PrizePool: Banking Made Fun with no Hidden Fees

Win Cash Prizes
for Banking

PrizePool is a secure prize-linked banking app. Every $1 you save and spend earns you chances to win cash prizes, including $10,000 every month!

FDIC-insured. No hidden fees, no minimums — ever.
FDIC insurance coverage provided by Evolve Bank & Trust

There are no minimums and no fees for the accounts and customers can withdraw their money at any time.

4.75/5 on 2000+ ratings On the Apple App and Google Play Stores

How it works

1 Open a PrizePool account and start saving

Every $1 in your PrizePool account earns you 1 ticket per day (e.g. every $100 saved earns 100 tickets per day and 700 tickets per week).

2 Weekly chances at winning

All of your tickets will be automatically entered into our weekly drawing where you get a chance at winning one of 10,000+ cash prizes including a $10,000 Grand Prize every month.

3 It’s a sure win with a 0.30% fixed Savings Bonus

Whether you win a prize or not, your savings are always guaranteed to earn 0.30% Annualized Savings Bonus. Did we mention we pay this out monthly?

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100% Secure.
No hidden fees. Ever.

Your deposits are held and protected by our partner bank, Evolve Bank & Trust, Member FDIC and are insured up to $250,000. There is no cost to open a PrizePool account. There are no hidden fees and doesn't require a minimum balance to maintain.

Get Rewarded for Spending

With a PrizePool Debit Card, you can access liquidity from your savings at any time and get rewarded for living expenses. Every eligible purchase made with your PrizePool Debit Card has a chance of winning up to 100% cash back. You’ll also increase your chances to win in our Weekly Drawings by earning 100 tickets for every $1 spent.

Hear straight from our customers

PrizePool has thus far exceeded most other savings account APYs and added an element of excitement with weekly drawings.

Stanley PrizePool customer

We have been big fans of Prize-Linked Savings for a long time, and believe it has the potential to reshape savings habits in America.

Nellie and Max Levchin Partners at SciFi VC. Max is also CEO of Affirm and Co-founder of PayPal.

The great thing about this app is it's like playing the lottery without having to lose any money in the process. Even if you don't win a prize on a given week, you still get a savings bonus.

Kosal PrizePool customer

Preparing for a recession as heard on

Anthony O' Neal is the host of The Table w/ AO and is a WSJ #1 national best selling author & speaker.

FAQ

01

How much do I need to deposit to my PrizePool account to get started?

Any amount! Even $1 saved will earn you as many as 28 tickets to enter in the prize drawings. You could even win the $10,000 Grand Prize!

02

How does the 0.30% Annualized Savings Bonus work?

Each PrizePool customer receives monthly payments from PrizePool equal to a 0.30% annualized savings bonus based on the available balance of their account. Your monthly payment is calculated as follows: (Average Monthly Balance x 0.30%) x (# of Days in the Month / Days in the Year).

03

What are my odds of actually winning a cash prize?

The odds of winning a prize depend on two factors:

1.

How many depositors there are

2.

How many tickets you have accrued. Remember that every $1 saved in your PrizePool account earns you 1 ticket per day (e.g. $100 saved earns you 100 tickets per day and 700 tickets per week).

04

How do the weekly drawings work?

1.

At the end of the week, we mix all the tickets together and randomly pick the winners - starting with the largest prize amount (by value) and then down the list of prizes by prize size value.

2.

Once the first winner is picked, we then remove the rest of that winner's tickets from the drawing since a customer can only win one prize per drawing.

2.

After the winner's tickets have been removed, we proceed to pick the next largest prize based on denomination.

4.

We continue steps 1-3 until all the prizes have been awarded.