PrizeSaver

Save your money and get the chance to win a cash prize every month with Clockwise PrizeSaver.

PrizeSaver is an instant access savings account that automatically enters you into a monthly prize draw. Every £1 you hold at the end of the month gives you one entry into the following month's draw, up to 200 entries.

What's up for grabs?

Each monthly PrizeSaver draw includes 45 cash prizes, shared across participating credit unions.

1 × £3,000Top monthly prize
10 × £100Cash prizes
34 × £50Cash prizes

How PrizeSaver works

  1. Open an accountApply for a Clockwise PrizeSaver account and start saving.
  2. Save from £1Every £1 in your account at the end of the month earns one automatic entry into the following month's draw.
  3. Get up to 200 entriesA balance of £200 gives you the maximum 200 entries. You don't need to enter separately.
Good to know: You can keep more than £200 in your PrizeSaver account, but only the first £200 counts towards prize draw entries. Money saved does not guarantee a prize.

Account features and eligibility

Key features

  • 0.5% gross interest per annum, calculated daily and paid annually.
  • Instant access to your savings, with withdrawals available at any time.
  • Up to 200 automatic prize draw entries a month.
  • Up to £85,000 in total savings held with Clockwise, across your savings accounts.

Who can apply?

  • Clockwise members aged 18 or over.
  • New Clockwise members can join and apply online. Membership is free.
  • PrizeSaver accounts must be held in one person's name and cannot be joint or business accounts.

Full conditions of entry are set out in the PrizeSaver terms and conditions.

Your savings are protected

Previous Winners

Clockwise News

It pays to be a Clockwise Credit Union Member

This year Clockwise Credit Union gave back over £10,000 back to our members who borrowed money. Clockwise was thrilled to let Ellise, a Clockwise member from since 2019, know that she had won the £5000 grand prize

Read More »

Member Reviews

Compare Clockwise Savings Accounts

Instant AccessCash ISAGold SaverJISAPrize Saver
OverviewEasy access to your moneyTax free interest 90 Day Notice AccountSavings for a childEveryday SpendingWin up to £5000
Often Used ForGeneral SavingsLong Term SavingsSaving medium term for a specific goalPutting money away for a child's futureDay to day spending, cash withdrawals, direct debitsUnder £200 of savings
AER0.5%3.1%3.03%3.1%0%0.5%
AccessInstant Access to your money Instant Access to your money90 Day Notice to Access MoneyChild can access when they are over 18Instant Access to your moneyInstant Access to your money
Interest PaidYearlyYearlyQuarterlyYearlyN/AYearly
Yearly LimitNo limit*£20,000*No limit*£9000*No limit*£200
Who Can Apply?Clockwise Members Aged 18 or overClockwise Members Aged 18 or overClockwise Members Aged 18 or overClockwise Members Aged 18 or over - for a child under 18Clockwise Members Aged 18 or overClockwise Members Aged 18 or over
More Info & Apply

* £85,000 maximum amount across all your Clockwise savings accounts. Learn more about safe savings

Just like high street banks and building societies, the money you hold with Clockwise is protected by the Financial Services Compensation Scheme (FSCS), up to £120,000 per person.

Clockwise’s maximum deposit limit is £85,000, so all eligible savings you can hold with us are fully covered. For joint accounts, each person is protected up to Clockwise’s maximum deposit limit.

FSCS protection is automatic and free. If your bank, building society or credit union were ever unable to return your money, the FSCS would refund you up to the £120,000 limit.