PrizeSaver Explained: How ESLCU Members Can Save, Win and Build Financial Confidence
Saving money should feel rewarding, secure and simple, and with the ESLCU PrizeSaver Account, it can also feel exciting. This account gives you the chance to grow your savings while being entered into monthly cash prize draws, all without paying anything extra. It’s a fun, ethical and community‑focused way to build a savings habit that works for you.
🎉 Win Prizes While You Save — With No Extra Cost
The PrizeSaver Account is designed to make saving feel motivating. For every £1 you save (up to £200), you receive one entry into a national monthly prize draw. This means that even small, regular deposits can give you the chance to win cash prizes ranging from £20 to £5,000. There are no hidden fees, no complicated rules and no additional charges, just simple saving with the added excitement of a prize draw.
As an ESLCU Member, you also benefit from our exclusive Members‑Only Prize Draw, which runs every three months. This additional draw gives you even more opportunities to win, simply by being part of our cooperative community.
PrizeSaver at a Glance. Save, Enter, Win
The PrizeSaver Account is built to be easy to understand and even easier to use. It combines the benefits of a traditional savings account with the thrill of a prize draw, making it ideal for anyone who wants to build a savings habit in a fun and engaging way.
- Every £1 saved = 1 entry into the monthly draw (up to 200 entries).
- Top prize of £5,000 every month, plus multiple smaller prizes.
- Easy access savings, so your money is always available when you need it.
- No fees or extra costs, making it a low‑pressure way to save.
- Quarterly ESLCU Members‑Only Prize Draw, giving you even more chances to win.
This account is perfect for anyone who wants to save regularly, enjoy the possibility of winning cash prizes and stay connected to a supportive, ethical financial community.
🏆 Monthly Prizes You Could Win
The national PrizeSaver draw offers a generous range of prizes every month. This includes:
- 1 x £5,000 prize
- 10 x £50 prizes
- 10 x £20 prizes
These prizes are awarded every month, giving savers frequent opportunities to win. The more you save (up to £200), the more entries you have, and the more chances you get.
In addition to the national draw, ESLCU runs its own exclusive quarterly prize draw for members. This includes:
- 1 x £50 prize
- 2 x £25 prizes
- 5 x £5 prizes
This means that by saving with ESLCU, you’re not only building your financial resilience, you’re also gaining access to extra rewards that are only available to our members.
Easy Access Savings, Simple, Flexible and Member Friendly
We know that flexibility matters. That’s why both your regular savings and PrizeSaver accounts are easy access, giving you the freedom to withdraw your money whenever you need it. You can manage your accounts through the online Membership Area, where you can check balances, transfer funds and request withdrawals.
Withdrawal requests are processed every two hours during our working hours, ensuring that your money is available quickly and without hassle. This makes the PrizeSaver Account a practical option for everyday savers who want both accessibility and excitement
Tip: Set up a regular transfer from your savings account to the Prize Saver account and see how even a small regular amount can grow.
A Cooperative That Puts Members First
ESLCU is a member‑owned cooperative, which means we exist to support you, not external shareholders. When you join us, you become part of a community that values fairness, transparency and local impact.
As a member, you can:
- Vote at our AGM, helping shape the future of the credit union.
- Receive an annual dividend, depending on our financial performance.
- Support local people, as your savings help fund affordable loans across East Anglia.
- Be part of an ethical financial community, where decisions are made with members in mind.
This is what makes credit unions different. We prioritise people, not profit, and we reinvest in the communities we serve.
Your Savings Are Fully Protected
Your security matters. All savings with ESLCU, including the PrizeSaver Account, are protected by the Financial Services Compensation Scheme (FSCS). This means your money is safeguarded in the same way as it would be with a bank or building society.
Your PrizeSaver balance also counts towards any potential entitlement under our Free Life Insurance benefit, which is included as part of your ESLCU membership. This gives you additional peace of mind and extra value at no extra cost.
How to Join ESLCU and Open a PrizeSaver Account
Joining ESLCU is straightforward and designed to be as accessible as possible.
- Complete the Membership Form; Fill in the online form on our website. There is a £1 monthly membership fee for all accounts, which helps support the running of our cooperative.
- Pay the £5 Joining Fee; You can pay securely using PayPal or GoCardless. This fee helps us verify your membership and set up your account.
- Receive Your Membership Details; Once approved, you’ll receive an email with your membership number, account details and helpful information about ESLCU.
- Start Saving, and Start Entering the Prize Draws; You can add money to your PrizeSaver Account via the Members Area or by calling our friendly team on 03336 000690. Once your account is has some savings in, you’ll automatically be entered into the next prize draw.
Start Your Credit Union Journey Today
Join a cooperative that puts people first. With ESLCU, you can save ethically, support your community and enjoy the excitement of monthly prize draws, all with the security of FSCS protection as part of our member‑focused organisation.
Your savings, your community, your way.