Nationwide Prize Draw Account • BestCompetition.co.uk

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“Open a Nationwide Prize Draw Account and increase your chances of winning big!”

Introduction

The Nationwide Prize Draw Account is a financial savings account offered by Nationwide Building Society in the UK. It is designed to encourage customers to save cash by offering them the probability to win money prizes each month. The account is open to each new and current customers, and there isn’t a minimum deposit required to open the account. Customers can earn one entry into the prize draw for each £100 they save in the account, as much as a maximum of 15 entries monthly. The prizes range from £100 to £100,000, and there are over 8,000 winners each month.

Benefits of opening a Nationwide Prize Draw Account

Are you looking for a fun and exciting way to save cash? Look no additional than the Nationwide Prize Draw Account! This account not only helps you get monetary savings, but it additionally gives you the probability to win big prizes each month.

One of the biggest advantages of opening a Nationwide Prize Draw Account is the probability to win money prizes. Every month, Nationwide gives away over 8,000 prizes, starting from £5 to £100,000. That’s right – you might win a life-altering amount of cash simply by saving with Nationwide.

But the advantages don’t cease there. The Nationwide Prize Draw Account additionally offers aggressive curiosity rates, so your cash will develop even sooner. Plus, there are not any monthly fees or minimum balance necessities, so you can save as a lot or as little as you need with out worrying about extra expenses.

Another nice feature of the Nationwide Prize Draw Account is the flexibility it offers. You can arrange regular payments into the account, or make one-off deposits at any time when you have extra money to spare. And if you must withdraw cash, you can achieve this with out penalty – though keep in mind that this could have an effect on your chances of winning a prize in the monthly draw.

But maybe the smartest thing about the Nationwide Prize Draw Account is the peace of mind it provides. Nationwide is a trusted and dependable financial establishment, so you can relaxation assured that your cash is safe and secure. And with the added bonus of the prize draw, you’ll really feel motivated to keep saving and building your nest egg.

So how do you enter the prize draw? It’s simple – for each £100 you save in your Nationwide Prize Draw Account, you’ll earn one entry into the monthly draw. The more you save, the more chances you should win. And even when you don’t win a prize one month, your entries will roll over to the next month, giving you even more chances to win.

Of course, it’s important to keep in mind that the Nationwide Prize Draw Account isn’t a assured way to win cash. It’s nonetheless important to save lots of responsibly and make sure you have a stable financial plan in place. But if you’re looking for a fun and exciting way to save cash, the Nationwide Prize Draw Account is unquestionably value contemplating.

In conclusion, the Nationwide Prize Draw Account offers a range of advantages for savers. From the probability to win money prizes to aggressive curiosity rates and versatile deposit options, this account is a nice way to construct your financial savings whereas having fun. And with the peace of mind that comes from banking with a trusted establishment like Nationwide, you can really feel assured that your cash is in good hands. So why not open a Nationwide Prize Draw Account today and start saving to your future? Who is aware of – you might be the next big winner!

How to open a Nationwide Prize Draw Account

Opening a Nationwide Prize Draw Account is easy and will be done online or in particular person at a Nationwide department. To open an account, you will must provide some fundamental private info, equivalent to your name, handle, and date of beginning. You will additionally must provide proof of id, equivalent to a passport or driver’s license.

Once your account is open, you will must deposit no less than £100 to be eligible for the prize draw. You can deposit cash into your account via bank switch, standing order, or by visiting a Nationwide department.

One of the nice issues about the Nationwide Prize Draw Account is that there are not any fees or expenses associated with the account. This signifies that you can get monetary savings with out worrying about any hidden costs.

So, how does the prize draw work? Every month, Nationwide will randomly choose 8,008 winners from all eligible accounts. The prizes range from £5 to £100,000, with a total prize fund of £1 million every month. The more cash you have in your account, the more entries you will have in the prize draw. For instance, if you have £1,000 in your account, you will have 10 entries in the prize draw.

Winners will be notified by submit or email and the prize cash will be credited to their account inside 14 days. If you are lucky sufficient to win a prize, you can select to keep the cash in your account or withdraw it.

It’s important to note that the Nationwide Prize Draw Account isn’t a financial savings account and does not pay curiosity. However, the probability to win big prizes every month is a nice incentive to save cash.

If you resolve that the Nationwide Prize Draw Account isn’t for you, you can close your account at any time with out penalty. Any cash in your account will be returned to you.

