Halifax

Halifax launches ‘Super Draw’ to encourage ISA Savings

04 March 2013

Halifax has announced a Savers Prize Draw ‘Super Draw’ to encourage savers to maximise their annual Cash ISA savings allowance.

The Draw will offer three top prizes of £250,000 and also award ten prizes of £5,000 in May, in addition to the 100 prizes of £1,000 and 1,000 prizes of £100 usually offered each month.

Once registered, Halifax Savers Prize Draw requires customers to hold at least £5,000 in a qualifying account for the whole of the month prior to a Draw in order to meet the entry
criteria.

To enter the May ‘Super Draw’, customers therefore need to have £5,000 in their savings for the whole of April, providing a timely incentive to savers who have not yet utilised their full 2012/2013 Cash ISA allowance of £5,640 to add to their tax free savings before the end of March.

Richard Fearon, Head of Halifax Savings, says:
“We launched Savers Prize Draw as a way to encourage customers to achieve their savings goals and making the most of your tax free allowance is a great place to start.

“More people save tax free with Halifaxi than any other provider, but in the 2011/2012 tax year only 36% of our customers used their full Cash ISA allowance, with millions of people continuing to miss out on the full benefit of tax free saving they’re entitled to.”

Read full press release