Prizes may spice up the boring old savings account

With Prize-Linked Savings legislation recently passed in Missouri, the St. Louis Post-Dispatch reports on a spark of interest among credit unions in the state.

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Tim Flacke Speaks at Senate Committee on Aging

Last week, Commonwealth Executive Director Tim Flacke was in Washington, D.C. to speak at a Senate Special Committee on Aging hearing, titled "Closing the Gap: Innovations to Promote Americans' Financial Security." Tim was part of a group of…

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Aging Committee Hearing: The latest ideas to raise retirement readiness

Planadviser reports on a recent Senate Committee on Aging hearing, where Commonwealth Executive Director Tim Flacke discussed various solutions to help with financial security.

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Area credit union rolls out WINcentive savings accounts

SCTimes covers the excitement of Minnesotans for the introduction of WINcentive, the state's first Prize-Linked Savings program.

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Indiana credit union members save money and win cash

A press release from CU Insight tells of a number of Indiana credit union members who have won prizes as a reward for saving, thanks to Save to Win.

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SaveYourRefund 2016 Winner Ebony Brown-Parks

Commonwealth is proud to announce the SaveYourRefund 2016 grand prize winner, Ebony Brown-Parks. Ebony and her family have regularly dealt with managing and overcoming financial volatility. Over the last ten years, Ebony’s income and…

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The Case for Savings Innovation on Prepaid Cards

A recent guest post on Payments Journal written by Commonwealth Innovation Strategist Mariele McGlazer proposes innovative solutions to make savings products on prepaid cards more exciting and engaging.

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Lucky Savers program helps New Yorkers save $6.5M

More than 4,000 members at 38 New York credit unions have saved an average of nearly $1,625 through Lucky Savers since it launched last October, according to a press release from CU Insight.

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Could gambling be the secret to saving when rates are so low?

A blog post on The Conversation says that the popularity of Prize-Linked Savings shows that it may be the key to boosting savings rates.

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Save Money, Win a Prize!

The Millionaire Corner blog reports that federal and state legislation allowing banks and credit unions across the country to begin offering Prize-Linked Savings programs could be beneficial.

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One Surprising Way to Get People to Save More

The Wall Street Journal reports on a recent study of a savings program in South Africa that further shows the success of Prize-Linked Savings.

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SavingsQuest Wins “Best Prepaid Innovation”

Commonwealth, then known as D2D Fund, was honored to receive the Gold Medal for Best Prepaid Innovation at the 2016 PYMNTS Innovator Awards on March 17th for SavingsQuest, a gamified website and mobile app that encourages saving. …

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The Future of Saving

In a post on the CFED "Inclusive Economy" blog,  Commonwealth Senior Innovation Strategist Melissa Goldberg discusses the introduction of the SAVINGS Act, which wwill bring U.S Savings Bonds into the 21st century.

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Two Mountain Credit Union members win $10k grand prizes in Save to Win raffle

A press release from CU Insight covers the Save to Win drawings that have rewarded savers with cash prizes in North Carolina.

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5 ways you can trick yourself into becoming a better saver

According to the Washington Post, Prize-Linked Savings accounts are one way to make saving money more exciting.

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Rainy-day raffle could encourage savings, Kansas senators say

The Wichita Eagle reports that politicians in Kansas are excited for Prize-Linked Savings as legislation works its way through the state.

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MassMutual turns to video games to boost retirement savings

InvestmentNews covers other companies have embraced games for financial education, like our own Financial Entertainment.

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Rochester man wins $1,000 in WINcentive Savings drawing

KIMT announces winners in Minnesota's first Prize-Linked Savings drawing

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Save your tax refund, and you could win some cash

The Detroit Free Press explains how low income families are encouraged to save $50 of their tax refund as part of SaveYourRefund.

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Could lottery-like prizes boost savings rates?

As Prize-Linked Savings spreads across the country, AZ Central reports that Arizona could be next.

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