Nationwide Prize Draw Savings Account • BestCompetition.co.uk

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“Save for your dreams and win big with Nationwide Prize Draw Savings Account.”

Introduction

The Nationwide Prize Draw Savings Account is a type of financial savings account offered by Nationwide Building Society in the United Kingdom. This account permits customers to earn curiosity on their financial savings whereas additionally giving them the likelihood to win money prizes in monthly prize draws. The more cash a buyer saves in their account, the more entries they receive into the prize draw. The Nationwide Prize Draw Savings Account is designed to encourage customers to avoid wasting more cash and to reward them for doing so.

Benefits of opening a Nationwide Prize Draw Savings Account

Are you looking for a financial savings account that not only helps you lower your expenses but additionally gives you the likelihood to win big prizes? Look no additional than the Nationwide Prize Draw Savings Account.

One of the biggest advantages of opening a Nationwide Prize Draw Savings Account is the likelihood to win as much as £100,000 in their monthly prize draw. Every month, Nationwide gives away over 8,000 prizes starting from £5 to £100,000. This implies that not only are you saving cash, but you even have the likelihood to win big.

Another profit of the Nationwide Prize Draw Savings Account is that there are not any fees or fees associated with the account. This implies that you can save your cash with out worrying about any hidden fees or fees consuming away at your financial savings.

In addition to the prize draw and no fees, the Nationwide Prize Draw Savings Account additionally offers a aggressive curiosity rate. Currently, the curiosity rate is 0.50% AER (0.50% gross p.a.) variable, which is greater than many different financial savings accounts on the market.

Furthermore, the Nationwide Prize Draw Savings Account is easy to handle. You can access your account online, by phone, or in individual at a Nationwide department. This implies that you can handle your financial savings from the consolation of your own residence or on the go.

Another nice feature of the Nationwide Prize Draw Savings Account is that you can arrange regular financial savings plans. This implies that you can arrange a standing order to switch cash into your account every month, making it easier to economize and enhance your chances of winning a prize in the monthly draw.

Finally, the Nationwide Prize Draw Savings Account is backed by the Financial Services Compensation Scheme (FSCS). This implies that your financial savings are protected as much as £85,000 per individual, per financial establishment. This gives you peace of mind understanding that your financial savings are safe and secure.

In conclusion, the Nationwide Prize Draw Savings Account is a nice option for anyone looking to economize and doubtlessly win big prizes. With no fees, a aggressive curiosity rate, and easy administration options, it’s a handy and trouble-free way to avoid wasting. Plus, with the likelihood to win as much as £100,000 in the monthly prize draw, it’s an exciting way to avoid wasting too. So why not open a Nationwide Prize Draw Savings Account today and start saving in your future?

How to open a Nationwide Prize Draw Savings Account

Opening a Nationwide Prize Draw Savings Account is easy and may be done online or in individual at a Nationwide department. To open an account online, simply visit the Nationwide web site and comply with the prompts to use for a financial savings account. You will have to provide some private info, comparable to your name, deal with, and date of beginning, as well as your employment and revenue details.

Once you have accomplished the application process, you will have to fund your account with a minimum deposit of £100. You can do this by transferring funds from another account or by organising a direct deposit out of your employer.

One of the unique features of the Nationwide Prize Draw Savings Account is that it offers customers the likelihood to win money prizes each month. For each £100 you save in your account, you will receive one entry into the prize draw. The more you save, the more chances you must win.

The prize draw takes place on the second Tuesday of each month, and the winners are notified by email or put up. The prizes range from £100 to £100,000, so there may be always the risk of a big win.

In addition to the prize draw, the Nationwide Prize Draw Savings Account additionally offers aggressive curiosity rates. The curiosity rate is at the moment 0.50% AER, which is greater than many different financial savings accounts on the market.

Another profit of the Nationwide Prize Draw Savings Account is that there are not any fees or fees for sustaining the account. This implies that you can lower your expenses with out worrying about any hidden costs.

If you have to access your financial savings, you can achieve this at any time with out penalty. However, it is important to note that withdrawing funds will cut back your chances of winning a prize in the monthly draw.

Overall, the Nationwide Prize Draw Savings Account is a nice option for anyone looking to economize and doubtlessly win big prizes. With easy online account opening, aggressive curiosity rates, and no fees or fees, it is a good choice for savers of all ages and revenue ranges.

