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People Driven Credit Union

Save To Win® Options

Round up to Win

Grow your savings, boost your chances to win big!

Triple the Chances to Win Big!

At People Driven Credit Union, we believe saving money should be exciting and rewarding. For that reason, we offer three unique programs designed to help you build your savings while also giving you the chance to win fantastic cash prizes. Regardless you’re just starting out or ready to grow your savings faster, choose a Save To Win® Certificate, open a Save To Win® Savings Account, or enroll in Round Up To Win. Each option provides a fun and easy way to grow your savings and increase your chances to win. In fact, the more you save, the better your chances become!

1. Save To Win® Certificate

Save, Earn Interest, and Win!

With our Save To Win® Certificate, you can earn 2.70% APY² on your savings while entering for a chance to win monthly, quarterly, and annual cash prizes. Once you’ve saved $25 in your certificate of deposit, you earn one entry into the prize drawings. The more you save, the better your chances to win!

  • APY: 2.70% APY²
  • Minimum Deposit: $25
  • Monthly, Quarterly, and Annual Prizes: $25, $50, $100, $1,000, and more!

2. Savings Account Save To Win®

Saving Made Simple and Fun

Our Save To Win® Savings Account allows you to save while earning 0.01% APY². When you add $25 to your account, you earn one entry for a chance to win. Additionally, with Round Up To Win, you can automatically round up your everyday debit card purchases. That extra change goes straight into your account, boosting your savings and giving you even more chances to win.

  • APY: 0.01% APY²
  • Minimum Deposit: $0
  • Prizes: Monthly, Quarterly, and Annual drawings

3. Round Up To Win

Make Every Purchase Work for You 

With Round Up To Win, saving has never been easier. Just link your debit card and automatically round up each purchase to the nearest dollar. As you spend, we round up your purchases and move the spare change into your Save To Win® Savings Account. As soon as your round-ups reach $25, you earn an entry into the prize drawings. It’s an effortless way to save and win!

  • No effort required: Automatically round up every purchase.
  • Earn entries for every $25 saved.
  • Win prizes: Monthly, quarterly, and annual cash rewards.

Why Choose All Three?

When you combine the power of all three programs, you get the best of both worlds: high-interest savings, automatic round-ups, and the excitement of cash prize drawings. Here’s why you should consider joining all three programs:

  • Maximize Your Savings: Not only does your money grow steadily with interest, but even better, you also earn chances to win big as you save.
    Earn More Entries: From making deposits to saving regularly and even rounding up your purchases, every action increases your chances to win.
  • No Risk, All Reward: You can’t lose, just save and win!

Start Your Journey Today!

Ready to start saving and winning? You can easily enroll in all three programs today. Be it your first step or your next smart move toward saving more a Save To Win® Certificate, create a Save To Win® Savings Account, or sign up for Round Up To Win, it’s simple to get started.

Frequently Asked Questions

APY stands for Annual Percentage Yield. It is a measure of the total amount of interest earned on an account based on the interest rate and the frequency of compounding over a year. APY is a useful metric for comparing the annual earnings on different savings products, such as savings accounts, CDs, and money market accounts, because it standardizes the effect of compounding.

Key Points About APY

  • Includes Compounding: APY accounts for how often interest is compounded (e.g., daily, monthly, quarterly), which can significantly affect the total interest earned over time.
  • Comparison Tool: APY provides a standard way to compare the annual interest earnings of different savings products, regardless of how frequently interest is compounded.
  • Formula: The formula for calculating APY is: 
    APY = (1 + r/n)^n - 1
    where r is the nominal interest rate (expressed as a decimal), and n is the number of compounding periods per year.
  • Higher APY: A higher APY indicates that you will earn more interest on your money over a year, assuming the same principal amount.

Example

For example, if a savings account offers an interest rate of 5% compounded monthly, the APY would be higher than 5% due to the effect of monthly compounding. This makes APY a useful metric for comparing the real return on different financial products.

