Spruce Mobile Banking App Launches Saving Surge Sweepstakes with Nearly $5,000 Prize.

Spruce, a mobile banking app built by H&R Block, has launched the Saving Surge Sweepstakes to encourage consistent saving habits. The six-month initiative will reward winners with nearly $5,000 and aims to help Americans take control of their financial futures. Organized in partnership with nonprofit Commonwealth, the sweepstakes is designed to make money management simple and effective.

KANSAS CITY, Mo., Sept. 02, 2025 — Spruce, a mobile banking app developed by H&R Block, has launched the Saving Surge Sweepstakes, a six-month initiative aimed at encouraging consistent saving habits among its users. The sweepstakes, which runs from September 1, 2025, to February 28, 2026, offers participants the chance to win nearly $5,000 in prizes.

The initiative is designed to address the financial challenges faced by many Americans. According to the Financial Health Network, 70% of Americans are financially coping or vulnerable [1]. In response to this, Spruce and its partner, Commonwealth, a national nonprofit focused on financial security, have created the Saving Surge Sweepstakes to help users build better saving habits and take control of their financial futures.

Participants can earn up to five entries each month by completing simple saving actions such as setting up auto-transfers or depositing money in $10 increments into their Spruce Savings Account. Each month, four winners will be randomly selected: one to receive a $500 prize, and three additional winners receiving $100 each, all directly deposited into their savings accounts.

The sweepstakes complements the easy-to-use features and tools in the Spruce app, such as the Watchlist Budget Tracker and a Savings account that can earn a high-yield 3.50% APY after opting in [2]. These features are designed to reinforce positive financial behaviors and make managing finances simpler and more accessible.

John Thompson, Vice President of Financial Services at Spruce, stated, "The team behind Spruce believes that saving money is one of the most important steps toward being financially healthy and growing wealth. The Saving Surge Sweepstakes offers a fresh, engaging way to show our customers how they can build better saving habits, one deposit at a time."

Timothy Flacke, CEO of Commonwealth, added, "We’ve seen that when people have access to engaging tools and incentives, they’re empowered to make meaningful progress toward their financial goals. We’re thrilled to collaborate with Spruce through our partnership in BlackRock’s Emergency Savings Initiative (ESI), which elevates awareness of the emergency savings crisis in the U.S."

References:
[1] https://www.stocktitan.net/news/HRB/spruce-launches-saving-surge-sweepstakes-encouraging-customers-to-kfhua0yxbxst.html
[2] https://www.globenewswire.com/news-release/2025/09/04/3144649/0/en/Spruce-Launches-Saving-Surge-Sweepstakes-Encouraging-Customers-to-Build-Better-Financial-Habits-and-Awarding-Nearly-5-000-in-Total-Prizes.html