In conclusion, the Nationwide Prize Draw Account is a fun and exciting way to save cash. With the probability to win big prizes every month, it’s a nice incentive to save lots of. Opening an account is easy and there are not any fees or expenses associated with the account. So why not give it a try and see if you will be one of the lucky winners?

Eligibility necessities for a Nationwide Prize Draw Account

Are you looking for a probability to win big? Look no additional than the Nationwide Prize Draw Account. This account offers customers the alternative to win money prizes each month, simply by holding a balance of £5,000 or more in their account. But before you rush to sign up, it’s important to grasp the eligibility necessities for this exciting account.

First and foremost, you have to be a UK resident aged 18 or over to open a Nationwide Prize Draw Account. Additionally, you have to be a Nationwide member with a current account, financial savings account, or mortgage. If you’re not already a member, don’t fear – it’s easy to join online or in-department.

Once you’ve confirmed your eligibility as a Nationwide member, you’ll want to satisfy the minimum balance requirement of £5,000 in your Prize Draw Account. This balance will be made up of deposits out of your current or financial savings account, or from an exterior supply equivalent to a switch from another bank. It’s important to note that the balance have to be maintained all through the month in order to be eligible for that month’s prize draw.

If you’re frightened about tying up £5,000 in a Prize Draw Account, don’t be. This account offers the similar curiosity rate as Nationwide’s different financial savings accounts, so you won’t be sacrificing earnings for the probability to win a prize. Plus, with the potential to win as much as £100,000 in the monthly prize draw, the rewards can far outweigh the preliminary funding.

It’s additionally value noting that there’s a restrict of one Prize Draw Account per particular person. If you’re a joint account holder, each parties can open their own Prize Draw Account as long as they meet the eligibility necessities individually.

Finally, it’s important to grasp the terms and conditions of the Nationwide Prize Draw Account. The account is topic to a monthly prize draw, with winners chosen at random. The prize fund for every draw is 1% of the total balance held in all Prize Draw Accounts, as much as a maximum of £1 million. Winners will be notified by phone or email inside 7 days of the draw, and the prize cash will be credited to their Prize Draw Account inside 14 days.

In the occasion that you close your Prize Draw Account before the finish of the month, you will not be eligible for that month’s prize draw. Additionally, in case your balance falls under £5,000 at any level throughout the month, you will not be eligible for that month’s prize draw.

Overall, the Nationwide Prize Draw Account offers an exciting alternative for customers to doubtlessly win big whereas nonetheless incomes curiosity on their financial savings. As long as you meet the eligibility necessities and perceive the terms and conditions, this account might be a welcome boost to your financial portfolio. So why not give it a try and see if you’re the next lucky winner?

How the Nationwide Prize Draw works

Nationwide Building Society is one of the largest financial establishments in the UK, with over 15 million members. One of the advantages of being a member is the probability to win big with the Nationwide Prize Draw.

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So, how does the Nationwide Prize Draw work? Every month, Nationwide gives away a total of £1 million in prizes to its members. The prizes range from £5 to £100,000, and there are over 8,000 winners every month.

To be eligible for the prize draw, you must have a qualifying account with Nationwide. This consists of current accounts, financial savings accounts, and mortgages. The more qualifying accounts you have, the more entries you get into the prize draw.

For instance, if you have one qualifying account, you get one entry into the prize draw. If you have two qualifying accounts, you get two entries, and so on. There is not any restrict to the quantity of entries you can have, so the more accounts you have with Nationwide, the better your chances of winning.

The prize draw takes place on the twenty first of every month, and the winners are notified by email or submit inside seven days. The prize cash is paid immediately into the winner’s account, so there’s no must claim your prize.

One of the nice issues about the Nationwide Prize Draw is that it’s completely free to enter. You don’t must do something special to be in with a probability of winning – simply make sure you have a qualifying account with Nationwide.

Another profit of the prize draw is that it’s open to all Nationwide members, regardless of how a lot cash they’ve in their accounts. Whether you have a few pounds or a few thousand pounds, you have the similar probability of winning as everybody else.

The Nationwide Prize Draw can be a nice way to encourage people to save lots of. By having a number of qualifying accounts, you not only enhance your chances of winning, but you even have more opportunities to save cash. For instance, if you have a current account and a financial savings account with Nationwide, you can arrange a regular switch out of your current account to your financial savings account every month. This will assist you construct up your financial savings over time, and you’ll have two entries into the prize draw every month.

