Fri | Mar 23, 2018

VMBS launches Million Dollar Winners Club promotion

Published:Friday | February 3, 2017 | 12:00 AM

The Victoria Mutual Building Society (VMBS) is giving its members - not one, not two, not three - but four million reasons to save with the organisation, in its Million Dollar Winners Club promotion.

The promotion which started on January 29, 2017, gives new and existing members the opportunity to win $1 million every quarter, which means every eligible member has the opportunity to experience the feeling of becoming a millionaire every three months.

Fresh off the success of the Financial Independence Dream promotion which ran between 2015 and 2016, the Million Dollar Winners Club is rooted in the objective to encourage Jamaicans to save, which is most important as they strive to achieve financial independence.

"Many persons find it difficult to save, but if strong support is provided, saving is possible, and this was reinforced with the overwhelming response we received for the Financial Independence Dream promotion," said Peter Reid, CEO, VMBS.

"This year we are using a similar model. Our members save so they may advance or continue building their financial independence," Reid added.

VMBS' purpose is to assist its members to realise their financial goals.

"Our members are owners of the society, and we are committed to helping them realise their goals and achieve financial independence. A regular savings habit is an important part of that journey as it helps them to accumulate funds for various types of investments, such as buying a home," said Judith Forth-Blake, group chief customer and brand officer.

"This campaign is designed to provide an incentive to both new and existing members of Victoria Mutual to either start or continue along that journey. Coupled with the added value of low or no fees that our members currently enjoy, this promotion gives them another great reason to save with Victoria Mutual," Forth-Blake added.

VMBS savers or deposit account holders with a minimum J$20,000 in their accounts will automatically be entered and will also receive one chance for every J$20,000 in new funds added to their savings or deposit account during the period January 30, 2017 - December 29, 2017.

Winners will be randomly selected electronically and must be able to repeat the group's tagline - Building Your Financial Independence - in order to receive the prize.

Entrants must be 18 years or older and must be the primary account holder. The promotion will be conducted islandwide at all VMBS locations. For further information, persons may visit or call 754-8627.