Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Tag Archives: credit unions

“Save to Win” Lottery Encourages Saving Through Raffle Drawings

A consortium of Michigan credit unions have implemented an interesting scheme to add a bit of excitement to the otherwise boring act of buying a certificate of deposit (CD). From The Wall Street Journal:
Members who put $25 or more into a Save to Win one-year CD are entered into a monthly “savings raffle” for prizes up to $400, [...]