In conclusion, the Nationwide Prize Draw is a fantastic alternative for Nationwide members to win big. With over £1 million in prizes given away every month, and over 8,000 winners, it’s positively value having a qualifying account with Nationwide. And with no value to enter, and no restrict to the quantity of entries you can have, there’s no cause not to participate. So why not sign up for a qualifying account today and see if you will be one of the lucky winners?

Odds of winning with a Nationwide Prize Draw Account

Nationwide Prize Draw Account

Are you looking for a way to doubtlessly win big whereas additionally saving cash? Look no additional than the Nationwide Prize Draw Account. This account offers customers the probability to win money prizes each month, simply by holding a certain amount of cash in their account.

So, what are the odds of winning with a Nationwide Prize Draw Account? Let’s break it down.

First, it’s important to note that the amount of cash you have in your account immediately impacts your chances of winning. For each £100 you have in your account, you’ll receive one entry into the prize draw. So, if you have £1,000 in your account, you’ll have 10 entries into the draw.

Next, let’s have a look at the actual odds of winning. Nationwide states that there are over 8,000 prizes given away every month, with a total value of over £1 million. This consists of one top prize of £100,000, as well as a number of smaller prizes starting from £5 to £10,000.

Based on these numbers, the odds of winning the top prize with one entry are roughly 1 in 7.8 million. However, it’s important to keep in mind that the more entries you have, the larger your chances of winning. For instance, if you have 10 entries, your odds of winning the top prize enhance to roughly 1 in 780,000.

Of course, winning the top prize is a long shot. But there are nonetheless loads of different prizes to be won. The odds of winning a smaller prize with one entry are a lot larger, at roughly 1 in 1,000. With 10 entries, your odds enhance to roughly 1 in 100.

It’s additionally value noting that the odds of winning with a Nationwide Prize Draw Account are literally better than another popular lotteries. For instance, the odds of winning the UK National Prize Draw jackpot are roughly 1 in 45 million.

So, whereas winning the top prize with a Nationwide Prize Draw Account could also be unlikely, there are nonetheless loads of causes to think about opening one. Not only do you have the probability to win money prizes each month, but you’ll even be incomes curiosity in your financial savings. Plus, there are not any fees or expenses associated with the account.

It’s additionally value mentioning that the Nationwide Prize Draw Account is open to all customers, regardless of their credit rating or financial historical past. This makes it a nice option for many who could not qualify for different sorts of financial savings accounts or lotteries.

In conclusion, the odds of winning with a Nationwide Prize Draw Account is probably not as high as another lotteries, but they’re nonetheless value contemplating. With over 8,000 prizes given away every month and no fees or expenses, it’s a nice way to doubtlessly win big whereas additionally saving cash. And who is aware of – you may be the lucky winner of the £100,000 top prize.

How to extend your chances of winning with a Nationwide Prize Draw Account

Are you drained of getting into numerous prize draws and by no means winning something? Well, Nationwide has a answer for you! With their Prize Draw Account, you can enhance your chances of winning big prizes each month.

So, how does it work? It’s simple. For each £100 you have in your account, you will receive one entry into the prize draw. The more cash you have in your account, the more entries you will receive. And the better part? There is not any restrict to the quantity of entries you can have.

But what kind of prizes can you win? Nationwide offers a variety of prizes each month, starting from money prizes to luxury holidays. And with over 8,000 winners each month, your chances of winning are larger than you may assume.

But how can you enhance your chances of winning even more? Here are some tips:

1. Save more cash in your account

As talked about earlier, the more cash you have in your account, the more entries you will receive. So, if you need to enhance your chances of winning, try to save lots of as a lot cash as attainable in your Prize Draw Account.

2. Set up a regular financial savings plan

If you discover it difficult to save cash, think about organising a regular financial savings plan. This way, a certain amount of cash will be robotically transferred out of your current account to your Prize Draw Account each month. Not only will this assist you get monetary savings, but it will additionally enhance your chances of winning.

3. Keep your account active

To be eligible for the prize draw, you must have an active account. This signifies that you want to make use of your account commonly, whether or not it’s for making deposits or withdrawals. So, make sure you keep your account active to make sure that you don’t miss out on any chances to win.

