Halifax expands £100,000 prize draw this summer with 10 lucky winners – how to enter

Lloyds and Halifax to close 44 branches over the next year

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To celebrate ten years of the prize draw, the high street bank will crown more winners in June, giving customers many more chances to win prizes between £100 and £100,000. While the draw is free to enter, there is a catch.

The usual draws of £1,000 (100 winners) and £100 (1,500 winners) will also take place.

Although the draw is free to enter – customers need to register on the app, through online banking, or in a branch.

Customers will also need to hold £5,000 or more for a whole calendar month – so, to be in with a chance to win in June – £5,000 must be in the account for the full calendar month of May.

Participants will also need to be 18 or over and live in England, Wales or Scotland.

All Halifax and Bank of Scotland savings accounts qualify, with the exception of children’s savings accounts.

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Emma Abrahams, head of savings at Halifax said “We are so excited to celebrate 10 years of our fantastic Savers Prize Draw.

“Since launch, we’ve paid out more than £75 million to over 160,000 winners and, this June, we’ll be giving away £1.35 million to more than 1600 of our customers – £800,000 more than our regular monthly draw.”

The Halifax Reward Current Account and Ultimate Reward Account were recently rated as excellent by finance experts at Moneyfacts.

Rachel Springall, finance expert at Moneyfacts.co.uk, said: “Halifax has launched a new switching incentive of £125 for consumers who switch to either the Reward Current Account or Ultimate Reward Current Account.”

She continued: “The Reward Current Account may appeal to consumers looking for incentives as this account allows them to choose either a £5 net reward payment or a lifestyle benefit each month.

“The account charges a £3 monthly fee, but this is waived for those who can credit the account with at least £1,500 per month.

“Those keen to take advantage of the switcher cash will need to do so via the Current Account Switch Service before 9 May 2022.

On balance, the account earns an Excellent Moneyfacts product rating.”

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What does the Halifax account offer?

  • Choose from a £5 reward or a lifestyle benefit each month
  • Up to 15 percent cashback from selected retailers
  • Account fee of £3 per month, waived if account credited with at least £1,500 per month
  • Arranged overdraft of 39.90 percent EAR
  • £125 free cash offer, using the Current Account Switch Service before 9 May 2022.

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