So why not open a Nationwide Prize Draw Savings Account today and start saving in your likelihood to win? Who is aware of, you might be the next lucky winner of a money prize.

Eligibility necessities for the Nationwide Prize Draw Savings Account

Are you looking for a financial savings account that not only helps you lower your expenses but additionally gives you a likelihood to win big prizes? Look no additional than the Nationwide Prize Draw Savings Account.

To be eligible for this account, you have to be a UK resident aged 18 or over. You additionally have to have a Nationwide current account, financial savings account, or mortgage. If you don’t have any of these accounts, you can open one alongside your Prize Draw Savings Account.

The account requires a minimum opening deposit of £100, and you can save as much as £50,000. You can make limitless deposits and withdrawals, and there are not any fees or fees for utilizing the account.

One of the unique features of this account is the prize draw. Every month, Nationwide gives away over 8,000 prizes to account holders. The prizes range from £100 to £100,000, and there are additionally smaller prizes comparable to cinema tickets and buying vouchers.

To be entered into the prize draw, you have to have not less than £100 in your account on the last working day of the month. For each additional £100 in your account, you get an extra entry into the draw. So, the more you save, the greater your chances of winning.

The prize draw is performed electronically, and winners are notified by email or put up. The cash is credited to the winner’s account inside 28 days of the draw.

Another profit of the Nationwide Prize Draw Savings Account is the curiosity rate. The account pays a variable curiosity rate of 0.5% AER (0.5% gross p.a.) on balances as much as £10,000. Balances over £10,000 earn a decrease curiosity rate of 0.1% AER (0.1% gross p.a.).

While the curiosity rate might not be the highest on the market, the likelihood to win prizes makes this account a gorgeous option for these looking to economize. Plus, the account is easy to handle online or via the Nationwide mobile app.

In addition to the prize draw and curiosity rate, the Nationwide Prize Draw Savings Account additionally offers peace of mind. The account is protected by the Financial Services Compensation Scheme (FSCS), which implies that your cash is safe as much as £85,000 per individual.

Overall, the Nationwide Prize Draw Savings Account is a nice option for these looking to economize and doubtlessly win big prizes. With no fees or fees, easy online administration, and FSCS safety, this account offers a lot of advantages. So, if you’re a UK resident aged 18 or over with a Nationwide current account, financial savings account, or mortgage, why not take into account opening a Prize Draw Savings Account today? Who is aware of, you might be the next big winner!

How the prize draw works

Are you drained of conventional financial savings accounts that provide little to no incentive for saving your hard-earned cash? Look no additional than the Nationwide Prize Draw Savings Account. This revolutionary account not only helps you save in your future, but additionally gives you the likelihood to win big prizes each month.

So, how does the prize draw work? It’s simple. For each £100 you save in your Nationwide Prize Draw Savings Account, you earn one entry into the monthly prize draw. The more you save, the more chances you must win. And the better part? There’s no restrict to the quantity of entries you can earn.

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Each month, Nationwide randomly selects 8,008 winners from the pool of eligible entries. The prizes range from £100 to a whopping £100,000. That’s right – one lucky winner every month will take residence a six-determine sum, only for saving their cash in this account.

But what if you don’t win? Don’t fear – your financial savings are nonetheless safe and sound in your account, incomes curiosity identical to any different financial savings account. And who is aware of – perhaps next month will be your lucky month.

It’s important to note that there are a few necessities to be eligible for the prize draw. First, you have to be a UK resident aged 18 or over. Second, you should maintain a Nationwide current account or financial savings account. And third, you should have not less than £100 in your Prize Draw Savings Account at the time of the draw.

If you meet these necessities, you’re already in your way to doubtlessly winning big. And if you don’t have a Nationwide current or financial savings account but, it’s easy to open one online or in-department.

But why ought to you select the Nationwide Prize Draw Savings Account over different financial savings accounts? For starters, the likelihood to win big prizes is a unique and exciting incentive to avoid wasting. It’s a fun way to encourage yourself to place away cash in your future.

Additionally, the curiosity rate on the Prize Draw Savings Account is aggressive with different financial savings accounts on the market. As of writing this article, the curiosity rate is 0.50% AER variable. While this could not seem to be a lot, it’s important to do not forget that the major draw of this account is the prize draw – the curiosity rate is simply an added bonus.