4. Refer your pals and family

Did you know that you can earn extra entries into the prize draw by referring your pals and family to Nationwide? For each particular person you refer who opens a Prize Draw Account, you will receive an extra entry into the draw. So, unfold the phrase and enhance your chances of winning even more.

In conclusion, if you need to enhance your chances of winning big prizes each month, think about opening a Nationwide Prize Draw Account. With a little bit of effort and some sensible saving methods, you might be one of the 1000’s of winners each month. So, what are you waiting for? Start saving and start winning!

Frequently requested questions about Nationwide Prize Draw Account

Nationwide Prize Draw Account: Frequently Asked Questions

Nationwide Building Society has launched a new financial savings account that offers customers the probability to win money prizes each month. The Nationwide Prize Draw Account is a unique financial savings account that gives customers the alternative to win as much as £100,000 in money prizes each month. Here are some continuously requested questions about the account.

What is the Nationwide Prize Draw Account?

The Nationwide Prize Draw Account is a financial savings account that offers customers the probability to win money prizes each month. Customers can open the account with as little as £100 and will be entered into a monthly prize draw for each £100 they save. The more cash you save, the more chances you should win.

How does the prize draw work?

Every month, Nationwide will maintain a prize draw and randomly choose winners from all eligible entries. The quantity of winners and the amount of the prizes will differ every month, but there will always be no less than one winner of £100,000. The winners will be notified by submit or email inside 14 days of the draw.

Who is eligible to enter the prize draw?

To be eligible for the prize draw, you have to be a UK resident aged 18 or over and have a Nationwide Prize Draw Account. You should even have no less than £100 in your account at the time of the draw. Joint account holders will be entered into the draw individually, so every particular person will have their own probability to win.

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Is there a restrict to how a lot I can save?

There is not any restrict to how a lot you can save in your Nationwide Prize Draw Account, but there’s a restrict to how many entries you can have in every monthly draw. For each £100 you save, you will receive one entry into the draw, as much as a maximum of 10 entries monthly.

Are there any fees or expenses for the account?

There are not any fees or expenses for opening or sustaining a Nationwide Prize Draw Account. However, if you withdraw cash from the account, you will lose any entries you have in the current month’s draw. You can nonetheless withdraw cash from the account at any time, but you will want to attend until the next month to be eligible for the prize draw once more.

How do I open a Nationwide Prize Draw Account?

You can open a Nationwide Prize Draw Account online, in department, or over the phone. You will must provide some private info, equivalent to your name, handle, and date of beginning, as well as your National Insurance quantity. You will additionally must make an preliminary deposit of no less than £100 to open the account.

Is the Nationwide Prize Draw Account a good financial savings option?

The Nationwide Prize Draw Account is a unique financial savings account that offers customers the probability to win money prizes each month. While there isn’t a assure that you will win a prize, the account does provide a fun and exciting way to save cash. Plus, with no fees or expenses, it is a low-risk financial savings option that would pay off big if you are lucky sufficient to win.

In conclusion, the Nationwide Prize Draw Account is a financial savings account that offers customers the probability to win money prizes each month. It is open to UK residents aged 18 or over and will be opened with as little as £100. While there isn’t a assure that you will win a prize, the account offers a fun and exciting way to save cash with no fees or expenses. If you are looking for a low-risk financial savings option that would pay off big, the Nationwide Prize Draw Account is unquestionably value contemplating.

Tips for managing your Nationwide Prize Draw Account

Nationwide Prize Draw Account

If you’re a Nationwide buyer, you could have heard of the Nationwide Prize Draw Account. This account gives you the probability to win money prizes each month, only for holding your cash in the account. But how can you make the most of this account? Here are some tips for managing your Nationwide Prize Draw Account.

Firstly, make sure you’re eligible to enter the prize draw. To be eligible, you must be a UK resident aged 18 or over, and you want to carry a Nationwide current account or financial savings account. You additionally must have no less than £100 in your Prize Draw Account at the finish of every month to be entered into the draw. If you meet these standards, you’re robotically entered into the prize draw each month.

Next, think about how a lot cash you need to keep in your Prize Draw Account. The more cash you have in the account, the more entries you’ll have in the prize draw, and the larger your chances of winning. However, you must also think about whether or not you want access to this cash in the quick time period. If you’re saving for a specific objective, equivalent to a vacation or a new car, you could need to keep some of your cash in a separate financial savings account that you can access more easily.

