Prize Savings Account
Prize Savings Account got an Upgrade!
October 2024 Winners$1,000 Winner: Linda R.
$2,000: Nicole A.
$3,000: Christina E.
A $200 Donations to the SPCA of Texas will be made on behalf of our October Winners!
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Why Choose a Prize Savings Account
Win Cash Just for Saving
Only $25 to Open
Earn Interest at 10x Higher
No Maintenance Fees¹
Prize Savings Account Rate vs Other Leading Banks
How It Works
Account Details
- Opening deposit minimum: $25 membership share
- No maintenance fees with an additional account or loan product or with an average monthly balance of $5001
- Unlimited deposits
- 3 free withdrawals each month2
- Earn 0.10% APY interest with a $100 minimum balance3
Watch This Year's Prize Savings Account Winner!
Karyn, a dedicated member for 15 years, has been awarded $49,999.99 through our unique Prize Savings Account program. Karyn's commitment to saving and financial prudence officially paid off when her name was selected in a random drawing among our Prize Savings Account holders. This exciting news was shared with Karyn during a special video call, as seen below!
Opening a Prize Savings Account is not only a fantastic way to encourage our members to save in the hope of getting rewarded, but it's also an excellent option for building emergency savings, combining the security of a savings account with the thrill of a prize draw. We're committed to providing our members with innovative financial solutions like this, making us your trusted partner in managing every day and emergency savings needs.
All of our Neighborhood Credit Union Accounts feature:
Set Up Direct Deposit
Earn Cash, Refer Friends
Send Money with Zelle®
Want to compare savings accounts side by side?
Account Type | Summary | Minimum Opening Deposit | APY* | Fees |
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High Yield Savings |
24/7 access to funds, no maintenance fees, access to funds with 3 free withdrawals per month
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$10,000 | 3.00% on $10,000 or more | If minimum balance is not maintained. See Rates & Fees page for current fees. |
Money Market |
Low minimum opening deposit, tiered interest rate, access to funds with 6 withdrawals per month
|
$1,000 |
$1,000-$9,999.99: 0.10%
$10,000 & up: 0.10%
|
If minimum balance is not maintained. See Rates & Fees page for current fees. |
60 Month Certificate of Deposit |
Low risk, interest rate compounded daily
|
$2,500 | 3.05% | Interest penalty may apply for early withdrawal |
Christmas Club |
Withdrawals not allowed until funds are transferred into Prize Savings in early November
|
$100 | 0.10% | Early closure fee |
Prize Savings |
Earn cash and prizes during weekly, monthly, and an annual grand prize drawing
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$25 | 0.10% | If minimum balance is not maintained and no other loan or deposit relationship exists. See Rates & Fees page for current fees. |
Individual Retirement Savings |
Save for retirement with a Traditional IRA or Roth IRA
|
$100 | 0.10% | None |
Special Savings |
Use to separate your funds for special purposes. Login to Online Banking to open online
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$25 | 0.10% | None |
Kid's Savings |
For kids ages 0 through 12
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$25 | 0.10% | None |
Frequently Asked Questions
Limit one (1) Prize Savings account per membership. Must be 18 years of age or older. Please refer to the Official Prize Entry Rules.