Is saving money a challenge? If you are struggling to save, consider the Saver’s Sweepstakes account.
You can improve your money habits in a whole new way that actually makes saving fun! You’ll feel rewarded by watching your savings grow and experience the excitement of the prize drawings. Unlike playing the lottery, you don't lose anything with Saver’s Sweepstakes. All of the money you deposit into the account is yours!
Benefits
- $25.00 minimum balance
- Earn one entry into the statewide and GECU’s monthly, quarterly and annual drawings for each $25.00 increase in your balance. Limit 6 entries per month
- Payroll deduction available
- Earn 0.50% APY up to $2,500 and 0.10% APY over $2,500
- Must live in Wisconsin, Minnesota or Illinois to open and maintain an account
- Minor’s are eligible with guardian’s permission
- Stop in to open a Saver’s Sweepstakes account today! Or call us at 608-785-7720 for more information.
What is the Prize Pool?
Winners are informed or announced sometime around the 15th of each month for the previous months entries.
State-wide Pool:
| Prize Drawings | Number of winners | Prize Amounts | Total Winners | Total Prizes |
|---|---|---|---|---|
| Monthly | 75 | $100 | 900 | $90,000 |
| Quarterly | 5 | $1,000 | 20 | $20,000 |
| Annual (ICU Day) | 1 | $5,000 | 1 | $5,000 |
| Holiday | 10 | $500 | 10 | $5,000 |
| Total | $120,000 |
GECU Member-Only Drawing:
| Prize Drawings | Number of winners | Prize Amounts | Total Winners | Total Prizes |
|---|---|---|---|---|
| Monthly | 4 | $25 | 48 | $1,200 |
| Quarterly | 2 | $100 | 8 | $800 |
| Annual (ICU Day) | 1 | $500 | 1 | $500 |
| Total | 57 | $2,500 |
Cash prizes will be deposited into the winners regular savings. *APY=Annual Percentage Yield. Rate subject to change daily. Membership eligibility required. Refer to credit union for full program details.