Another tip is to arrange a regular payment into your Prize Draw Account. This might be a standing order out of your current account, or a direct debit from another account. By organising a regular payment, you’ll make sure that you always have no less than £100 in your Prize Draw Account at the finish of every month, and you’ll enhance your chances of winning.

You must also check your account commonly to make sure you’re nonetheless eligible for the prize draw. If your balance falls under £100 at the finish of a month, you won’t be entered into the draw for that month. You must also make sure that your account details are as much as date, in order that Nationwide can contact you if you win a prize.

Finally, keep in mind that the Nationwide Prize Draw Account is only one way to save lots of and doubtlessly win cash. You must also think about different financial savings accounts and investments that will provide larger curiosity rates or better returns. However, the Prize Draw Account will be a fun and easy way to save lots of, and you by no means know – you might be one of the lucky winners.

In conclusion, the Nationwide Prize Draw Account is a nice way to doubtlessly win money prizes each month. By following these tips, you can make the most of your account and enhance your chances of winning. Remember to check your eligibility, think about your balance, arrange a regular payment, check your account commonly, and discover different financial savings options. Good luck!

How to withdraw funds from a Nationwide Prize Draw Account

Nationwide Prize Draw Account

Nationwide Building Society is a British financial establishment that offers a range of banking and financial services to its customers. One of the services that Nationwide offers is the Prize Draw Account, which gives customers the probability to win money prizes each month. If you are a Nationwide buyer with a Prize Draw Account, you could also be questioning how to withdraw funds out of your account. In this article, we will information you by way of the process of withdrawing funds out of your Nationwide Prize Draw Account.

Firstly, it is important to note that the Prize Draw Account isn’t a conventional financial savings account. Instead, it is a current account that offers the probability to win money prizes. As such, you can withdraw funds out of your Prize Draw Account in the similar way that you would withdraw funds from a regular current account.

To withdraw funds out of your Nationwide Prize Draw Account, you can use any of the following strategies:

1. ATM withdrawals

You can withdraw money out of your Prize Draw Account utilizing any Nationwide ATM or any different ATM that shows the Visa or Mastercard logo. Simply insert your debit card into the ATM, enter your PIN, and choose the amount you want to withdraw. The funds will be deducted out of your account instantly, and you will receive a receipt for the transaction.

2. Online banking

If you have registered for Nationwide’s online banking service, you can withdraw funds out of your Prize Draw Account by logging into your account and deciding on the ‘Withdraw’ option. You will must enter the amount you want to withdraw and verify the transaction utilizing your online banking password or security code.

3. Telephone banking

If you choose to talk to a buyer service consultant, you can withdraw funds out of your Prize Draw Account by calling Nationwide’s phone banking service. You will must provide your account details and reply security questions to verify your id. Once your id has been verified, you can request a withdrawal and the funds will be transferred to your nominated account.

4. Branch withdrawals

If you choose to withdraw funds in particular person, you can visit any Nationwide department and request a withdrawal out of your Prize Draw Account. You will must provide your debit card and a form of identification, equivalent to a passport or driving licence. The funds will be transferred to your nominated account or given to you in money, relying in your desire.

It is important to note that there could also be limits on the amount you can withdraw out of your Prize Draw Account. These limits will differ relying in your account type and the method of withdrawal. If you are not sure about the withdrawal limits to your account, you can contact Nationwide’s buyer service team for more info.

In conclusion, withdrawing funds out of your Nationwide Prize Draw Account is a simple process that may be done utilizing a variety of strategies. Whether you choose to withdraw money from an ATM, use online banking, phone banking, or visit a department in particular person, Nationwide offers a range of options to suit your wants. If you have any questions or considerations about withdrawing funds out of your Prize Draw Account, don’t hesitate to contact Nationwide’s buyer service team for help.

Comparison of Nationwide Prize Draw Account with different financial savings accounts

Saving cash is a vital half of financial planning, and there are lots of ways to do it. One of the most popular ways is thru financial savings accounts. However, not all financial savings accounts are created equal. Some provide larger curiosity rates, whereas others come with additional perks. One such account is the Nationwide Prize Draw Account.

The Nationwide Prize Draw Account is a unique financial savings account that offers customers the probability to win money prizes each month. For each £100 saved in the account, customers receive one entry into the prize draw. The top prize is £100,000, and there are over 8,000 different money prizes to be won every month. But how does this account compare to different financial savings accounts on the market?

