Savings promotion definition

Savings promotion means a contest or promotion to encourage savings deposits that is sponsored by one or more banks, or by a banking trade association or its subsidiary in con- junction with one or more banks, and in which bank depositors are offered a chance to win designated prizes.

Savings promotion means a contest or promotion to encourage savings deposits that is sponsored by one or more credit unions, or by a credit union trade association or its subsidiary in conjunction with one or more credit unions, and in which credit union members are offered a chance to win designated prizes.

Savings promotion means a contest or promotion to encourage savings deposits that is sponsored by one or more sav- ings and loan associations, or by a banking or thrift trade associa- tion or its subsidiary in conjunction with one or more savings and loan associations, and in which savers are offered a chance to win designated prizes.

Examples of Savings promotion in a sentence

• Savings promotion raffles authorized under Section 5g of the Illinois Banking Act, Section 7008 of the Savings Bank Act, Section 42.7 of the Illinois Credit Union Act, Section 5136B of the National Bank Act (12 U.S.C. 25a), or Section 4 of the Home Owners' Loan Act (12 U.S.C. 1463).

• Savings promotion raffles.A savings bank may offer a savings promotion raffle in which the sole consideration required for a chance of winning designated prizes is the deposit of a minimum specified amount of money in a savings account or other savings program offered by the savings bank.

• Savings promotion raffles.A credit union may offer a savings promotion raffle in which the sole consideration required for a chance of winning designated prizes is the deposit of a minimum specified amount of money in a savings account or other savings program offered by the credit union.

• Special Note: From October 2, 2020 – June 30, 2021, U.S. dental offices which purchase a PRIMESCAN DI from an authorized DENTSPLY SIRONA dealer or distributor as part of the DENTSPLY SIRONA Primescan® Savings promotion shall be eligible to participate in this Program, even though the price of such equipment shall be below the manufacturer’s advertised price.

• Savings promotion raffles.A bank may offer a savings promotion raffle in which the sole consideration required for a chance of winning designated prizes is the deposit of a minimum specified amount of money in a savings account or other savings program offered by the bank.

• Savings promotion raffle means a contest conducted by a financial institution or credit union chartered under state or federal law or any agent or employee thereof in which a chance of winning a designated prize is obtained by the deposit of a specified amount of money in a savings account or other savings program if each entry has an equal chance of winning.

• Any examination of the contents of a box under this section shall be conducted in the presence of at least one employee of the Oregon operating institution.[1999 c.506§2; 2001 c.10 §1; 2003 c.395 §21; 2011 c.422 §4; 2013 c.366§82] 708A.660 Savings promotion raffles; rules.

• Savings promotion also played a central role in Rural SPEED, with the project team identifying savings as a foundational building block of rural wealth creation.

• Findings from the survey of consumers who participated in the Double Your Savings promotion substantiate this conclusion: approximately one-third of purchasers indicated that the rebate spurred their selection of an ENERGY STAR washer.

• Federally chartered financial institutions are permitted under these statutes to offer “savings promotion raffles.” Savings promotion raffles are defined as contests in which the sole consideration required for a chance of winning designated prizes is obtained by the deposit of a specified amount of money in a savings account or other savings program, and each ticket or entry has an equal chance of being drawn.

More Definitions of Savings promotion

Savings promotion means a contest or promotion sponsored by a depository institution in which a chance of winning designated prizes is obtained by its depositors for the purposes of encouraging depositors to build and maintain savings deposits.

Savings promotion means a contest or promo- tion to encourage savings deposits that is sponsored by one or more savings banks, or by a banking trade associa- tion or its subsidiary in conjunction with one or more sav- ings banks, and in which savings bank depositors are offered a chance to win designated prizes.

Savings promotion means a contest or promotion sponsored by a banking porganization in which a chance of winning designated prizes is obtained by the deposit of specified amount of money in a saving account, share account, share certificate, or other savings products or program;