Enter to Win Cash Prizes: Open a Save to Win® Savings Account
With our Save to Win® Savings Account, you can grow your savings while earning chances to win cash prizes. Every deposit gets you closer to your financial goals—and the opportunity to win monthly, quarterly, and annual prizes!
How It Works:
- Open Your Account: PDCU Members can open a Save to Win Account by logging in online or with the MyPDCU app.
- Earn Entries: For every $25 increase in your balance, you’ll earn an entry into monthly, quarterly, and annual prize drawings, up to 100 entries per month!
- Win Prizes: Each month, you have the chance to win cash prizes just for saving. Save more, and you’ll increase your chances in both central and PDCU-only drawings.
Membership and eligibility requirements apply, with approval subject to application.
How a Save to Win® Savings Account works
A Save to Win® Savings Account rewards the habit of saving. As you add money to the account, qualifying balance increases can earn entries into cash prize drawings.
For every $25 increase in your balance, you earn one entry, up to 100 entries per month. Entries are included in monthly, quarterly, and annual prize drawings, subject to the official rules.
Best for
A Save to Win® Savings Account is a good fit when you want extra motivation to save while keeping your money in a savings account.
- Building a savings habit
- Starting an emergency fund
- Saving a little at a time
- Setting aside money for future goals
- Earning chances to win cash prizes through qualifying deposits
- Keeping savings separate from everyday spending
- Adding fun to regular saving
Account details
Here is a quick look at how the Save to Win® Savings Account works.
| Feature | Save to Win® Savings Account |
|---|---|
| Minimum opening deposit | $0 |
| Participation fee | No fee to participate |
| How entries are earned | Earn one entry for each qualifying $25 increase in your account balance |
| Monthly entry limit | Up to 100 entries per month |
| Prize drawings | Monthly, quarterly, and annual drawings |
| Online and mobile access | Yes, through online banking and the MyPDCU app |
| Branch access | Yes, at any PDCU branch |
| Best use | Building savings while earning chances to win cash prizes |
| Membership | Membership and eligibility requirements apply |
Ways to use your account
You can use a Save to Win® Savings Account to build savings over time while earning entries through qualifying deposits.
- Set up recurring transfers from another PDCU account
- Move money into the account each payday
- Deposit extra funds from bonuses, refunds, or side income
- Use the account to separate savings from everyday spending
- Track your balance in online banking or the MyPDCU app
- Keep saving regularly to earn more eligible entries, up to the monthly limit
For example, adding $25 at a time can help you build momentum while earning entries into prize drawings.
Prize drawings and official rules
Save to Win® prize drawings may include monthly, quarterly, and annual cash prizes. Winners are randomly selected from eligible entries.
Prize amounts, entry limits, eligibility, and drawing details are governed by the official Save to Win® Savings Promotion Raffle rules. Review the official rules before participating.
Read the official Save to Win® Savings Promotion Raffle rules
Membership and account protection
Save to Win® Savings Accounts are available to qualifying People Driven Credit Union members who meet program eligibility requirements. Membership is open to those who live, work, worship, or attend school in Michigan, plus relatives of current members.
A $5 Membership Share Savings deposit establishes membership. Membership and eligibility requirements apply. Approval is subject to application.
Your savings are federally insured by the National Credit Union Administration, backed by the full faith and credit of the United States Government.
How to open a Save to Win® Savings Account
Opening a Save to Win® Savings Account is simple. Current PDCU members can open the account through online banking, the MyPDCU app, or by visiting a branch.
New to PDCU? You will need to become a member before opening this account. Membership and eligibility requirements apply.
Frequently asked questions
- 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.
