FAQ Category: Save to Win Savings Account
Are Save to Win® Savings Accounts federally insured?
Yes. People Driven Credit Union savings accounts are federally insured by the National Credit Union Administration, backed by the full faith and credit of the United States Government.
Continue ReadingWho is eligible for Save to Win®?
Save to Win® is available to eligible PDCU members who meet the program requirements, including age and residency requirements where prize-linked savings is permitted. See the official rules for complete eligibility details.
Continue ReadingDo I need to be a PDCU member to open this account?
Yes. Membership and eligibility requirements apply. People Driven Credit Union membership is open to those who live, work, worship, or attend school in Michigan, plus relatives of current members.
Continue ReadingCan I access my money?
Yes. Your money remains in your savings account. Standard account access, transaction limits, and account rules may apply.
Continue ReadingAre my savings used to pay for the prizes?
No. Your savings remain yours. Save to Win® gives eligible members chances to win cash prizes while they build their savings.
Continue ReadingHow many entries can I earn each month?
You can earn up to 100 entries per month, subject to the official Save to Win® Savings Promotion Raffle rules.
Continue ReadingHow do I earn entries?
You earn one entry for each qualifying $25 increase in your Save to Win® Savings Account balance. Entry limits apply.
Continue ReadingHow does a Save to Win® Savings Account work?
You add money to the account over time. For every qualifying $25 increase in your account balance, you earn one entry into Save to Win® prize drawings, up to the entry limits listed in the Official Rules.
Continue ReadingWhat does APY mean?
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 ...
Continue ReadingIs there a fee to participate in the Save to Win® Savings Account?
No, there is no fee to participate in the Save to Win® Savings Account. You simply save money and earn chances to win.
Continue ReadingHow much do I need to open a Save to Win® Savings Account?
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!
Continue ReadingWhat prizes can I win with a Save to Win® Savings Account?
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!
Continue ReadingHow do I enter to win prizes with a Save to Win® Savings Account?
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!
Continue ReadingWhat is a Save to Win® Savings Account?
A Save to Win® Savings Account is a prize-linked savings account that helps you save money while earning entries into cash prize drawings through qualifying deposits.
Continue Reading
