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Ripco's *Saver's Sweepstakes Share Savings Account is a prize-linked savings program offered by Wisconsin credit unions. Saver's Sweepstakes share savings accounts are designed to help credit union members save while giving them chances to win statewide cash prize drawings.
Think of Saver's Sweepstakes accounts as being structured similarly to a Christmas Club Savings Account. Members can make deposits, and the money in the account is theirs, but their withdrawals are limited during the calendar year. Making deposits earns the primary share account holder entries into drawings for cash prizes.
There are fifty $100 winners drawn monthly, along with 4 quarterly $1000 winners, in addition to one annual $5000 winner. The prize pool currently totals $81,000 given away annually.
2019 Prize Schedule and Amounts