Save to Win


Save to Win is a special 1-year certificate at HFCU that helps you build your savings while also giving you chances to win $5,000 quarterly prizes and monthly cash prizes!

Here is how it works:

Visit any HFCU branch and open your Save to Win certificate today!

Frequently Asked Questions

Q: What is Save to Win?

A: It’s a special certificate at HFCU that helps you build your savings while also giving you chances to win $5,000 quarterly prizes, plus monthly cash prizes! Every time you save $25 in a Save to Win certificate, you get another chance to win — up to 10 chances every month. Plus, all the money you deposit into the Save to Win share is still yours, plus dividends. It’s savings — with benefits!

Q: What kind of share is the Save to Win share?

A: Save to Win is a prize-linked savings share that offers the chance to win prizes in addition to earning regular interest in participating states. It requires a small opening deposit of $25.

Q: What is a Save to Win share certificate?

A: A Save to Win share certificate is a fixed-rate, fixed-term share issued by HFCU. You will earn a specified dividend if the certificate is held for the full term; in the case of Save to Win, the term is 12 months.

Q: How does the Save to Win share work?

A: The goal of the Save to Win share is to foster a regular habit of saving among account holders. The more one saves (up to $250 per month); the more opportunity one has to win.  For every $25 deposit, an account holder earns one entry into the monthly and quarterly prize drawings. There is no minimum number of deposits required, but there is a maximum of 10 entries per month/30 entries per quarter per member.

Q: What’s the dividend rate?

A:  For more information on HFCU certificates and rates, visit our certificates page or ask a Member Service Representative.

Q: What are the prizes?

A: The real prize is the savings you will build with regular deposits into your certificate each month. But to sweeten the pot, monthly prizes and several quarterly prizes up to $5,000 will be awarded throughout the year. The winner will be notified by phone or mail. All Save to Win account holders at HFCU will be eligible for the prizes as long as the member meets the requirements of the Save to Win Official Rules provided by HFCU at share opening. Prizes will be deposited into the winners’ primary share. Official share and prize entry rules and a complete list of prizes are available at www.SaveToWin.org.

Q: When Save to Win certificates mature do they automatically roll over for a new 12-month term?

A: Yes, shares are set up to automatically renew after 12 months.

Q: Can a member win a central prize and a HFCU prize in the same month?

A: An individual member can win multiple prizes in the same month and can win prizes in consecutive months/quarters.

Q: How do I open a Save to Win share?

A: To participate, you must be at least 18 years or older and account holders must be in good standing with HFCU. Simply request a 1-year Save to Win share certificate and make an opening deposit of $25. Your initial deposit is your first step to saving and is your first entry into the monthly and quarterly prize drawings. As you continue to make additional deposits into the share, you will accumulate more entries in the monthly and quarterly prize drawings.

Q: Can I participate in prize drawings if I live in Kentucky?

A: To participate you must be a legal resident of a participating state (Indiana and Illinois are participating, but Kentucky residents are not eligible at this time) of a prize-linked saving state and a member of HFCU. To search for participating states, use the credit union finder at the top of the Save to Win web page and select the dropdown for your state and the county near you.

Q. If I live in Kentucky, can I open a Save to Win certificate?

A: Yes, you can open a Save to Win account, but you are not eligible for prizes.

Q: Can a child open a Save to Win share or be joint on the share?

A: No. The rules state that the share is available only to members age 18 or older. Children may not be primary or joint account holders on a Save to Win share.

Q: Are HFCU board members, employees and/or their family members eligible to win prizes?

A: Credit union employees and board members are not eligible to receive drawing prizes (this includes joint ownership).

Q: Can a member have more than one Save to Win share?

A:  No. A member is limited to one share per social security number. If a member opened a share at more than one participating credit union, the share that was opened first will be the one that the member receives drawing entries for. Members of the same household can each have one Save to Win share each, as long as they meet other eligibility requirements

Q: What is the minimum balance required to be kept in the Save to Win share?

A: There is a $25 minimum balance requirement to keep the share open.

Q: Is there a monthly service fee for the share?

A: No, there are no monthly service fees for this share.

Q: Does the share need to be kept open a certain amount of time?

A: Yes. The Save to Win share needs to be kept open for 12 months. There are penalties for early withdrawal, including share closure.

Q: Can an account holder make any withdrawals during the 12-month term?

A: Yes. Account holders are permitted to make one withdrawal during the 12-month certificate term for a $25 fee and must leave at least $25 in the share to keep it open. If a second withdrawal occurs, the share will be closed.

Q: Does the share need to be kept open for a certain amount of time before it’s eligible to win?

A: Shares must be kept open through the drawing period in order for account holders to be eligible for prizes. For ex: the drawings are performed on the 14th day of each month for the previous month’s transactions. In order to be eligible for the current drawing, your share must be open through the last day of the previous month.

Q: Can a Save to Win share be opened on a business or trust account?

A: No. Save to Win is only available for personal accounts.

Q: Can a member win a central prize and a HFCU prize in the same month?

A: A member is limited to winning one central prize and one HFCU prize per prize period. An individual member can win multiple times and in consecutive months/quarters.

Q: How will prizes be awarded to members? How will winners be notified that they have won?

A: Prize winnings will be deposited into the member primary share.  HFCU will notify the winner by phone or mail.

Q: Will members be taxed on their winnings?

A: Yes, each winner is responsible for reporting and paying applicable state and federal taxes for monthly and quarterly prizes. HFCU is required to send a 1099 form to any member who wins an amount over $10.  

Q: Can a member withdraw all or a portion of their money from the certificate during the grace period and if so, will they be charged a withdrawal fee?

A: Members can withdraw money from their Save to Win share certificate at maturity during their grace period without being assessed a penalty, as long as they leave at least $25 in the share to keep it open. Members also have the option to withdraw all of their money and close the share at this time without being assessed a penalty fee.

Q: If members take out money during their grace period, will they lose entries for the monthly or quarterly prize drawings?

A: If a member withdraws more money than they deposit at maturity or anytime during the 12-month term, they will not earn entries for that drawing period. Entries are only earned when the month-over-month balance increases.

Q: If a member closes their share and wants to open a new share later in the year, is there a waiting period?

A: Yes, there is a 6-month waiting period for members to open a new Save to Win share.

Q: How can members increase their chances of winning?

A: The more deposits you make, the more entries you will earn toward the monthly and quarterly drawings.

 Q: Where can I find the Official Rules?

A: You can pick them up at your HFCU branch or download a PDF here.


Disclaimer: Official account and prize entry rules, and a complete list of prizes are available at savetowin.org. Void where prohibited by law. © CU Solutions Group, 2017. All rights reserved.