Start to Save prize draw guide

With the chance to win £100 in prize draws, the Start to Save account has been created to help you get into the habit of saving regularly.

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How to qualify for the prize draws

To be entered into a prize draw, you'll need to increase your account balance by at least £50 (but by no more than £100) in each of the three calendar months leading up to the month of a prize draw.

For example, to qualify for the prize draw on 23 April 2021, you'd need to increase the total balance in your account by at least £50 (but by no more than £100) in January, February and in March.

Note:

If you increase your balance by less than £50, or more than £100, in one or more of the three months leading up to a prize draw month, you won't be entered into the prize draw.

To make sure you never forget to top up your Start to Save account each month, you could set up a standing order from your current account.

Our Banking app offers tools such as Impulse Saver and Round-ups to help you top up your Start to Save account throughout the month. Just take care that you don't top it up by more than £100 each month if you'd like to qualify for the prize draws.

Explore the Banking app

Taking money out

The account is instant access, so you can take money out. But, as the aim is to grow your balance, you may need to pay it back in during the same month. This is to make sure your balance has grown by at least £50, so that you'll be entered into a prize draw.

This means that whatever you start with at the beginning of the month, you need to end with on the last day of the month, plus an extra £50 (but no more than an extra £100).

For example, if you start the month with £300, you'll need to finish it with at least £350 and no more than £400.

Note:

If you win in the draw, want to take out your prize money and still be in with a chance of entering future draws, you'll need to withdraw your winnings in the same month they're paid in.

How the draw works

Save between £50 and £100 in the three months leading up to the prize draw month.

Prize draw run-up months


  • Month 1 – increase your balance by at least £50 (but no more than £100)
  • Month 2 – increase your balance by at least £50 (but no more than £100)
  • Month 3 – increase your balance by at least £50 (but no more than £100)

If you withdraw money in any of these months, you may need to pay some or all of it back in during the month you took it out (plus the £50 minimum increase). This is to make sure you've grown your balance by £50 by the end of each month.

Prize draw month

Month 4 is prize draw month. It's also month 1 of the next draw.

Note:

Interest and any prize draw winnings added to your account will not count towards your minimum £50 balance increase.

Examples of when you would and would not be entered into the draw

Examples of when you would and would not qualify for the prize draw
April 2021 prize draw July 2021 prize draw October 2021 prize draw
Qualifying months Jan Feb Mar Apr May Jun Jul Aug Sep
Starting balance £0 £50 £100 £150 £100 £50 £0 £50 £120
Money paid in £50 £50 £50 £50 £0 £0 £100 £70 £60
Money taken out £0 £0 £0 £100 £50 £50 £50 £0 £10
End balance £50 £100 £150 £100 £50 £0 £50 £120 £170
Change in balance +£50 +£50 +£50 -£50 -£50 -£50 +£50 +£70 +£50
Entered into the prize draw Yes No Yes
Why? Because the balance in the account has increased by at least £50 (and no more than £100) each month Because the balance has not increased by at least £50 (and no more than £100) each month Because, even though money was withdrawn, the account balance still increased by at least £50 (and no more than £100) each month

Prize draw dates

There are six prize draws, which will take place on 21 July 2020, 21 October 2020, 22 January 2021, 23 April 2021, 21 July 2021 and 21 October 2021.

Your account must still be open, and you must be living in England, Wales or Scotland on the day of the prize draw to qualify.

If you open your account with less than three months to go before the next prize draw, you'll be able to enter the draw after that. This is because you need to grow your balance in the three months leading up to a draw. For example, if you open your account in February 2021, you won't be in the draw on 23 April 2021.

Your chances of winning

The prize fund for each draw is equal to 1% of the total increase in balances of all the qualifying accounts for that draw.

The number of winners will depend on how many £100 prizes can be made up from the prize fund for each draw. Depending on how big the prize fund is, your chance of winning is between 1/34 and 1/67.

We'll select the winners at random from all accounts that qualify.

Each winner will receive £100. If your account is held as a joint account, the £100 winnings will be for the benefit of both of you.

If you win

We’ll let you know you’ve won by email or post, and pay the £100 into your Start to Save account within 30 days of the draw. This means your account will still need to be open for us to pay into.

Remember, if you do win, the prize draw money won’t count towards your minimum balance increase for the following prize draw. You’ll still need to pay in between £50 and £100 in each of the three months leading up to the next prize draw, including the month you receive your winnings.

To find out more, see the full Terms and Conditions.