Finally, Nationwide is a trusted and respected bank with a long historical past of serving its customers. You can really feel assured that your cash is safe and secure in a Nationwide account.

In conclusion, the Nationwide Prize Draw Savings Account is a unique and exciting way to avoid wasting in your future. With the likelihood to win big prizes each month, it’s a fun and motivating incentive to place away cash. And with a aggressive curiosity rate and the security of a trusted bank, it’s a good choice for anyone looking to avoid wasting. So why not give it a try and see if you might be the next big winner?

Odds of winning a prize with the Nationwide Prize Draw Savings Account

Are you looking for a financial savings account that not only helps you lower your expenses but additionally gives you a likelihood to win big? Look no additional than the Nationwide Prize Draw Savings Account.

With this account, you have the alternative to win money prizes each month, only for saving your cash. The account is free to open and there are not any monthly fees, making it an easy and affordable way to start saving.

But what are the odds of really winning a prize with this account? According to Nationwide, the odds of winning a prize in the monthly draw are 1 in 1,750. While this could not seem to be the finest odds, it’s important to do not forget that someone has to win and it might be you.

Plus, the more cash you save in the account, the greater your chances of winning turn out to be. For each £100 you save, you earn one entry into the prize draw, as much as a maximum of 10 entries per thirty days. So, if you have £1,000 saved in the account, you have 10 chances to win every month.

It’s additionally price noting that there are completely different prize tiers in the draw. The top prize is £10,000, but there are additionally 1,000 prizes of £100 and 5,000 prizes of £25. So, even when you don’t win the top prize, there are nonetheless lots of chances to win smaller quantities.

Another profit of the Nationwide Prize Draw Savings Account is that it encourages you to avoid wasting recurrently. To be eligible for the prize draw, you have to have not less than £100 in the account on the last working day of the month. This means you have to make a behavior of saving cash every month, which might help you construct up your financial savings over time.

Of course, it’s important to do not forget that the major purpose of a financial savings account is to economize, to not win prizes. While the likelihood to win a money prize is a good bonus, it should not be the only cause you open an account. You must also take into account the curiosity rate and any different fees or restrictions which will apply.

With the Nationwide Prize Draw Savings Account, the curiosity rate is at the moment 0.5% AER variable. While this might not be the highest curiosity rate out there, it’s nonetheless a first rate rate for a financial savings account that additionally offers the likelihood to win prizes.

Overall, the Nationwide Prize Draw Savings Account is a nice option for anyone looking to economize and doubtlessly win money prizes. While the odds of winning might not be the finest, it’s nonetheless a fun and exciting way to economize and construct up your financial savings over time. So why not give it a try and see if you may be one of the lucky winners?

Types of prizes out there via the Nationwide Prize Draw Savings Account

Nationwide Building Society is one of the largest financial establishments in the UK, and it offers a range of financial savings accounts to assist customers obtain their financial objectives. One of the most popular options is the Nationwide Prize Draw Savings Account, which not only offers aggressive curiosity rates but additionally gives customers the likelihood to win big prizes each month.

So, what kind of prizes can you win with the Nationwide Prize Draw Savings Account? Well, the reply is sort of exciting! The prizes on provide are different and can range from money prizes to luxury holidays, cars, and even a dream residence price as much as £500,000. Yes, you read that right – a dream residence!

The Nationwide Prize Draw Savings Account is designed to reward customers for saving their cash, and the more you save, the more chances you must win. For each £100 you save in your account, you will receive one entry into the prize draw. So, if you have £1,000 in your account, you will have ten entries into the draw.

The prizes are drawn each month, and the winners are chosen at random. The more entries you have, the greater your chances of winning. However, it’s important to note that the Nationwide Prize Draw Savings Account is not only about winning prizes. It’s additionally a nice way to economize and earn curiosity in your financial savings.

In addition to the dream residence prize, there are different fantastic prizes on provide. For instance, you might win a luxury vacation to a vacation spot of your choice, a model new car, and even a 12 months’s price of mortgage payments. These prizes are designed to assist customers obtain their financial objectives and make their dreams a actuality.

