Halifax Saver Prize Draw - anyone won yet?

Options
12346

Comments

  • Kate01984
    Kate01984 Posts: 1 Newbie
    Options
    It’s not a fraud. I’d forgotten I was in the draw as I entered years ago. I won a life-changing amount of money this year. I’m so grateful. Don’t let your savings go below £5,000 when you are in the draw or you’ll be out. Good luck.
  • K2t
    K2t Posts: 14 Forumite
    Options
    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.
  • eskbanker
    eskbanker Posts: 31,076 Forumite
    First Anniversary Name Dropper Photogenic First Post
    Options
    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....
  • Paulbull
    Paulbull Posts: 1 Newbie
    First Anniversary
    Options
    Yes 100 pound
  • Lulibella
    Lulibella Posts: 6 Forumite
    edited 19 November 2019 at 8:55PM
    Options
    I think the conclusion is that once you’ve decided (with the help of your Poundland crystal ball) that you’re unlikely to win a random prize draw, nothing and nobody is going to change your mind. You’ll continue to doubt and question it’s validity.
    If you have a certain amount in certain accounts you get (as a perk) entered into a monthly draw. Hundreds of people are drawn every month. If you win, you celebrate. If you don’t, you forget about it. You shouldn’t and needn’t decide your investment choices on your chances of winning a random draw.
    Finally, thanks to all the people who tried valiantly to explain why there’s absolutely no comparison to Premium Bonds or Auntie Mabel’s church raffle.
  • ovusa
    ovusa Posts: 16 Forumite
    First Post First Anniversary
    Options
    Halifax prize draw - website frequently asked questions
    Can I see a list of winners?
    Yes, you can ask for a list of the winners for the last 6 months in any of our branches.

    Recently called in at my local branch and spoke to a member of staff, asked if I could see the list of winners. Received a blank look and was asked to repeat my question - she had no clue about the list and said she was only the assistant manager (!) She said she has never seen the list and would have to make enquiries and phone me. She never called me so I went in again and spoke to a different member of staff - I received the same blank look, she has never seen the list!
  • Fingerbobs
    Fingerbobs Posts: 1,641 Forumite
    First Anniversary First Post Name Dropper
    Options
    eskbanker wrote: »
    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 confess I keep £5k "saved" with the Halifax purely for the prize draw.
    It's handy that their Regular Saver account, which pays a half-decent 2% interest, qualifies for the draw, so it's possible to (indirectly) "drip-feed" from one of their pathetic easy-access savings accounts into the Regular Saver. Provided the combined balance on both accounts doesn't drop below £5k you remain eligible for the draw.
  • mrsbomb19
    mrsbomb19 Posts: 1 Newbie
    First Post
    Options
    A few years ago I had a letter come recorded delivery and it was from Halifax saying Id won a prize. I had to go into the bank for a meeting type thing to see what I’d won.  Ended up being £100 but better than nothing
  • McCabe71
    McCabe71 Posts: 1 Newbie
    First Post
    Options
    I have been registered for this prize draw for over 10 years, so my savings account has been eligible to take part in over 120 draws, and given that there are 1500 prizes of £100 each month, that means I have had 180,000 goes at winning the smallest prize in the past 10 or so years. I've never won a penny. Over a similar time period I have been putting money into Premium Bonds, and I have won the smallest prize available (£25) over a hundred times, I have also won £100 about four times, and £1000 once. Given that the odds of winning the Halifax draw are meant to be shorter, I am surprised never to have won anything at all in over ten years. It seems I am lucky with Premium Bonds, but profoundly unlucky with the Halifax draw. 
  • eskbanker
    eskbanker Posts: 31,076 Forumite
    First Anniversary Name Dropper Photogenic First Post
    edited 14 January 2021 at 2:13PM
    Options
    McCabe71 said:
    the odds of winning the Halifax draw are meant to be shorter
    What do you believe the Halifax odds to be, and where have you seen this quantified?

    McCabe71 said:
    I have been registered for this prize draw for over 10 years
    P.S. The first draw was in December 2011, i.e. nine years (plus a few weeks) ago!

    https://www.moneysavingexpert.com/news/2011/09/halifax-launches-premium-bond-style-savings-draw-is-it-any-good/
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608.1K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards