In its ongoing commitment to foster financial empowerment, the VM Group has awarded $1.9 million to members participating in its recent ‘iSaving for That’ Promotion. This initiative rewards members who demonstrate strong saving habits and commitment to financial goals.
A celebration event, held on Friday, November 8, at VM Group’s Half-Way Tree branch, honored 12 VM Building Society (VMBS) members selected as winners of the promotion. The awards included nine third-place winners, each receiving $100,000; two second-place winners, each awarded $250,000; and one first-place winner, who received $500,000.
Judith Forth-Blake, Group Chief Customer and Brand Officer said the promotion aligns with VM Group’s commitment to mutuality, as it fosters collaboration to enhance the financial well-being of its members and the wider community. “This initiative is designed to encourage and reward our savers,” she said. “At VM Building Society, we’re committed to empowering our members with opportunities that strengthen their saving habits and support their financial aspirations. Through the ‘iSaving for That’ Promotion, we’re providing cash rewards that members can use toward any financial goal, fostering their journey toward independence.”
Hallie Brown, the first-place winner of the promotion shared her gratitude for the support: “Opening the iSave account was one of the best financial decisions I ever made. Saving with VMBS is truly rewarding, and the successes I’ve experienced through this promotion strengthened my belief in VMBS being a member-focused institution.”
Glenroy Thomas, a second-place winner, described his savings journey with VMBS. “I opened my iSave account over five years ago to work toward homeownership. Winning this prize was unexpected, but I’m reinvesting it in my iSave account to stay on track to buy my home this year,” he shared.
Launched on May 4 and concluding on September 30, the ‘iSaving for That’ Promotion encouraged consistent savings among active VMBS members. Eligible members who deposited a minimum of $10,000 each month and maintained a balance of J$50,000 or more were automatically entered in the prize drawing. Winners were selected through an electronic random draw.
The iSave account, a flagship savings product of VM Building, allows members to set and commit to monthly savings goals over 1, 3 or 5 years, earning above-average interest with no fees, provided they do not withdraw funds before maturity. This low-risk savings product provides members with a structured path to grow their wealth securely over time.
