Save to Win
What is Save to Win?
It's a special savings account at your credit union that helps you build your savings while also giving you chances to win a grand prize of $25,000, plus monthly cash prizes! Each $25 deposit into this certificate helps you build your savings and gets you another chance to win – up to 10 chances every month. Plus, all the money you deposit into the Save to Win™ account is still yours, plus interest. It's a win-win situation.
How do I open an account?
Simply request a 12-month Save to Win share certificate and make an opening deposit of $25. Your initial deposit is your first step to savings and it is your first entry into this month's cash drawing and the grand prize drawing. As you continue to make additional deposits into the account, you will accumulate more entries in the monthly and grand prize drawings. The Save to Win account must be active at the time of the drawings, and you must be a resident of Nebraska to win.
How do I earn chances to win?
Every $25 deposited into your account, up to $250 per month, is another chance to win. You may make unlimited deposits of any amount into the account each month, but prize entries are limited to 10 per month.
What are the prizes?
The real prize is the savings account you will build with regular deposits each month. But to sweeten the pot, there is one annual grand prize of $25,000, to be awarded next January. The winner will be notified by phone and mail. All Save to Win account holders at participating credit unions in Nebraska will be eligible for the grand prize. The grand prize will be deposited into the winner's traditional share account. Plus, monthly cash prizes totaling $1,500 will be awarded.
In addition to the prizes listed above, SAC Federal Credit Union members are also eligible for the following prizes:
- For each of the months of January, February, and March 2014, 1 (one) $50.00 (fifty dollar) prizes will be awarded.
- For each of the months of April, May, and June 2014, 4 (four) $50.00 (fifty dollar) prizes will be awarded.
- For each of the months of July, August, and September 2014, 6 (six) $50.00 (fifty dollar) prizes will be awarded.
- For each of the months of October, November, and December 2014, 8 (eight) $50.00 (fifty dollar) prizes will be awarded.
Winners will be notified by phone and mail during the following month.
What is a certificate?
A certificate is a certificate of deposit issued by a credit union. You will earn a specified dividend if the certificate is held for the full term; in the case of Save to Win, the term is 12 months.
What's the dividend rate?
Please ask a Member Service Representative for the dividend on the Save to Win Certificate.
Can I withdraw money from my certificate?
Yes, you are allowed to take one withdrawal from your Save to Win account in the 12-month period. A participating member may make a maximum of one (1) withdrawal from their Qualifying Share Certificate Account during any twelve (12) month period, subject to any fees determined by the participating credit union.
How are my prize entries calculated?
Each month, we'll look at your current savings balance as compared to the previous month's balance. You'll receive one entry for every $25 increase. For example, if your Save to Win balance increases by $50, you will receive two prize entries for the month. Those prize entries will also be added into the grand prize drawing, giving you additional chances to take home the $25,000!
Why should I open a Save to Win account?
Because it's a win-win situation! Sure, you might win some of the monthly prizes and maybe even the grand prize, but with regular deposits into your Save to Win account all year, you are guaranteed to have more money saved than when you started.