Win $5,000 in October with the Saver’s Sweepstakes!

An Educators Credit Union member will win $5,000 this October with the Saver’s Sweepstakes1!

The Saver’s Sweepstakes is a new prize-based savings account designed to help our members build better savings habits. For putting money into this share, you win entries into the sweepstakes! Here’s how it works:

  • Come into any Educators Credit Union branch and open an account.
  • For every $25 you deposit into your Saver’s Sweepstakes account, you earn an entry. You can earn up to six entries each month.
  • On the last business day of each month, the entries are put into a drawing. A random winner will be picked and announced the next month!
  • On Oct. 18, 2018, the first $5,000 winner will be announced to celebrate International Credit Union Day!
  • After October, members can still win $100 every month, $1,000 every quarter, and another $5,000 grand prize winner next October!

Don’t miss your chance. Open your Saver’s Sweepstakes account at any Educators Credit Union branch today! For more information on the Saver’s Sweepstakes or to see our branch locations and hours, visit our Saver’s Sweepstakes page.

 

1There is no minimum deposit required to open a Saver’s Sweepstakes account. This sweepstakes is open to Wisconsin, Illinois and Minnesota residents only. Entries are tallied for the primary owner on the account. Fiduciary and business accounts are not eligible. Each individual — limited by social security number — can have a maximum of six entries per month, 18 entries per quarter and 72 entries per year in Educators Credit Union drawings. The Saver’s Sweepstakes conducts statewide drawings. Each individual — limited by social security number — can have a maximum six entries per month, 18 entries per quarter and 72 entries per year in the statewide drawing. Entries are earned based on month-over-month increases in the Saver’s Sweepstakes account balance. Chances of winning are determined by the number of total entries per drawing. The Saver’s Sweepstakes account has an Annual Percentage Yield of 0.20%. The rate may change after the account is opened. The rate is accurate as of September 1, 2018. Account is subject to a $10 withdrawal penalty with your first and second withdrawal from the account. The account will be closed after your third withdrawal. Fees could reduce earnings. Account withdrawal could impact your total number of entries. A closed account will result in the forfeiture of all sweepstakes entries. Participants can make a penalty-free withdrawal from the account 12 months after the account is opened and every 12 months thereafter. Other restrictions may apply.

26 thoughts on “Win $5,000 in October with the Saver’s Sweepstakes!

    1. Hi Cassandra,
      You’ll have to go in and have an Educators Credit Union staff member start the account for you. It will be linked to your current savings account but needs to be activated.

  1. Hi,
    I went to the page and saw FAQ but not an official rules link. Where can I read the official rules for the sweepstakes?
    Thanks!

    1. Hi Venice, Please feel free to stop in any of our branches or call in to our member response center at 262.886.5900!

      Thanks,
      Emily

  2. This is not a typical account. Be sure to note: Account is subject to a $10 withdrawal penalty with your first and second withdrawal from the account. The account will be closed after your third withdrawal. Account withdrawal could impact your total number of entries. A closed account will result in the forfeiture of all sweepstakes entries. Participants can make a penalty-free withdrawal from the account 12 months after the account is opened and every 12 months thereafter.

    I do love ECU and have all kinds of accounts.

    1. Hi Elizabeth! Your are completely correct. This account is very similar to our Club Savings accounts – such as the Christmas savings.

  3. What date of each month is the drawing? The 18th? I just want to be sure to enter my 6 deposits before the drawing date.
    I’m a tad bit confused.
    i.e. – If I made my 6 deposits prior to the drawing date, let’s say… September 18th, I will be entered for each deposit, which is pulled on the last day of the month, for the October drawing? I’m asking because I didn’t open the Savers Sweepstakes until 9/22, so being after the 18th, those 6 deposits will not be entered in the October drawing?

    1. Thank you for your question, the drawing will take place on or around the 15th of every month.

      For this month’s drawing, it is the Saver’s Sweepstakes deposits that were made in September that qualify. Every $25 in a Saver’s Sweepstakes account, up to $150, counts as an entry into the drawing. So if you had $100 in your Saver’s Sweepstakes by our last business day in September, which was September 29th, you will have four entries into this month’s drawing.

  4. I already have a savings account with ECU. $25 every 2 weeks is automatically deposited into that account. How do I change that deposit to go into a savings sweepstake account?

    1. Hi Linda, You will have to open up a Saver’s Sweepstakes share at any branch or call in at 262.886.5900. Then you will be able to set up an automatic transfer to this share! Please let us know if you have any further questions!

  5. When is the next drawing for $1000? Since it’s every quarter, would the drawings be March, June, Sept. & Dec.?

    1. Thank you for your question Cheryl, March/June/September/December are the months for which entries are accumulated for the $1000 prize. However, the drawings don’t take place until the middle of the following month, so the $1000 winners are drawn in the middle of April/July/October/January.

    1. Thank you for your question Theresa, one way to check would be to look at the transaction history in Online Banking for the first deposit you put into Saver’s Sweepstakes. Otherwise we can help you learn your opening date in-person at any branch, over the phone at 262-886-5900 or through the secure chat in Online Banking.

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