The Nationwide Prize Draw Savings Account is open to all Nationwide customers who’re aged 18 or over and have a minimum balance of £5,000 in their account. If you don’t have a Nationwide account, you can easily open one online or in-department. Once you have opened your account, you will routinely be entered into the prize draw.

It’s price noting that the Nationwide Prize Draw Savings Account will not be the only financial savings account offered by Nationwide. The building society additionally offers a range of different financial savings accounts, including fastened-rate bonds, regular financial savings accounts, and money ISAs. Each account has its own advantages and features, so it’s important to decide on the one which most accurately fits your wants.

In conclusion, the Nationwide Prize Draw Savings Account is a fantastic way to economize and doubtlessly win big prizes. The dream residence prize is especially exciting and might be life-altering for the lucky winner. However, it’s important to do not forget that the account is not only about winning prizes – it’s additionally a nice way to earn curiosity in your financial savings and obtain your financial objectives. So, if you’re looking for a financial savings account that offers more than simply curiosity, the Nationwide Prize Draw Savings Account might be the perfect option for you.

How to extend your chances of winning a prize

Are you looking for a way to economize and doubtlessly win big? Look no additional than the Nationwide Prize Draw Savings Account. This account not only offers aggressive curiosity rates, but additionally gives you the likelihood to win money prizes each month.

But how can you enhance your chances of winning? Here are some tips to assist you maximize your financial savings and doubtlessly take residence a prize.

First and foremost, make sure you have an eligible account. To take part in the prize draw, you should have a Nationwide Prize Draw Savings Account. If you don’t have one but, it’s easy to open one online or in individual at a Nationwide department.

Once you have your account arrange, the next step is to avoid wasting recurrently. The more cash you have in your account, the more entries you’ll receive in the prize draw. For each £100 you save, you’ll earn one entry, as much as a maximum of 10 entries per thirty days.

But don’t fear if you cannot save a lot every month. Even small quantities can add up over time and enhance your chances of winning. Plus, with no minimum balance requirement, you can start saving with as little as £1.

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Another way to spice up your chances of winning is to arrange a standing order. By automating your financial savings, you’ll be much less prone to overlook or skip a month. Plus, it’s a nice way to make saving a behavior and attain your financial objectives quicker.

If you have a number of Nationwide Prize Draw Savings Accounts, you can even enhance your chances of winning by consolidating your financial savings into one account. This will give you more entries in the prize draw and simplify your financial savings strategy.

It’s additionally important to keep your account active. If you don’t make any deposits or withdrawals for six months, your account will turn out to be inactive and you won’t be eligible for the prize draw. So make sure to keep your account active by making regular deposits or withdrawals.

Finally, make sure to check your account recurrently to see if you’ve won a prize. Winners are notified by email or put up, so make sure your contact info is as much as date. And if you do win, congratulations! You can select to have your prize paid into your account or receive a cheque.

In conclusion, the Nationwide Prize Draw Savings Account is a nice way to economize and doubtlessly win big. By following these tips, you can enhance your chances of winning and attain your financial objectives quicker. So why not open an account today and start saving? Who is aware of, you might be the next lucky winner!

Frequently requested questions about the Nationwide Prize Draw Savings Account

What is the Nationwide Prize Draw Savings Account?

The Nationwide Prize Draw Savings Account is a financial savings account that offers customers the likelihood to win money prizes each month. For each £100 you save in the account, you will receive one entry into the prize draw. The more you save, the more chances you must win.

How a lot can I win?

There are over 8,000 money prizes to be won each month, starting from £5 to £100,000. The top prize of £100,000 is awarded twice a 12 months in June and December. The more you save, the more chances you must win one of these wonderful prizes.

Is there a minimum balance requirement?

Yes, there may be a minimum balance requirement of £5,000 to open the account. However, as soon as the account is open, you can withdraw cash at any time with out penalty. Just do not forget that the more you save, the more chances you must win.

Is the Nationwide Prize Draw Savings Account safe?

Yes, the Nationwide Prize Draw Savings Account is safe and secure. Nationwide is a trusted and respected financial establishment with over 160 years of expertise. Your cash is protected by the Financial Services Compensation Scheme (FSCS), which implies that if Nationwide have been to go out of business, your cash could be protected as much as £85,000.

How do I open an account?