No, there is no fee to participate in the Save to Win® Savings Account. You simply save money and earn chances to win.
You can open a Save to Win® Savings Account with $0. However, to earn entries into prize drawings, you must deposit at least $25 into your account. The more you save, the better your chances to win!
Prizes include monthly cash drawings ($100, $50, and $25), quarterly drawings for $1,000, and an annual grand prize. You can have up to 537 chances to win every quarter!
Each time you add $25 to your Save to Win® Savings Account, you earn one entry into the prize drawings. The more you save, the more entries you earn, increasing your chances of winning!
A Save to Win® Savings Account allows you to save money and enter for a chance to win cash prizes. For every $25 you save in the account, you earn one entry into monthly, quarterly, and annual prize drawings. The more you save, the better your chances to win!
Yes, you can withdraw your money early from the Save to Win® CD; however, penalties will apply. The APY² is based on the assumption that interest will remain in the account until maturity. If you make an early withdrawal, it may reduce your earnings.
  • For CDs with a term of 6 months or less, the penalty is the loss of 30 days’ interest.
  • For CDs with a term of greater than 6 months but less than 12 months, the penalty is the loss of 90 days’ interest.
  • The penalty for CDs with a term greater than 12 months is the loss of 180 days’ interest.
Please refer to the full terms and conditions for more details. The Save to Win® CD program may be discontinued or modified at any time.
The minimum deposit to open a Save to Win® CD is $25.
The APY² on the Save to Win® Certificate of Deposit is [wpdatatable_cell table_id=16 row_id="9" column_key="D"].
To participate, simply open a Save to Win® Certificate of Deposit with a minimum deposit of $25. For every $25 you add, you earn one entry into the prize drawings. There are monthly, quarterly, and annual drawings for cash prizes.
A Save to Win® CD is a special certificate of deposit that rewards you for saving. Every $25 you add to your CD earns you an entry into monthly, quarterly, and annual prize drawings. The more you save, the better your chances to win!
You can win monthly, quarterly, and annual cash prizes, just like with the Save to Win® Savings Account. The more you save, the better your chances to win! Please refer to the official Save to Win® Savings Account rules for complete details.
Yes, you can still participate in Round Up To Win! However, the more you use your debit card, the more opportunities you have to save and enter for prizes.
You earn one entry for every $25 saved through rounding up your debit card purchases. The more purchases you make, the more entries you earn.
To enable Round Up To Win, call 844-700-7328 or visit a branch. Once set up, your debit card purchases will automatically round up, and the extra change will be deposited into your Save to Win® Savings Account.
Round Up To Win allows you to round up your debit card purchases to the nearest dollar and automatically save the change into your Save to Win® Savings Account. Each time you save $25, you earn an entry for a chance to win exciting cash prizes.
Prizes are drawn randomly, and winning is based on the number of entries. There’s no guarantee of winning, but the more you save and the more entries you earn, the better your chances! Read the official Save to Win® Savings Promotion Raffle rules.
You must be 18 years old or older to participate in the Save to Win® programs and Round Up To Win.
Yes! You can open a Save to Win® Savings Account, a Save to Win® Certificate of Deposit, and enroll in the Round Up To Win program to maximize your chances to win and grow your savings.
When you’re comparing savings accounts, CDs, or other financial products, you’ll often see two numbers: an interest rate (or dividend rate, if it’s a credit union account) and an Annual Percentage Yield (APY). At first glance, they might seem like the same thing—but they’re not. Knowing the difference helps you make smarter financial choices, whether you’re opening a savings account or making a long-term investment. Let’s break it down.

Interest Rate or Dividend Rate: the Base Number

Interest Rate

The interest rate is the basic percentage a bank or credit union uses to calculate how much you’ll pay on a loan or earn on a deposit, before considering how often interest is added (compounded). Let’s say you open a credit union savings account with an interest rate of 3.00%. That’s the base rate your money earns before compounding is applied.

Dividend Rate

At a credit union, the term "dividend rate" is often used instead of "interest rate" for deposit accounts. As a member-owner, you’re technically receiving a share of the credit union’s earnings—similar to a dividend from a company. Functionally, though, the dividend rate works the same way as an interest rate on a bank account. [midtextcta headline="Your Loan Starts Here" text="Begin your path to financing your dream. We'll help you turn your financial goals into reality." button="Apply Now" button_link="" background="https://www.peopledrivencu.org/wp-content/uploads/2025/05/bg-ctablock-2-graphic.jpg"]

Annual Percentage: the Full Picture of Earnings or Costs

Annual Percentage Yield (APY)

APY shows how much you earn in a year on deposits, including the effects of compounding. Compounding is the process of earning interest on your interest (for deposits) or being charged interest on interest (for loans).  If your account compounds interest daily or monthly, you’ll earn a bit more than the base rate, because you start earning interest on the interest that’s already been added. That extra boost from compounding is why the APY is slightly higher than the interest/dividend rate.

