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Neighborhood Credit Union
Routing #311079270
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Routing #311079270
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Prize Savings Account

Prize Savings Account got an Upgrade!

Now, enjoy a rate 10x higher than major banks* and earn one entry for every $5 of your average monthly balance in your Prize Savings account. Three winners will be drawn monthly, with prizes of $3,000, $2,000, and $1,000, all announced together on social media. Additionally, for every month, we'll donate $200 to a charity chosen by members on behalf of the winners.

Congrats spelled out in gold letters

May 2024 Winners

$1,000 Winner: David McDowell
$2,000: Gregory Butson
$3,000: Diana Green

A $200 Donations the SPCA of Texas will be made on behalf of our April Winners!

Monthly Winners announced on the third week of each month on our Instagram and Facebook!

Why Choose a Prize Savings Account

Win Cash Just for Saving

Only $25 to Open

Earn Interest at 10x Higher

No Maintenance Fees¹

Prize Savings Account Rate vs Other Leading Banks

*The Annual Percentage Yield (APY) for our Savings Account is 0.10%, which is 10x times higher than the APY offered by major banks such as Chase, Bank of America, and Wells Fargo, who typically offer an APY of 0.01%. Current rates of major banks as of April 1, 2024.  

How It Works

Earn one entry for every $5 of your average monthly balance in your Prize Savings account. Each month, three individual winners will be drawn, with one receiving $3,000, another $2,000, and the third $1,000, all announced together via our social media. Our $49,999.99 Grand Prize will now be awarded annually on February 1st. Additionally, we're now donating $200 monthly to a charity chosen by members on behalf of the winners. Stay connected through our social media for these updates on your savings journey.

When you become a member of Neighborhood Credit Union, you will be required to open our Prize Savings Account with a minimum $25 deposit that will be held for the life of your membership. Why? This will be your Membership Share in the credit union making you a co-owner where you can reap member benefits and be involved in credit union operations.

Account Details

  • Opening deposit minimum: $25 membership share
  • No maintenance fees with an additional account or loan product or with an average monthly balance of $5001
  • Unlimited deposits
  • 3 free withdrawals each month2
  • Earn 0.10% APY interest with a $100 minimum balance3

Watch This Year's Prize Savings Account Winner! 

Karyn, a dedicated member for 15 years, has been awarded $49,999.99 through our unique Prize Savings Account program. Karyn's commitment to saving and financial prudence officially paid off when her name was selected in a random drawing among our Prize Savings Account holders. This exciting news was shared with Karyn during a special video call, as seen below! 

Opening a Prize Savings Account is not only a fantastic way to encourage our members to save in the hope of getting rewarded, but it's also an excellent option for building emergency savings, combining the security of a savings account with the thrill of a prize draw. We're committed to providing our members with innovative financial solutions like this, making us your trusted partner in managing every day and emergency savings needs.

All of our Neighborhood Credit Union Accounts feature:

 Ready to join the Neighborhood?

Set Up Direct Deposit
Neighborhood CU makes it easy to switch banks. Easily, quickly, and securely set up your direct deposit and automatic payments in one single step.

Refer Friends For Rewards
Whenever you refer friends who do not have a membership with us, you'll both be rewarded when they open a new checking account.

Send Money with Zelle®
Zelle is a fast, safe and easy way to send and request money. Funds are sent directly to an account, and all you need is the recipient's email or U.S. cell number. 

Want to compare savings accounts side by side?

Click the "Compare Accounts" button to explore in-depth.
Compare Accounts
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Cash Back Checking

Earn cash back rewards with no minimum balance.

Frequently Asked Questions

Every $5 in your Prize savings account monthly balance at the time of the drawing equals 1 entry. For example: if you have $10,000 in your Prize Savings account, then you would have 2,000 entries into the drawing.
This will be your Membership Share in the credit union establishing you as as co-owner where you can be involved in credit union operations. $25 will be held in this account as your ownership stake for the life of your membership.
Those who are ages 13 to 17 years old may establish membership at Neighborhood Credit Union through the Membership Savings account.

Limit one (1) Prize Savings account per membership. Must be 18 years of age or older. Please refer to the Official Prize Entry Rules.
1If no other loan or deposit product exists and the minimum balance is not maintained, a Minimum Relationship Fee applies. Please see the Rates and Fee Schedule for details.
2Any additional withdrawals per month will incur a fee. Please see the Rates and Fee Schedule for details.
3APY = Annual Percentage Yield. In order to earn stated annual percentage yield, a minimum balance is required. Please see the Truth-in-Savings Disclosures and the Rates and Fee Schedule for details.