Opening an account is easy. You can apply online or in individual at a Nationwide department. You will have to provide some private info, comparable to your name, deal with, and date of beginning, as well as proof of identification and deal with. Once your account is open, you can start saving and incomes entries into the prize draw.

Can I’ve more than one account?

Yes, you can have more than one Nationwide Prize Draw Savings Account. However, every account should have a minimum balance of £5,000 to be eligible for the prize draw. The more accounts you have, the more chances you must win.

What occurs if I win a prize?

If you win a prize, Nationwide will notify you by phone or email. The cash will be deposited into your Prize Draw Savings Account inside 14 days of the draw. You can then withdraw the cash or go away it in the account to continue incomes curiosity and entries into future prize draws.

In conclusion, the Nationwide Prize Draw Savings Account is a nice way to economize and doubtlessly win big prizes. With over 8,000 money prizes to be won each month, including a top prize of £100,000, the more you save, the more chances you must win. Plus, with the security and safety of Nationwide and the FSCS, you can relaxation assured that your cash is safe and secure. So why not open a Nationwide Prize Draw Savings Account today and start saving in your likelihood to win?

Comparison of the Nationwide Prize Draw Savings Account to different financial savings accounts

Saving cash is a necessary half of financial planning, and there are a lot of financial savings accounts out there in the market. However, the Nationwide Prize Draw Savings Account is a unique offering that stands out from the relaxation. In this article, we will compare the Nationwide Prize Draw Savings Account to different financial savings accounts and discover its advantages.

Firstly, let’s take a look at the conventional financial savings accounts offered by banks. These accounts usually provide a fastened curiosity rate on the deposited amount. While this could seem to be a safe option, the curiosity rates are sometimes low, and the returns usually are not vital. Moreover, there are not any additional advantages or rewards for saving cash in these accounts.

On the different hand, the Nationwide Prize Draw Savings Account offers a likelihood to win money prizes each month. For each £100 saved in the account, the account holder will get one entry into the prize draw. The prizes range from £100 to £100,000, and there are over 8,000 winners each month. This implies that not only can you lower your expenses, but you even have a likelihood to win big.

Another type of financial savings account is the high-curiosity financial savings account. These accounts provide a greater curiosity rate than conventional financial savings accounts, but they usually come with conditions comparable to minimum balance necessities or limited withdrawals. While these accounts could provide better returns, they don’t provide any additional advantages or rewards.

The Nationwide Prize Draw Savings Account, on the different hand, has no minimum balance requirement, and there are not any restrictions on withdrawals. This implies that you can save as a lot or as little as you need and nonetheless have a likelihood to win money prizes.

Furthermore, the Nationwide Prize Draw Savings Account is a nice way to encourage regular saving habits. The prize draw takes place each month, which implies that account holders have a monthly purpose to avoid wasting in direction of. This might help to create a financial savings behavior and make saving cash a regular half of your financial routine.

In addition to the likelihood to win money prizes, the Nationwide Prize Draw Savings Account additionally offers access to exclusive offers and reductions. These include reductions on Nationwide merchandise and services, as well as offers from companion companies comparable to Amazon and Vue Cinemas. This implies that account holders can lower your expenses on on a regular basis purchases and enjoy additional advantages for saving cash.

Overall, the Nationwide Prize Draw Savings Account is a unique offering that provides a likelihood to win money prizes, access to exclusive offers and reductions, and encourages regular saving habits. While conventional financial savings accounts and high-curiosity financial savings accounts could provide better returns, they don’t provide any additional advantages or rewards. Therefore, if you are looking for a financial savings account that offers more than simply a place to store your cash, the Nationwide Prize Draw Savings Account is price contemplating.

In conclusion, saving cash is an important half of financial planning, and the Nationwide Prize Draw Savings Account is a nice way to make saving cash more rewarding. By offering a likelihood to win money prizes, access to exclusive offers and reductions, and encouraging regular saving habits, this account stands out from the relaxation. So, if you need to lower your expenses and have a likelihood to win big, take into account opening a Nationwide Prize Draw Savings Account today.

Customer reviews and experiences with the Nationwide Prize Draw Savings Account

Nationwide Prize Draw Savings Account: Customer Reviews and Experiences

Saving cash is a essential facet of financial planning, and having a financial savings account is an excellent way to attain this purpose. However, conventional financial savings accounts may be uninteresting and uninspiring, with little incentive to avoid wasting past the curiosity rate. That’s the place the Nationwide Prize Draw Savings Account is available in, offering customers the likelihood to win money prizes each month whereas saving cash.

