the first draw is 1st October 2026.

The longer your membership with Skipton, the more chances you have to win:

Length of continuous membership	Number of entries for each Members' Draw
Less than 2 years	1
2 years but less than 4 years	2
4 years but less than 8 years	3
8 years but less than 11 years	4
11 or more years	5

Details/T&C here:

https://www.skipton.co.uk/member-benefits/the-members-draw

Did a search but haven't seen it mentioned on the forum.

friolento

Nice one.

I wonder how they will work out the length of continuous membership. I've read the T&Cs but couldn't see it mentioned.

GalacticaActual

https://forums.moneysavingexpert.com/discussion/comment/82108530#Comment_82108530

Yes, I was wondering the same. It looks like continuous membership is based on the date you first became a Skipton member. In my case, that was ~December 2008, when my ISA funds were transferred from Icesave after the UK Government rescue.

Maegi

https://forums.moneysavingexpert.com/discussion/comment/82108530#Comment_82108530

The same way any Building Society does - the date of your first eligible account with the Building Society including any Building Society it's merged with (e.g. Scarborough Building Society)

Ms_Chocaholic

I wonder how many members they have.

GalacticaActual

https://forums.moneysavingexpert.com/discussion/comment/82108578#Comment_82108578

This was from their Annual Reports & Accounts 2025, dated 17 February 2026 and issued with the AGM Voting Pack:

Ms_Chocaholic

https://forums.moneysavingexpert.com/discussion/comment/82108584#Comment_82108584

Anyone better at maths than me care to work out the odds of winning depending on number of years membership.

happybagger

https://forums.moneysavingexpert.com/discussion/comment/82108591#Comment_82108591

no, because we don't know the number of members there are in each membership band

Ms_Chocaholic

https://forums.moneysavingexpert.com/discussion/comment/82108603#Comment_82108603

Ah of course, doh! haha.

friolento

https://forums.moneysavingexpert.com/discussion/comment/82108575#Comment_82108575

not every BS does it like that. YBS, for instance, will use your oldest active account. Do you know for certain what Skipton will use? What is your source for this information?

happybagger

Surely "length of continuous membership" is derived from the Building Societies Act, as a continuous period a member has held "a" share in the society. If a member has an account then opened another and closes the first, they have continuous membership.