How it works
Save, earn, and win with PrizePool. Combining the thrill of a sweepstakes (like a no-risk lottery) with the benefits and security of a savings account, you'll increase your chances to win $1 Million any time, any day - just by saving money.
Earn Rewards As You Spend and Save Bank with PrizePool to earn more chances to win cash prizes in our sweepstakes, including the chance of $1 Million!
Stack Up Your Savings With a Guaranteed 4.50% Monthly Bonus On top of your cash prizes, you'll earn 4.50% on your entire Stacked balance* — that's 15x higher than the national average rate.
Get cash bonuses for referrals When you refer a friend to PrizePool, you win 20% of any cash prizes they win from the weekly drawings!
Your deposits are held and protected by our partner bank, Evolve Bank & Trust, Member FDIC and are insured up to $500,000. There are no hidden fees and doesn't require a minimum balance to maintain.
Banking Made Fun
PrizePool has two exciting ways to win cash prizes. Join our Weekly Drawing for a chance to win one of 10,000 prizes every week! Feeling lucky? Try PrizeWheel, our on-demand instant experience, for a shot at the grand prize of $1 Million.
Accelerate Your Gains with
Accelerate Your GainswithStacked benefits work across all PrizePool rewards
Yearly Savings Bonus(Paid Out Monthly)
PRIZEPOOL 0.30% minimum on all balances
PRIZEPOOL Stacked 4.50% minimum on your entire balance
Debit Cash Back
PRIZEPOOL 1:20 for 5% cash back 1:400 for 100% cash back
PRIZEPOOL Stacked 1:10 for 5% cash back 1:200 for 100% cash back
PRIZEPOOL 10% of referees’ winnings
PRIZEPOOL Stacked 20% of referees’ winnings
Savings Ticket Accrual
PRIZEPOOL 1x tickets per $1 per day (e.g. $100 earns you 700 tickets per week)
PRIZEPOOL Stacked 2x tickets per $1 per day (e.g. $100 earns you 1400 tickets per week)
PRIZEPOOL 100x tickets per $1 spent
PRIZEPOOL Stacked 200x tickets per $1 spent
Our Top Winners
$10,000 Kun Z. California
$1565 Jada I. Washington
$630 Jose R. California
$500 Ryan M. Florida
$500 Alice S. Texas
$500 Steven V. Texas
How much do I need to deposit to my PrizePool account to get started?
Any amount! Even $1 saved will earn you 1 ticket per day that you can use on either the weekly drawing or PrizeWheel
How does the Savings Bonus work?
Each PrizePool customer receives monthly payments from PrizePool equal to a 0.30% annualized savings bonus (4.50% for Stacked members) 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).
What are my odds of actually winning a cash prize in the weekly drawings?
The odds of winning a prize depend on two factors:
How many depositors there are
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) or 2 tickets per day for Stacked members.
How do the weekly drawings work?
Every Friday, we mix all the tickets that are entered into the weekly drawings 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.
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.
After the winner's tickets have been removed, we proceed to pick the next largest prize based on denomination.
We continue steps 1-3 until all the prizes have been awarded.
Are my funds safe with PrizePool?
Absolutely! All PrizePool deposits are held with our partner bank, Evolve Bank & Trust, Member FDIC, and insured up to $250,000.
Do I have to pay for Stacked to use PrizePool?
No. All PrizePool members can enjoy PrizePool’s benefits without having to sign up for Stacked. Please refer to this chart to compare the benefits between PrizePool and PrizePool Stacked.
Will I be able to deposit and withdraw money any time with PrizePool?
Yes, your funds remain liquid while in PrizePool, whether you are a Stacked member or not. You can deposit and withdraw at your discretion your available balance.
Tip:You can request Level 2 withdrawal limit for accounts over $25,000. Contact Support for more details.