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People Driven Credit Union

Save to Win® Certificate of Deposit

A certificate of deposit that makes saving fun!

PDCU Membership and eligibility requirements apply, with approval subject to application.

Open a Save To Win® CD

One Year Save to Win® Certificate of Deposit

The More You Save, the Better Your Chances to Win!

Introducing the Save to Win® Certificate – a rewarding way to grow your savings and enter for a chance to win cash prizes! As a PDCU member, every time you add $25 to your certificate, you get one step closer to winning monthly and quarterly cash rewards.

  • APY²: 2.70%
  • Minimum Deposit: $25

PDCU Membership and eligibility requirements apply, with approval subject to application.

Open a Save to Win® CD

How the Save to Win® CD Works:

For every $25 added to your Save to Win® Certificate, you automatically earn an entry for monthly, quarterly, and annual prize drawings. The more you save, the more chances you have to win!

PDCU Membership and eligibility requirements apply, with approval subject to application.

Open a Save to Win® CD

The more you save, the better your chance to Win!

Monthly Prizes:

  • $100
  • $50
  • $25

Quarterly Prizes:

  • $1,000

Annual Prizes:

  • Grand Cash Prizes!

Plus, up to 537 chances to win every quarter!

Why Save to Win®?

  • No Risk, All Reward: You win just by saving!
  • Encourages Good Saving Habits: Build your financial future with each deposit.
  • No Fees to Enter: Just your savings working for you!

See the complete list of rules associated with Save To Win® and visit the official Save To Win® website to learn more.

Ready to Start Saving?

Open a Save to Win Certificate today and start entering for your chance to win – the more you save, the better your chances!

PDCU Membership and eligibility requirements apply, with approval subject to application.

Open a Save to Win® CD

 

Frequently Asked Questions

Yes, you can withdraw your money early from the Save to Win® CD; however, penalties will apply. The APY² is based on the assumption that interest will remain in the account until maturity. If you make an early withdrawal, it may reduce your earnings.
  • For CDs with a term of 6 months or less, the penalty is the loss of 30 days’ interest.
  • For CDs with a term of greater than 6 months but less than 12 months, the penalty is the loss of 90 days’ interest.
  • The penalty for CDs with a term greater than 12 months is the loss of 180 days’ interest.
Please refer to the full terms and conditions for more details. The Save to Win® CD program may be discontinued or modified at any time.
The minimum deposit to open a Save to Win® CD is $25.
The APY² on the Save to Win® Certificate of Deposit is [wpdatatable_cell table_id=16 row_id="9" column_key="D"].
To participate, simply open a Save to Win® Certificate of Deposit with a minimum deposit of $25. For every $25 you add, you earn one entry into the prize drawings. There are monthly, quarterly, and annual drawings for cash prizes.
A Save to Win® CD is a special certificate of deposit that rewards you for saving. Every $25 you add to your CD earns you an entry into monthly, quarterly, and annual prize drawings. The more you save, the better your chances to win!

APY stands for Annual Percentage Yield. It is a measure of the total amount of interest earned on an account based on the interest rate and the frequency of compounding over a year. APY is a useful metric for comparing the annual earnings on different savings products, such as savings accounts, CDs, and money market accounts, because it standardizes the effect of compounding.

Key Points About APY

  • Includes Compounding: APY accounts for how often interest is compounded (e.g., daily, monthly, quarterly), which can significantly affect the total interest earned over time.
  • Comparison Tool: APY provides a standard way to compare the annual interest earnings of different savings products, regardless of how frequently interest is compounded.
  • Formula: The formula for calculating APY is: 
    APY = (1 + r/n)^n - 1
    where r is the nominal interest rate (expressed as a decimal), and n is the number of compounding periods per year.
  • Higher APY: A higher APY indicates that you will earn more interest on your money over a year, assuming the same principal amount.

Example

For example, if a savings account offers an interest rate of 5% compounded monthly, the APY would be higher than 5% due to the effect of monthly compounding. This makes APY a useful metric for comparing the real return on different financial products.

I never thought I'd win!

G. West - PDCU $5,000 winner, 2017

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Disclosures

Federally Insured: Savings at People Driven Credit Union are federally insured to at least $250,000 by the NCUA and backed by the full faith and credit of the United States Government.

²APY = Annual Percentage Yield. APY is a standardized measure of the total interest earned on a deposit account over one year, based on the interest rate and the frequency of compounding. APY assumes that interest remains on deposit until maturity. Early withdrawals and applicable fees may reduce earnings. Rates are effective as of and are subject to change at any time without notice.


Save to Win®

The Save to Win® Savings Account, Save to Win® Certificate of Deposit, and Round Up To Win are available to People Driven Credit Union members who are at least 18 years old and reside in a state where prize-linked savings is permitted. Eligibility requirements may vary based on state law. Winners are randomly selected from eligible entries in monthly, quarterly, and annual drawings. Entries are automatically earned based on qualifying deposits, with a maximum of 100 entries per month, 300 entries per quarter, and 1,200 entries per year. No additional actions are required to participate. All decisions regarding the raffle and prizes are final. Please refer to the official Save to Win® Savings Account rules for full details.

Certificates of Deposit:

Early Withdrawal Penalties:

  • CDs with a term of 6 months or less: Loss of 30 days’ interest
  • CDs with a term greater than 6 months and up to 12 months: Loss of 90 days’ interest
  • CDs with a term greater than 12 months: Loss of 180 days’ interest
  • 9-Month CD Special: Loss of 90 days’ interest for early withdrawal

Minimum Deposit Requirements:

  • 9-Month CD Special: $500 minimum
  • Save to Win CD: $25 minimum
  • Youth CD: $25 minimum
  • Standard CDs (6 months+): $500 minimum, $250,000 maximum
  • Jumbo CDs: $25,000 minimum, $250,000 maximum

Certificate of Deposit Offered By:
People Driven Credit Union
24333 Lahser Road
Southfield, MI 48033
Phone: 844-700-7328


Membership Requirement:

All accounts and loans require membership at People Driven Credit Union. Membership is available to individuals who live, work, worship, or attend school in the State of Michigan, as well as relatives of current members. To complete an application for any account or loan, you will need the following information:
  • A valid Driver's License, State ID, or Passport with your current address
  • Your Social Security Number
A Membership Share Savings Account is required to establish membership at People Driven Credit Union. A $5 deposit secures your ownership share in the credit union and unlocks access to our full suite of products and services. This account earns 0.01% APY with a $5 minimum deposit.

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