Save to Win 101
Who needs scratch-off lottery tickets and Powerball? Some credit unions are offering a program that allows you to win prizes as you save your money, at no risk to you. Not surprisingly, the program is called Save to Win.
The program was developed in Michigan in 2009 as an innovative way to encourage lower- and middle-income residents to participate in savings programs and develop better savings habits. So far, Save to Win is available in six states: a multi-state pool in Michigan, Nebraska, and Connecticut, with individual pools in North Carolina, Washington, and an initial entry into Virginia.
To enter, join a participating credit union and open an account known as a Save to Win share certificate. A searchable list of credit unions is available through a drop-down menu on the Save to Win home page. You must be 18 years of age or older to open an account and must meet the credit union's eligibility requireme...
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