The Make Me A Saver account, which launched in January this year, acts as an easy-to-access account but also offers a monthly raffle for 10 account holders to win £1,500 each. The Yorkshire Building Society says the account aims to encourage regular savers. In order to be eligible for the draw, Britons must deposit between £50 and £150 each month to be eligible for the following month’s draw. This means £1,800 could potentially be saved over 12 months.
However, the account can be opened with just £1.
The saver is informed that he will not be entered into the draw for the same calendar month during which he opens his account.
The first draw was made in March 2022 and will be done monthly until the last on January 3, 2022.
The monthly draw is scheduled for the third of each month, but will take place on the next business day if it falls on a weekend or holiday.
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During the year, the British were able to participate in 11 monthly draws.
Sweepstakes winners will be notified within 30 days of the draw.
The Make Me A Saver account combines unique elements of instant access accounts, regular saver accounts and premium bonds.
The raffle works similarly to Premium Bonds in that all eligible accounts will be entered and the winners will be chosen at random via an automated computer process.
DO NOT MISS
The Make me a Saver account can also be managed online, but people will need to register to do so.
Launching the account, Chris Irwin, Director of Savings at the Yorkshire Building Society, said: “Now more than ever, with current and potential future economic uncertainty, it is important that people try to build resilience. financial where they can and for us. as a society to help people save.
“We want to continue to help people establish a healthy savings pot and improve their financial well-being and try to promote a savings-first culture to help people put money aside that will help build a nest egg.