Firstly, let’s have a look at curiosity rates. The Nationwide Prize Draw Account at the moment offers an curiosity rate of 0.5% AER variable. This isn’t the highest curiosity rate on the market, but it remains to be aggressive. For instance, the Marcus by Goldman Sachs Online Savings Account offers an curiosity rate of 0.5% AER variable, whereas the Virgin Money Double Take E-Saver offers 0.35% AER variable. However, it’s value noting that these accounts don’t provide the probability to win money prizes.

Another issue to think about is accessibility. The Nationwide Prize Draw Account will be opened and managed online, in-department, or over the phone. This makes it a handy option for many who choose to handle their funds digitally. However, another financial savings accounts could provide more flexibility when it involves withdrawals. For instance, the Coventry Building Society’s Easy Access Saver permits limitless withdrawals with out penalty, whereas the Nationwide Prize Draw Account only permits one penalty-free withdrawal per yr.

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One of the unique features of the Nationwide Prize Draw Account is the probability to win money prizes. This will be a important draw for many who enjoy the excitement of a prize draw. However, it’s value noting that the odds of winning a prize are comparatively low. For instance, if you have £1,000 in the account, you will have ten entries into the prize draw. This gives you a 0.12% probability of winning a prize. While this is probably not the most important draw for some savers, it will be a fun added bonus.

Finally, it’s value contemplating any additional perks that come with the account. The Nationwide Prize Draw Account offers access to exclusive financial savings rates on different Nationwide merchandise, equivalent to mortgages and loans. This will be a important profit for many who are looking to take out these sorts of merchandise in the future. Additionally, the account comes with a range of different advantages, equivalent to access to a financial planning service and reductions on Nationwide residence insurance.

In conclusion, the Nationwide Prize Draw Account is a unique financial savings account that offers customers the probability to win money prizes each month. While it could not provide the highest curiosity rates or the most flexibility when it involves withdrawals, it does come with the added excitement of a prize draw. Additionally, the account offers access to exclusive financial savings rates on different Nationwide merchandise and a range of different advantages. If you’re looking for a financial savings account that offers one thing a little totally different, the Nationwide Prize Draw Account might be value contemplating.

Customer reviews of Nationwide Prize Draw Account

Nationwide Prize Draw Account: What Customers Are Saying

Nationwide Building Society has been offering its customers a unique financial savings account since 2016. The Nationwide Prize Draw Account gives savers the probability to win money prizes each month, with a top prize of £100,000. But what do customers assume of this account? We’ve gathered some reviews to search out out.

One buyer, Sarah, has been a Nationwide buyer for over 10 years and determined to open a Prize Draw Account in 2018. She says, “I love the idea of potentially winning money just for saving. It’s a great incentive to put money aside each month.” Sarah has but to win a prize, but she stays optimistic and continues to save lots of with the account.

Another buyer, John, won £1,000 in the prize draw after only a few months of opening the account. He says, “I was pleasantly surprised when I received the email saying I had won. It’s a nice feeling to know that my savings are not only growing, but also have the potential to win me some extra cash.”

Some customers have expressed considerations about the curiosity rate on the account, which is at the moment 0.5%. However, Nationwide has said that the account isn’t designed to be a high-curiosity financial savings account, but relatively a way to incentivize saving and reward customers for their loyalty.

One buyer, Emma, says, “I understand that the interest rate isn’t the highest, but for me, the chance to win a prize each month is worth it. Plus, I appreciate that Nationwide is trying to encourage saving habits.”

Overall, customers appear to be happy with the Nationwide Prize Draw Account. It offers a unique way to save lots of and doubtlessly win cash, which is a nice incentive for many who battle to save lots of commonly. The account can be easy to open and handle online or in-department.

Nationwide has additionally made efforts to make sure that the prize draw is fair and clear. The winners are chosen at random utilizing a computer algorithm, and the results are printed on the Nationwide web site every month.

One buyer, Tom, says, “I appreciate that Nationwide is transparent about the prize draw process. It gives me confidence that the winners are chosen fairly and that I have a chance to win just like anyone else.”

In conclusion, the Nationwide Prize Draw Account appears to be a popular choice among customers who’re looking for a unique way to save lots of and doubtlessly win cash. While the curiosity rate is probably not the highest, the probability to win a prize every month is a nice incentive for many who battle to save lots of commonly. Plus, the account is easy to handle and Nationwide has made efforts to make sure that the prize draw is fair and clear. If you’re looking for a new financial savings account, the Nationwide Prize Draw Account could also be value contemplating.

