Building up your savings can seem like an overwhelming task, especially if you don’t feel like you have anything left to save after paying bills.
Certificates of Deposit (CDs) are a good way to save because they give you a higher interest rate than a regular savings account. However, most CDs require a few hundred dollars to get started and you can’t usually add deposits after it’s been opened. The Save to Win CD is different.
“To me, it’s a triple benefit account. Members can save, earn better interest, and it’s an opportunity to win money.”
Northwest Community is one of nine credit unions in Oregon participating in the Save to Win CD program. A Save to Win CD helps you build up your savings a little bit at a time by allowing you to deposit small amounts of money whenever you want.
“Members are very excited about this,” said Kelly Flye, a Member Service Specialist at our Morrison Street Branch. “To me, it’s a triple benefit account. Members can save, earn better interest, and it’s an opportunity to win money.”
Start small with $25
Most CDs require a larger deposit, anywhere from $250 to $1,000. You can open a Save to Win CD with only $25! And you can add as much or as little as you like, whenever you want.
How Much can You Win?
Every $25 deposit* you make each month gets you an entry for monthly and quarterly drawings. These drawings are for cash prizes—if you win, winnings are deposited into your savings account. With monthly drawings, you have a chance to win $25; you can win anywhere from $100 up to $5,000 with quarterly drawings.
Congratulations to our recent NWCU winners! Here are those who won the last quarterly drawing:
|Third Quarter Winners of 2021
|Jerry B. of Redmond||$500
|Therese M. of Cottage Grove||$500
|David S. of Jefferson||$500
Whether you already have a savings plan in place or just need motivation to start, this CD can help you build up savings, earn interest, and have several chances to win up to $5,000!
Call us at (800) 452-9515 or visit a local branch to open a Save to Win CD account today. Learn more about the Save to Win CD or see its rates and rules. Federally insured by NCUA.
*One (1) entry for every $25 increase in the monthly balance for the member in a Qualifying Certificate Account at month's end, with a maximum of ten (10) entries per month, per member.
The odds of winning: Actual odds of winning are based upon the number of eligible entries received. Each eligible entry shall have a chance of winning Central Monthly Prizes and Central Quarterly prizes that is equal to that of all other entries in the Raffle. Except for making deposits as described, taking any other action, or purchasing any goods or services, will not increase the odds of winning. Fees may reduce earnings on the account.
Contest conducted by CU Solutions Group, Incorporated (CUSG), 38695 W. Seven Mile Road, Suite 200, Livonia, Michigan.