Compounding Interest: Dividend Rate vs APY

APY provides a clearer picture of the actual annual earnings from savings accounts, money markets, and certificates because it includes compounding. For loans, APR is the more accurate number for comparing costs between offers, because it reflects compounding as well as fees.
  • Interest Rate/Dividend Rate: If a savings account offers a 5% interest rate compounded monthly, the nominal rate is 5%. This is the base number for how much your balance will grow before compounding.
  • APY: When considering the monthly compounding, the same account will have an APY slightly higher than 5% because the interest earned each month also earns interest in subsequent months.

Comparing Financial Offers Using APY

If you only look at the interest or dividend rate, you might think two products are equal—but differences in compounding or fees can make one clearly better for your wallet. A savings account with a slightly lower rate but daily compounding could earn you more than one with a higher rate but annual compounding.

Interest Rate vs APY Example

Always use APY when comparing savings products from different institutions. Knowing the difference between the base rate and APY helps you see the full picture, allowing you to make confident choices—whether you’re saving for a big purchase or making long-term investments. Let’s compare two savings accounts:  
Account Dividend/ Interest Rate Compounding

APY

A

 3.00% Annual 3.00%
B 3.00% Monthly

3.04%
Both accounts have the same base rate, but because Account B compounds monthly, the APY is slightly higher. That’s the effect of compounding. [midtextcta headline="Your Loan Starts Here" text="Begin your path to financing your dream. We'll help you turn your financial goals into reality." button="Apply Now" button_link="" background="https://www.peopledrivencu.org/wp-content/uploads/2025/05/bg-ctablock-2-graphic.jpg"]

Let Us Help You With the Next Big Stage of Your Life

At People Driven Credit Union, we’re dedicated to helping you achieve your financial goals. As a member-owned financial institution, we’re literally invested in your future—and stand behind our commitment to transparency, security, and service excellence. Become a member and open an account today!
Download the official People Driven Credit Union account and prize entry rules

Disclosures

People Driven Credit Union Savings Accounts are Federally insured to at least $250,000 by the NCUA and backed by the full faith and credit of the United States Government.

²APY=Annual Percentage Yield. Rates effective as of today and may change at any time. Penalties apply for early withdrawal. APY is based on the assumption that interest will remain in the account until maturity. Withdrawals and fees may reduce earnings. It may be discontinued or changed at any time. Early Withdrawal Penalty for fixed term certificates (CDs) and IRAs: Loss of 30 days interest for CDs with a term of 6 months or less. Loss of 90 days interest for CDs with a term greater than six months or equal to 12 months. Loss of 180 days interest for CDs with a term greater than 12 months.

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Save to Win®

The Save to Win® Savings Account, Save to Win® Certificate of Deposit, and Round Up To Win are available to People Driven Credit Union members who are at least 18 years old and reside in a state where prize-linked savings is permitted. Eligibility requirements may vary based on state law.

Winners are randomly selected from eligible entries in monthly, quarterly, and annual drawings. Entries are automatically earned based on qualifying deposits, with a maximum of 100 entries per month, 300 entries per quarter, and 1,200 entries per year. No additional actions are required to participate. All decisions regarding the raffle and prizes are final.

Please refer to the official Save to Win® Savings Account rules for full details.

Membership Requirement:

All accounts and loans require membership at People Driven Credit Union. Membership is available to individuals who live, work, worship, or attend school in the State of Michigan, as well as relatives of current members. To complete an application for any account or loan, you will need the following information:
  • A valid Driver's License, State ID, or Passport with your current address
  • Your Social Security Number
A Membership Share Savings Account is required to establish membership at People Driven Credit Union. A $5 deposit secures your ownership share in the credit union and unlocks access to our full suite of products and services. This account earns 0.01% APY with a $5 minimum deposit.