Exciting news if you’re looking to save money in 2016: Financial One Credit Union will be taking part in WINcentive Savings, an incentive program that repays you for saving!
According to a survey done by bankrate.com in June of 2015, nearly 78% of Americans don’t have enough savings to cover them for six months if they were to lose their job. While this may be shocking, it’s even more disturbing that 29% of Americans don’t even have a saving account. Financial One is hoping to reverse this trend by partnering with WINcentive Savings and rewarding members for saving with cash prizes.
So how does WINcentive work?
Think of this program like a lottery, only you can never lose. For every $25 you deposit into your WINcentive capable savings account, you will be entered into a drawing to win $100 monthly, $500 quarterly and $5,000 annually. Four entries per month are permitted; that means if you deposit $25 per week, not only will you have been entered to win the prize money, but you would have also saved $100 - a complete win-win. Financial One is one of 14 credit unions in Minnesota taking part in this incentive program that started on January 1st. Visit mncun.org for more information on the WINcentive program.
Not sure how you want to save?
Financial One not only has a well-informed staff that can help you figure out what’s important to you, but we also offer a variety of savings accounts to meet your individual needs. Individual Retirement Accounts (IRAs) are ideal for planning for the future, and Health Savings Accounts are perfect for members who want to set aside funds for medical expenses before they arise. These are just a few of the accounts offered; you can learn about more ways to save on our website.
For more information contact us on the web, or give us a call at (763) 404-7600. The first WINcentive Savings drawing for January deposits begin in February, so now is the perfect time to start saving!