Save To Win
What is Save to Win?
It's a very different Certificate
of Deposit account now available at twenty
one Michigan credit unions, including Peoples Trust. It is designed to
making saving fun, allowing you to start with as little as $25 and then
awarding you with chances to win cash prizes as your CD balance increases.
You can deposit to your Save to Win CD as often as you want during the 12-month term.
Each $25 increase in your Save to Win balance will give you a chance to win - up
to 10 chances every month.
How do I open an account?
Simply contact a Peoples Trust financial service representative at any of our four branches and request a 12-month Save to Win share certificate. Are you looking to join a great credit union with top-notch service? Peoples Trust CU is the one to join! Call (866) 600-PTCU (7828) for friendly assistance.What are the prizes?
The real prize is the nice savings balance you will build as you make regular deposits to your Save to Win account each month. But to make things exciting, there's one annual grand prize of $100,000 that will be awarded in January 2011. In addition, PTCU will draw winners totaling $500 each month: 4 members x $25; 3 members x $50; 2 members x $125. All Save to Win account holders at participating credit unions in Michigan will be eligible for the grand prize of $100,000. A total of $6,000 annually in monthly prizes will be awarded at PTCU!How are prize entries calculated?
At the end of each month, our computer system will look at your Save to Win account balance and will automatically give you one prize entry for each $25 increase. For example, if you make $50 in Save to Win deposits during one month, you will receive two prize entries for that month. Those entries will also be added into the grand prize drawing, giving you additional chances to take home the $100,000!Click here for Official Rules, including a list of participating Save to Win credit unions.
Great Rates and Choices for You Insured Savings
- Earn competitive yields on certificates with terms from 3 months to 7 years.
- Earn a high certificate yield for one year on a smaller balance with the ability to add to it during the year. Our Add-On Savings Certificate allows you to start with a minimum $300 balance and make additional deposits of $20 or more as often as you like
- For daily flexibility, Peoples Trust offers great yields on insured Money Market Plus Savings, too.
- Check all of our competitive savings rates.
Many Individual Retirement Account Choices
A traditional or Roth IRA is a great way to save for retirement with income tax advantages. IRAs are now federally insured to $250,000. We offer several choices for your IRA:
- A Money Market IRA - earn a higher rate on this liquid account with as little as $1,000. The yield is tiered based on the balance,. This is a great option for members who are making regular withdrawals from their IRA.
- Add-on IRA Certificate – start with as little as $300 and add $20 or more at any time. One year term only. Start small and watch your retirement savings grow!
- IRA certificates with terms from one to seven years.
- Variable Rate IRA Savings with a minimum balance of just $100
Peoples Trust Has a Better Deal for Auto Financing
If you are tempted by low loan rates offered by auto dealers, look carefully. Usually you’ll save money by taking a rebate and getting your loan at Peoples Trust. Here’s an example with a choice of low rate financing or a rebate:
| Where Financed | Peoples Trust CU | Auto Dealer |
| Vehicle Price, with tax | $24,000.00 | $24,000.00 |
| Cash Rebate | - $3,000.00 | - $0.00 |
| Monthly Payment, 60 months | $405.99 at 6.0% APR | $430.18 at 2.9% APR |
| Total of 60 Payments | $24,359.40 | $25,810.80 |
In this example, you’d save $1,451.40 by taking the rebate and getting your loan at Peoples Trust!
First Time Car Buyer’s Program
If you are 17 to 25 and shopping for your first car, make sure you come to PTCU for your financing. You will receive a discount of 0.50% off our standard rate. Plus, for a limited time, we will help put gas in your tank with a $50 gas card! And when we approve you for the car loan, you are immediately eligible to receive a $500 limit for a VISA Classic Credit Card. How to buy a used car.
New Members – We’ll Deposit Your Initial $10 Savings Share
Peoples Trust will make the initial $10 share savings deposit when a new member (1) gets a loan; (2) or opens a checking account, a money market account, a savings certificate or an IRA; or (3) starts direct deposit of pay, retirement or a recurring payment.