The Nationwide Prize Draw Savings Account is a unique financial savings account that offers customers the likelihood to win money prizes each month. For each £100 saved in the account, customers receive one entry into the prize draw, with a maximum of ten entries per thirty days. The prizes range from £100 to £100,000, with a total of 8,008 winners each month.

Many customers have shared their experiences with the Nationwide Prize Draw Savings Account, and the feedback has been overwhelmingly constructive. One buyer, Sarah, stated, “I love the Nationwide Prize Draw Savings Account. It’s a great way to save money and have a chance to win cash prizes. I’ve won a few times, and it’s always a pleasant surprise.”

Another buyer, John, stated, “I’ve been using the Nationwide Prize Draw Savings Account for a few months now, and I’m impressed with the prizes on offer. It’s a great incentive to save money, and I’ve already won £500. I would highly recommend this account to anyone looking to save money.”

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The Nationwide Prize Draw Savings Account has additionally received reward for its ease of use and comfort. Customers can handle their account online or via the Nationwide mobile app, making it easy to keep track of their financial savings and entries into the prize draw.

One buyer, Emma, stated, “I love how easy it is to manage my Nationwide Prize Draw Savings Account. I can check my balance and entries into the prize draw on the go, which is perfect for my busy lifestyle. Plus, the chance to win cash prizes is a great motivator to save money.”

The Nationwide Prize Draw Savings Account has additionally been counseled for its transparency and equity. The prize draw is performed independently by a third party, guaranteeing that the winners are chosen at random and that the process is fair for all customers.

One buyer, Tom, stated, “I appreciate the transparency of the Nationwide Prize Draw Savings Account. It’s reassuring to know that the prize draw is conducted independently, and the winners are chosen at random. It gives me confidence that the account is a legitimate way to save money and have a chance to win cash prizes.”

In conclusion, the Nationwide Prize Draw Savings Account is an excellent way to economize and have a likelihood to win money prizes. The feedback from customers has been overwhelmingly constructive, with many praising the ease of use, comfort, transparency, and equity of the account. If you’re looking for a financial savings account that offers more than simply curiosity, the Nationwide Prize Draw Savings Account is unquestionably price contemplating.

Tips for maximizing your financial savings with the Nationwide Prize Draw Savings Account

This unique financial savings account offers customers the alternative to win money prizes each month, simply by preserving their cash in the account. The more cash you have in the account, the more chances you must win.

But how can you maximize your financial savings with this account? Here are some tips to assist you make the most of your Nationwide Prize Draw Savings Account.

First and foremost, make sure you are taking benefit of the account’s curiosity rate. While the likelihood to win money prizes is actually engaging, the curiosity rate on this account can also be aggressive. By preserving your cash in the account, you can earn curiosity in your financial savings, which will assist your cash develop over time.

Another way to maximise your financial savings with this account is to arrange automatic transfers. By automating your financial savings, you can make sure that a portion of your revenue goes straight into the Nationwide Prize Draw Savings Account every month. This not only helps you save more cash, but it additionally will increase your chances of winning a money prize.

It’s additionally important to keep an eye fixed in your account balance. The more cash you have in the account, the more chances you must win. Consider setting a financial savings purpose for yourself and working in direction of it every month. This will not only assist you save more cash, but it will additionally enhance your chances of winning a money prize.

In addition to those tips, it’s important to do not forget that the Nationwide Prize Draw Savings Account is only one half of a bigger financial savings strategy. While the likelihood to win money prizes is actually exciting, it’s important to additionally give attention to building a stable financial basis.

This means creating a budget, paying off debt, and investing in your future. By taking a holistic strategy to your funds, you can make sure that you are making the most of your cash and setting yourself up for long-time period financial success.

In conclusion, the Nationwide Prize Draw Savings Account is a unique and exciting way to economize. By taking benefit of the account’s curiosity rate, organising automatic transfers, and maintaining a tally of your account balance, you can maximize your financial savings and enhance your chances of winning a money prize.

