Skipton Building Society has announced a new Members' Draw offering a total of £540,000 in cash prizes over a 12-month period. Starting on 1 October 2026 and running until 1 September 2027, this initiative will see eight members win monthly prizes ranging up to £25,000.
Every month, £50,000 will be distributed among eight randomly selected members. The prize breakdown includes one grand prize of £25,000, two prizes of £10,000, and five prizes of £1,000. Membership automatically enters eligible individuals into the draw, with longer-standing members enjoying additional chances to win.
The prize draw will be conducted on the first working day of each month throughout the year. To qualify, Skipton members must be aged 18 or over, have a minimum of £100 in savings or an outstanding mortgage balance of £100 or more, and reside in the UK (excluding Northern Ireland).
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Nick Mortimer, Chief Marketing Officer at Skipton Building Society, stated: “As a mutual, our members are central to everything we do. We are always seeking meaningful ways to recognise and reward those who save and borrow with us. Launching the Members' Draw allows us to give eligible members the exciting chance to win cash prizes each month.”
Winners will be contacted within 30 calendar days following each draw using their registered contact details, whether by phone, email, post, or in person.
Mr Mortimer added: “Whether someone has recently joined Skipton or been with us for many years, the Members' Draw is another way we support and reward our savings and mortgage members, helping them to build brighter financial futures.”