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
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.”