Future plans and updates for Nationwide Prize Draw Account

Nationwide Building Society has introduced exciting future plans and updates for its popular Prize Draw Account. The account, which offers customers the probability to win money prizes each month, has been a hit with savers since its launch in 2016.

One of the biggest adjustments coming to the Prize Draw Account is the introduction of a new top prize of £100,000. This will be along with the current monthly prizes of £1,000 and £100, which will continue to be awarded to lucky winners.

Nationwide has additionally introduced that it will be rising the quantity of winners every month. Currently, there are 8,008 winners each month, but this will be elevated to eight,200 from September 2021. This signifies that even more customers will have the probability to win a money prize simply by saving with Nationwide.

In addition to those adjustments, Nationwide can be introducing a new way for customers to enter the Prize Draw. From September 2021, customers will be capable of earn additional entries into the draw by utilizing their Nationwide debit card. For each £5 spent utilizing their debit card, customers will receive one extra entry into the Prize Draw, as much as a maximum of ten entries monthly.

This new feature is designed to encourage customers to make use of their debit card more continuously, whereas additionally giving them an extra probability to win a money prize. It’s a win-win state of affairs for savers who’re looking to spice up their chances of winning whereas additionally enjoying the comfort of utilizing their debit card for on a regular basis purchases.

Nationwide has additionally introduced that it will be making adjustments to the way it communicates with Prize Draw Account holders. From September 2021, customers will receive a monthly email letting them know if they’ve won a prize. This will change the current system of sending letters to winners, which will be gradual and typically unreliable.

The new email system will make sure that winners are notified shortly and effectively, making it easier for them to claim their prize. It’s additionally a more environmentally pleasant option, as it reduces the amount of paper used by Nationwide.

Overall, these adjustments to the Prize Draw Account are nice information for Nationwide customers who’re looking to save cash and doubtlessly win big. With a new top prize of £100,000 and more winners each month, there’s by no means been a better time to open a Prize Draw Account with Nationwide.

If you’re not already a Nationwide buyer, now could be the perfect time to join. With a range of financial savings accounts to select from, including the Prize Draw Account, you can discover the perfect account to suit your wants. Plus, with the added bonus of doubtlessly winning a money prize each month, there’s by no means been a better cause to start saving with Nationwide.

Q&A

1. What is a Nationwide Prize Draw Account?
A Nationwide Prize Draw Account is a financial savings account offered by Nationwide Building Society that gives customers the probability to win money prizes.

2. How does the account work?
Customers deposit cash into the account and are entered into monthly prize draws. The more cash they’ve in the account, the more entries they receive.

3. What are the prizes?
There are over 8,000 money prizes given away every month, starting from £100 to £100,000.

4. How a lot do I must deposit to be eligible for the prize draw?
Customers must have a minimum balance of £5 in their account to be eligible for the prize draw.

5. Is there a restrict to how a lot I can deposit?
No, there isn’t a restrict to how a lot you can deposit into the account.

6. Is there a fee to open the account?
No, there isn’t a fee to open the account.

7. Can I withdraw cash from the account?
Yes, customers can withdraw cash from the account at any time with out penalty.

8. Is the account lined by the Financial Services Compensation Scheme (FSCS)?
Yes, the account is roofed by the FSCS as much as £85,000 per particular person.

9. Can I open a number of Prize Draw Accounts?
No, customers are only allowed to have one Prize Draw Account.

10. Can I arrange direct debits or standing orders from the account?
No, customers can’t arrange direct debits or standing orders from the Prize Draw Account.

11. Can I access the account online or by way of a mobile app?
Yes, customers can access the account online or by way of the Nationwide mobile app.

12. How do I open a Nationwide Prize Draw Account?
Customers can open a Prize Draw Account online, in a Nationwide department, or by calling Nationwide’s buyer service team.

Conclusion

Nationwide Prize Draw Account is a financial savings account offered by Nationwide Building Society that gives customers the probability to win money prizes each month. The account offers a aggressive curiosity rate and no minimum deposit or balance necessities. Customers are robotically entered into the prize draw for each £100 they save in the account, with a maximum of 10 entries monthly. The account is a good option for many who need to get monetary savings and have the probability to win money prizes with out any additional effort.