Ten lucky savers will win £1,500 every month as part of a new lottery being run by Yorkshire Building Society.
The building society is now one of several big financial firms running a lottery -style deal for customers.
People signing up to its regular saver account, Make Me a Saver, will get 1 percent interest on up to £150 a month.
To be eligible for the prizes customers have to put at least £50 into the account every month.
There will be 11 prize draws, one each month between March 2022 and January 2023.
Chris Irwin, director of savings at Yorkshire Building Society director of savings Chris Irwin said: "Now more than ever, with current and potential future economic uncertainty, it's important for people to try and build their financial resilience where they can and for us as a society to help people to save.
"We want to continue to help people establish a healthy savings pot and improve their financial wellbeing and are trying to promote a save-first culture to help people put aside money that will help build a nest egg."
Have you won large sums on a bank savings deal? Message mirror.money.saving@mirror.co.uk
How good is the deal?
If a customer doesn't win £1,500 then any cash they deposit earns 1 percent interest.
That rate is okay but not brilliant for a regular saver deal.
The best regular saver rate on the open market is 1.75 percent, from Saffron Building Society.
The absolute best rate is 5 percent, from Cambridge Building Society - but that is only available to customers who have had another Cambridge deal, like a mortgage, for at least three years.
But a significant perk of the Yorkshire deal is that it allows unlimited withdrawals without losing any interest.
Most regular savers will either dock your interest if you take money out - or ban withdrawals entirely.
In that sense, the Yorkshire deal works a bit more like an easy access account, where savers can put in and take out cash much easier.
Looked at in that way, the 1 percent rate it pays is actually pretty good.
The top easy access deal at the moment pays 0.67 percent, from Shawbrook Bank, and savers must have at least £1,000 upfront to open it.
The other lottery-style savings deals available
Yorkshire Building Society is not the only financial firm running a savings account with a prize draw.
The best-known is National Savings & Investment Premium Bonds , the most popular savings deal in the UK.
These pay a top prize of £1million a month, to two lucky winners, with many other prizes available too.
Another veteran savings deal is the Windfall Bonds on offer from Family Building Society.
These need £10,000 to open - a major hurdle.
Each £10,000 bond is entered into a monthly raffle to win one of 21 monthly prizes.
Top prize is £50,0000, two bondholders get £10,000, three win £2,500 and fifteen get £1,000.
The odds of winning are much better than Premium Bonds, its main rival.
The chance of one £1 Premium Bond winning a prize every month is one in 34,500.
But with Family Building Society the chance is one in 714.
Another firm getting in on the act is Nationwide, which runs a monthly prize draw.
Its customers can win one of 8,008 prizes, ranging from £100 to one prize of £100,000.
The good bit is that all Nationwide mortgage and current account customers are opted in to the scheme automatically.
But because the firm has 14.2million customers, this affects the odds of winning.
The chance of winning any prize is one in 1,750, but that rises to one in 1,775,000 for the big prize.
Bank TSB gives out 55 prizes a month, ranging from £100 to £1,000.
But it only ever announced six draws , and there are now five left.
Customers are automatically signed up for the draw if they have a TSB Spend & Save or Spend & Save Plus current account and open one of the bank's Savings Pot accounts alongside it.
If you put at least £10 into the account a month and give the Savings Pot a title including the words 'My Dream', you will be entered into a draw to win five prizes of £1,000 and fifty prizes of £100.
To enrol, its current account customers need to put money into a 'savings pot' within their Spend & Save, or Spend & Save Plus current account.
Another lottery-style deal comes from Halifax, which is open to its current account customers.
Around 1,600 customers a month are entered into a draw, with three winning £100,000.
One snag is that you need to have had £5,000 in savings with Halifax for at least a month to be eligible for the draw.
