Stories
Stories
01 Mar 2010
You Have to Save to Win
Re: Peter Tufano (MBA 1984)
Topics: Entertainment-Games, Gaming, and GamblingFinance-Banks and BankingFinance-Saving
Playing off the popularity of lottery games, HBS professor Peter Tufano has designed a savings program called “Save to Win,” now being tested at eight credit unions in Michigan. To participate, individuals open a one-year certificate of deposit, earning a chance to win a $100,000 prize for every $25 saved. Aside from better odds, the program offers something much more tangible for thrill-seeking lotto players: money in the bank. Since its launch in January 2009, Save to Win has attracted $3.8 million in new deposits from almost 9,500 members in its first 28 weeks of operation.
Post a Comment
Related Stories
-
- 01 Mar 2024
- HBS Alumni Bulletin
Game On
Re: Brian McCarthy (MBA 1972); By: Jen McFarland Flint; photographed by Edward Linsmier -
- 25 Aug 2022
- HBS Alumni Bulletin
Elevator Pitch: Wagr
Re: Mario Malave (MBA 2020); Eliana Eskinazi (MBA 2020) -
- 10 Mar 2021
- HBS Alumni Bulletin
Elevator Pitch: Game Time
Re: Hans ten Cate (MBA 2001) -
- 18 Sep 2019
- HBS Alumni Bulletin
Level Up
Re: Angela Ruggiero (MBA 2014); Jen Rottenberg (MBA 1996); Chris Marinak (MBA 2008); Michelle Difilippantonio Wilson (MBA 1992); Jon Mariner (MBA 1978); By: Paul Flannery and Dan Morrell; illustrations by Matt Chinworth
Stories Featuring Peter Tufano
-
- 07 Dec 2014
- Financial Times
Connecting Low-Income Households with Financial Services
Re: Peter Tufano (MBA 1984) -
- 15 Jan 2014
- Australian
B-Schools Should Offer Broader Perspective, Says Oxford's Tufano
Re: Peter Tufano (MBA 1984) -
- 02 Jun 2011
- Alumni Stories
Serious Fun
Re: Nick Maynard (MBA 2002); Peter Tufano (MBA 1984); By: Julia Hanna