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…

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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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SAVINGS Act Introduced in Senate

We’re thrilled to share that Senators Patty Murray (D-WA), the top Democrat on the Health, Education, Labor, and Pensions (HELP) Committee, and Susan Collins (R-ME), Chairman of the Aging Committee, have introduced the SAVINGS Act…

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Affinity Plus one of 14 MN credit unions to offer WINcentive, a prize-linked savings account

A press release from CU Insight reports that credit unions in Minnesota are seeing success and excitement around the launch of WINcentive.

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Turn Your Tax Refund into More with myRA

As explained in a press release from the US Treasury, Form 8888 allows tax filers to save part of their refund in a myRA retirement account, as well as enter the SaveYourRefund promotion for a chance to win a cash prize.

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Here Is a Lottery-Type Savings Account You May Want to Try

An article in Latin Post describes how Prize-Linked Savings is a new kind of savings account.

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HCUA kicks off Mo. session with parity, prize-linked savings bills

CUNA News Now reports on the introdcution of prize-linked savings legislation in Missouri.

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Credit unions offer prizes for people who save money

Fox 9 television reports on the launch of WINcentive Savings in Minnesota, a prize-linked savings account.

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