Product Information
Save to Win is a special savings product that offers the participating credit union members an opportunity to win cash prizes — just for saving! The program offers a fun, innovative and exciting way to save, which empowers members to achieve financial success. Each $25 you save into a Save To Win account, earns you an entry into the monthly, quarterly and/or annual drawings (where applicable). Not only will you build your savings and earn interest/ dividends, but you can also win multiple prizes throughout the year. Eligibility requirements and Official Rules apply. Please reach out to a participating credit union for details.
Because it’s a no-risk and all-reward account. You have nothing to lose — and everything to win! Not everyone will win a cash prize, but with regular deposits you can watch your savings grow and be empowered to achieve financial success. You keep the money you save, earn interest/dividends, and earn chances to win big cash prizes. It’s a Win-Win-Win opportunity!
The best prize is to see your savings grow with regular deposits each month. But to make saving even sweeter, hundreds of monthly prizes and several quarterly prizes will be awarded throughout the year. The eligible winners will be notified by the credit union via phone, email and/or mail. Please refer to the credit union’s account disclosures and the credit union’s Official Rules for details. The Official Rules and a complete list of prizes are also available at www.savetowin.org.
A qualifying Save To Win Account may be either a share savings, share certificate or certificate of deposit depending on the account structure and offerings of the participating Credit Union, as determined by the participating Credit Union in its sole discretion. Rates and other terms and conditions of a Qualifying Account may vary among participating credit unions. Please refer to the participating credit union’s account disclosures for any account details, account limitations and/or applicable fees.
To participate in the program, you must open a qualified Save to Win account at a participating credit union. To find a participating credit union near you, click on "play now" at the top of this page and enter your zip code. Contact the credit union of your preference and speak to a representative today to get started. Eligibility requirements and Official Rules apply. Ask your representative for details.
Raffle Entries
An account holder earns one entry into the monthly, quarterly and/or annual prize drawings (where applicable), for every $25 increase in the monthly balance of the Qualifying Save To Win account at month’s end (month-over-month balance increase). This means there must be an increase in balance from the previous month by atleast $25 in order to earn the entries. The more you save, the more chances you receive to win! Max 100 entries per month. Max 300 per quarter. Max 1200 annual (where applicable).
An account holder earns One (1) entry for every $25 increase in the monthly balance of the Qualifying Save To Win account at month’s end (month over month balance increase). Max of 100 entries per month. Max 300 per quarter. Max 1200 per year (where applicable).
|
Starting Balance |
Month 1 Ending Balance |
Month 2 Ending Balance |
Month 3 Ending Balance |
Quarterly Drawing |
|
$0 |
$200 ($200 increase from previous month) |
$1700 ($1500 increase from previous month) |
$4700 ($3000 increase from previous month) |
|
|
|
= 8 Entries |
= 60 Entries |
= 100 Entries |
= 168 Entries |
Save to Win entries are calculated based on month-over-month balance increases. A withdrawal from your account could affect whether you had a balance increase for a particular month. If due to your withdrawal you do not have an balance increase compared to the prior month, you will not get entries for that particular drawing period.
Participant Requirements
Account requirements vary by state and credit union. Please refer to a participating credit union’s official rules and account disclosures for specific details and requirements.
Prizes
Winners that receive prizes totaling $600 or more each year are required to report earnings on their tax returns and may be required to pay applicable state and federal taxes. Credit unions will provide 1099 MISC forms to those winners in January for their previous year’s earnings.
Actual odds of winning are based upon the number of eligible entries received. For each eligible entry, the chance of winning monthly, quarterly or annual prizes is equal to that of all other entries in the raffle.
A Participating Member is limited to winning one Central prize per drawing period. A Participating Member is limited to winning one Credit Union prize per drawing period, if applicable. A Participating Member may be eligible to win both a Central prize and a Credit Union prize in the same drawing period, at the discretion of each participating credit union. Please refer to the participating credit union's official rules and account disclosures for details.
Drawings & Rules
You may also contact your credit union during normal business hours and request a copy of their Official Rules and request a copy of their account disclosures for any account details, any applicable fees, and/or limitations. Written copies of the authoritative and updated Official Rules are available at www.savetowin.org.
The eligible winners will be notified by the credit union via phone, email and/or mail.
National and state-wide drawings are held around the 14th of each month and quarterly in January, April, July and October. Some credit unions and states offer annual prize drawings (refer to your credit union’s Official Rules for details).
Implementation Documents
Exhibit A: Implementation Guide
Exhibit B: Official Rules Template - NEW 2023 (Only Update if there are changes needed)
Appendix 1: Implementation Checklist
Appendix 2: Credit Union Information Sheet
Appendix 3: Data Requirements & Sample Data File
Appendix 4: TIS Disclosure CERTIFICATE ACCOUNT Template
Appendix 4: TIS Disclosure SAVINGS ACCOUNT Template
Appendix 6: Process for Contacting Winners
Appendix 7: Winner Eligibility Checklist and PLS Eligible States