But it’s important to do not forget that this account is only one half of a bigger financial savings strategy. By specializing in building a stable financial basis, you can make sure that you are making the most of your cash and setting yourself up for long-time period financial success.

Future plans and updates for the Nationwide Prize Draw Savings Account

Nationwide Building Society has introduced some exciting future plans and updates for their popular Prize Draw Savings Account. This account has been a hit with customers since its launch in 2016, offering the likelihood to win money prizes each month simply by saving cash.

One of the biggest modifications coming to the Prize Draw Savings Account is the enhance in the quantity of prizes on provide. Currently, there are 8,008 money prizes given away every month, starting from £5 to £100,000. However, from December 2021, Nationwide will be growing the quantity of prizes to eight,500. This means even more chances for customers to win big!

Another update to the Prize Draw Savings Account is the introduction of a new prize category. Currently, there are three prize tiers based on the amount of cash saved in the account: £5,000 to £9,999, £10,000 to £24,999, and £25,000 and over. However, from December 2021, there will be a fourth prize tier for customers who’ve saved between £1,000 and £4,999. This implies that even those that are simply starting to avoid wasting can nonetheless have a likelihood to win.

Nationwide can also be making it easier for customers to handle their Prize Draw Savings Account. From December 2021, customers will have the ability to view their prize draw entries and see if they’ve won via the Nationwide mobile app. This implies that customers can check their entries on the go, with out having to log in to their online banking.

In addition to those updates, Nationwide can also be dedicated to creating the Prize Draw Savings Account more sustainable. From December 2021, all prize draw entries will be made electronically, decreasing the amount of paper used in the process. Nationwide can also be exploring ways to make the prize draw process more environmentally pleasant in the future.

Overall, these updates and future plans for the Prize Draw Savings Account present that Nationwide is dedicated to offering a nice buyer expertise. By growing the quantity of prizes on provide and introducing a new prize tier, Nationwide is guaranteeing that even more customers have a likelihood to win. And by making it easier to handle the account and decreasing its environmental influence, Nationwide is exhibiting that it cares about its customers and the planet.

If you’re not already a Nationwide buyer, now could be the perfect time to contemplate opening a Prize Draw Savings Account. With even more chances to win and a dedication to sustainability, it’s a nice way to economize and doubtlessly win big. And if you’re already a Nationwide buyer, be sure to check out the updates coming in December 2021 and start planning how you’ll spend your prize cash!

Q&A

1. What is a Nationwide Prize Draw Savings Account?
A: It is a financial savings account offered by Nationwide that gives customers the likelihood to win money prizes.

2. How do I open a Nationwide Prize Draw Savings Account?
A: You can open an account online, in a department, or over the phone.

3. Is there a minimum deposit required to open the account?
A: Yes, the minimum deposit is £100.

4. Are there any fees associated with the account?
A: No, there are not any fees associated with the account.

5. How usually are the prize draws held?
A: The prize draws are held monthly.

6. What are the money prizes that may be won?
A: There are 8 top prizes of £10,000 and 1,000 smaller prizes of £100.

7. How are the winners chosen?
A: The winners are chosen at random by a computer-generated system.

8. Do I have to do something to enter the prize draw?
A: No, you are routinely entered into the prize draw when you open a Nationwide Prize Draw Savings Account.

9. Can I withdraw cash from the account at any time?
A: Yes, you can withdraw cash from the account at any time with out penalty.

10. Is there a restrict to how a lot I can deposit into the account?
A: Yes, the maximum balance is £100,000.

11. Can I’ve more than one Nationwide Prize Draw Savings Account?
A: No, every buyer is limited to at least one account.

12. Is the account lined by the Financial Services Compensation Scheme?
A: Yes, the account is roofed as much as £85,000 per individual per establishment.

Conclusion

The Nationwide Prize Draw Savings Account is a financial savings account that offers customers the likelihood to win money prizes each month. It is a unique way to incentivize saving and may be a good option for many who need to lower your expenses whereas additionally having the likelihood to win some extra money. However, it is important to note that the curiosity rate on this account is comparatively low in comparison with different financial savings accounts, so it might not be the finest option for many who are primarily looking to earn curiosity on their financial savings. Overall, the Nationwide Prize Draw Savings Account may be a good choice for many who need to lower your expenses and have the likelihood to win some extra money, but it might not be the finest option for everybody.