zero fox

WINcentive® Savings Account

Save money and earn chances to win cash prizes!

Apply Now

WINcentive Savings logo

The Basics

Minnesota-based credit unions have teamed up to provide a fun and exciting way for their members to save money. WINcentive® Savings in Minnesota offers prize drawing entries for every $25 you save.  
The more money you save, the more chances you'll earn to win big cash prizes! Open a WINcentive savings account through Magnifi Financial and regularly deposit funds into the account to increase your entries in the monthly, quarterly, and annual cash prize drawings.
  • 1

    Open a WINcentive Savings Account

    Apply online, through digital banking, at a branch, or over the phone. Deposit $5 into the account to get started.

  • 2

    Deposit Funds Regularly

    Deposit a minimum of $25 each month to be included in the prize drawings. For every $25 increment you deposit, you'll earn another entry - up to four entries per month*. All the money you save plus the dividends earned is yours to keep. An unlimited number of deposits is allowed, and no monthly fees!

  • 3

    Save for 1 year

    Save money for one full year while earning chances to win cash prizes. During your anniversary month, you can choose to keep participating by keeping the funds or all but $25 in the account or withdraw your funds and close the account.

Cash Prize Winner

Get Started

Apply online and get saving today!

Cash Prizes

State-Wide Prize Drawings

Prizes drawn for the Minnesota Credit Union Network (MNCUN) from entries from all participating credit unions:

  • Monthly – 50 winners, $100 prize each
  • Quarterly – 5 winners, $1,000 prize each
  • Quarterly – 1 per Credit Union, $100 prize each
  • Special Holiday – 2 winners, $1,000 prize each
  • Annually – 2 winners, $5,000 prize

Magnifi Financial Member Drawings

Prizes drawn for Magnifi Financial members only:

  • Monthly – 3 winners, $50 prize each
  • Quarterly – 1 winner, $200 prize each

Account Requirements

To be eligible to win cash prizes, follow these account requirements:

  • Must be a Minnesota or Wisconsin resident at the time of the drawings
  • $5 minimum deposit to open, must be retained as long as the account is open
  • One WINcentive account per person per participating credit union
  • Must be in good standing with the credit union
  • Business and trust accounts, or other non-consumer accounts, are ineligible
  • Magnifi Financial board members are ineligible
  • Must complete a participation agreement with the credit union upon opening the account 

Prize Drawings Information

  • Drawings are held on or about the 10th day of each month for the previous month and/or quarter
  • Account holders are only eligible to win once per pool; example: if a member's account is drawn twice for the monthly drawing, they will only win one prize and another participant will be drawn
  • Account must be open and active during the drawing period to participate
  • Winners are chosen from qualified entries via an automated process through MNCUN
  • Account holders may win more than one prize category within the same year

Withdrawal Limits

Account is subject to withdrawal fees if funds are withdrawn during the 12-month savings period

  • First withdrawal (non-closure) from account will incur a $10 fee
  • Second withdrawal (non-closure) from account will incur a $25 fee
  • Third withdrawal will require account closure, no fee will be assessed
  • Full voluntary closure and withdrawal of all monies will not incur a fee

If an account is closed, the member is ineligible to open another WINcentive account at the same credit union for 90 days and all earned entries are forfeited.

After 12 months of saving, member is permitted to make one penalty-free withdrawal from the account for a period of 30 days after the anniversary date.

*Account holders get a maximum of four (4) entries per month; a maximum of twelve (12) entries per quarter; and a maximum of forty eight (48) entries per twelve (12) month savings period.

Winners will be responsible for reporting and paying applicable state and federal taxes on prizes awarded.

Get Started!

Apply online

Apply Online

New Members: Complete an application online.

Apply Now

Current Members: Apply in Digital Banking.

Login Now

Visit a local Magnifi Financial branch

Local Branch

Magnifi Financial has 25 local branches throughout Minnesota.

View Locations

Contact a Magnifi Financial team member

Contact Us

Talk to a Magnifi Financial team member. View Hours

Call Us

Schedule An Appointment for a Virtual or In-Person Meeting

magnifi icon

Join the Magnifi Family!

At Magnifi, you're not just a member-owner of an award-winning credit union, you become part of the Magnifi family and receive all the benefits and perks you need to succeed financially.

Am I Eligible? Become a Member