Prizes 4 Saving Program
Saving can be rewarding! Thank you to everyone who participated in our Prizes 4 Savings program this year. The enrollment and qualifying period for this program is now officially closed.
Contact us to open a new Money Market savings account by emailing fedecu@fedins.com, calling 507-455-5430, or stopping by one of our offices located in the Owatonna Federated Insurance buildings for personalized service.
Prizes Drawings
We are excited to announce participants saved over $ 21,500.00 with this program. Congratulations to our winners who were randomly selected for our quarterly and end of year cash prize drawings!
We invite you to learn more about what we have to offer. Whether you’re looking for resources, training opportunities, or exclusive perks, we have something for everyone.
Recurring Deposit Options
Members can set up recurring deposits with a minimum of $100 to their registered Money Market account. Qualifying deposits can be set up using direct deposit from an employer or other source, online transfers, and scheduled transfers from another financial institution. Transfers between FECU accounts do not qualify for entry into the drawing. Qualifying deposits will be entered into quarterly and end-of-year cash prize drawings based on statement cycle month they post and clear the account. A maximum of four entries per month will qualify for the quarterly drawing. A maximum of forty-eight entries will qualify for the annual drawing.
Prizes 4 Saving Rules
This program is closed and no longer accepting participant entries. Prizes 4 Saving requires setting up a direct deposit ($100 minimum) using your FECU routing number and Money Market account number or transfers from another financial institution into your Money Market account. Transfers between FECU accounts do not qualify for entry into the drawing. Checks deposited into the account will not qualify. Only one Money Market account per person is eligible for the drawing entries. A maximum of four (4) entries per month and a maximum of twelve (12) entries will qualify for the quarterly drawing. A maximum of four (4) entries per month and forty-eight (48) entries per twelve (12) month savings period will qualify for the annual drawing. Winners of one quarterly prize will still be entered and eligible to win the annual prize category in the same year. There are no monthly service fees. Money Market account dividends are credited monthly. Money Market withdrawal minimum is $500 and is limited to three withdrawals per month. Exceeding max withdrawals on your Money Market account may result in a fee. Additional information can be found in the Truth In Savings Account Disclosures and Fee Schedule. By submitting the completed registration form, the members are agreeing to the terms and conditions. Participants must be in good standing with the credit union. Trust accounts or non-member account holders are ineligible. If an account is closed, the member is ineligible. Winners are randomly chosen from all qualified entries. Winners will be responsible for reporting and paying applicable state and federal taxes on prizes awarded. Drawings occur around the 10th of the month for the deposits made in the previous quarter. Transaction must be posted during the statement cycle to qualify for that month. Held funds will be entered on the day they post and clear the account. Please review the Funds Availability Policy on our webpage, www.fedecu.com, or call 507-455-5430 for details. Names and services are property of their respective owners. This drawing is not affiliated with or sponsored by third parties.
Published Date: December 31, 2024
Categories: News and Promos