Save for a chance to win up to $5000!*
The prize-linked savings account helps you save money and gets you entered to win cash prizes through state-wide monthly, quarterly and yearly drawings! Kohler Credit Union will also conduct its own monthly drawing for 1 member to win $100! The more you save… the more chances you have to win!
Winners are drawn each month and are awarded the following amounts:
- Monthly winners - $100
- Quarterly winners - $1000
- Grand prize yearly winner - $5000
Here’s how the Saver’s Sweepstakes works:
- Open a Saver’s Sweepstakes account
- Earn 1 entry for every $25 you deposit in a month (up to 6 entries)
- The drawing will occur around the 15th of the month
In addition for a chance to win, members will establish good savings habits and watch their savings grow. The best part, unlike the lottery, there is no risk of losing your savings! You keep everything you save and earn interest on top of it!
|Minimum Balance*||Dividend Rate||APY*||Dividend Period||“Call KCU” Access|
|Saver’s Sweepstakes Account||$25.00||0.25%||0.25%||Monthly||Yes|
*$25 minimum deposit required to open a Kohler Credit Union Saver’s Sweepstakes account. 0.25% APY is accurate as of 7/1/19. Rates are subject to change after account is opened. APY equals annual percentage yield. The sweepstakes is open to Wisconsin, Illinois and Minnesota residents only and is a statewide drawing. Fiduciary and business accounts are not eligible. Entries are tallied for the primary owner on the account with a maximum of six entries per month. 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. Account is subject to a $10 withdrawal penalty with your first and second withdrawal from the account in an 11-month period. 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 during the anniversary month from when the account is opened and every 12 months thereafter. Other restrictions may apply. Membership is required.