There's nothing to lose with Save to Win.
Sometimes we need a little extra nudge to add to that savings stash we’ve been meaning to start. Whether it’s an emergency or vacation fund, Save to Win is the answer!
Save to Win is a program that gives you a chance to win monthly and quarterly prizes every time you add to your Certificate of Deposit (CD). Open a special Save to Win CD and for every $25.00 you deposit into the account, you will be entered into the contest – up to 10 entries per month.
Talk to a member of our team at a branch or by calling 773-565-2000 to open your Save to Win account.
About the Account
The Save to Win account is a 12-month certificate that you can open with as little as $25. Because it’s a special account, some things are a little different than our typical CD.
- Deposits can be made throughout the term of the CD.
- For every $25 deposit, you’ll earn one entry into the savings raffle – up to 10 per month/30 per quarter.
- One withdrawal can be made during the term of the CD for a $25 penalty.2
- Dividends are compounded and credited every quarter with a .75% APY.1
Answers to Frequently Asked Questions
In order to participate in the raffle and be eligible to win prizes, your account must be open through the drawing period and all participants must be at least of sufficient age to enter into a binding contract (18 in most states), a resident of a state in which the principal place of business of one or more participating credit unions is located and be a member with a regular share account (the account which qualifies the individual for membership), in good standing in the participating credit union.
There is a $25 minimum balance requirement to keep the account open. The account will automatically renew at maturity if the balance in the Save to Win account is greater than $25. The certificate will renew as a 12-month CD at the stated Save to Win CD rate. If the balance in the certificate is less than $25 or if account holders choose not to renew the certificate, the funds will be transferred to the account holder’s regular account at First Financial.
No. A member is limited to one account per person per participating credit union. If a member opened an account at more than one participating credit union, the account that was opened first will be the only one that they receive drawing entries for. Members of the same household can each have one Save to Win account, as long as they meet other eligibility requirements.
Yes. Account holders can make one withdrawal during the 12-month certificate term for a $25 fee and must leave at least $25 in the account to keep it open. If a second withdrawal occurs, the account will be closed.
Members will receive one entry in the monthly drawing for every $25 increase in month over month balance, up to a maximum of 10 entries per month. Each monthly entry is also entered into the quarterly prize drawing, up to a maximum of 30 entries per quarter.
Prize winnings will be deposited into the member regular share account. First Financial will notify the winner within 14 days of month-end.
Multiple credit unions and their members participate in the Save to Win program. Actual odds of winning are based upon the number of eligible entries received. For each eligible entry the chance of winning monthly or quarterly prizes is equal to that of all other entries in the raffle.
1: APY = Annual Percentage Rate. The APY is the percentage rate that reflects the total amount of dividends to be paid on an account based on the rate and frequency of compounding for an annual period. For all accounts, the dividend rate and APY are fixed and will be in effect for the initial term of the accounts. For accounts subject to dividends, compounding the APY is based on the assumption that dividends will remain on deposit until maturity. Dividends will not be paid if the account is closed at any time prior to maturity. Withdrawals may reduce earnings.
2: During the term of the Save to Win Certificate, account holders will be allowed to make one withdrawal from the account, with a $25.oo penalty to be assessed at the time of the withdrawal. If the early withdrawal reduces the principle below the minimum balance or a second withdrawal is performed in the 12-month term, the certificate will be closed. The credit union will deduct from the principle amount to cover the penalty.