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4.6/5 on 1000+ Ratings
On the Apple App and
Google Play Stores
“Easy and fun
way to save”
Notrub325, 03/29/2021
App Store Review
What people are saying
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PrizePool Savings Account Is Giving Away Free Money!
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Prize Pool Huge Update! Frequent Prizes!
How it works
Deposit and Save
Every $1 in your balance gets you 1 ticket per day. (e.g. If you have $100 with us, you'll earn 100 tickets per day).
Weekly Drawing
All of your tickets will automatically be entered into the Weekly Drawing held on every Friday at 12pm PT!
Grand Prize of $10K
There are over 4,000 cash prizes every week including a $10,000 Grand Prize in every 4-week Series.
Savings Bonus
Whether you win a prize or not, you'll never lose your deposit (it's FDIC insured) and you'll still earn a 0.30% Savings Bonus2 !
Secure and Insured
Your deposits are held and protected by our partner bank, Evolve Bank & Trust, Member FDIC, with bank-level security and encryption, and insured up to $250,000.
Save More Together
Refer your friends and you both win 10% more! When they win, they get a 10% boost on their prize, and you get a referral bonus of 10% of their winnings. Never expires, so save together for as long as you're both using PrizePool!
Winners Board
Celebrate the thousands of winners on our live Winners Board. One of them could be you! We paid out an 7.5% aggregated APY in our last Series!
0.30%
Savings Bonus
Earn 0.30% annualized Savings Bonus on your deposits
Whether you win a prize or not, you'll always win with our Saving Bonus!
Our rates as of April 06, 2021. Comparison banks' rates as of March 30, 2021.
PrizePool
0.30%
Chase
0.02%
Citibank
0.04%
Wells Fargo Bank
0.01%
Bank of America
0.05%
The comparison is limited to the largest US banks and does not include rates of other online banks or high yield savings accounts. Rates of the selected banks were obtained from Informa Financial Intelligence, www.informars.com, and reflect New York high yield savings rates for similar products offered at the select banks with a minimum balance of at least $2,500. Informa has obtained the data from the various financial institutions that it tracks and its accuracy cannot be guaranteed.
Totally Free3
PrizePool has no hidden fees, monthly fees, or transfer fees. So your savings can only go up.
No Minimums4
There are no required minimum balances, account service charges, or annoying overdraft fees.
Monthly Saving Bonus
Earn 0.30% annualized rate on your deposits whether you win a weekly prize or not!
What people are saying
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. We’re glad to have found an excellent team to execute on this.
Nellie and Max Levchin
Partners at SciFi VC.
Max also is CEO of Affirm, Co-founder of PayPal.
PrizePool makes putting money in a savings account actually fun and worthwhile. With interest rates so low, it's a no brainer - and I love having shots at grand prizes!
Humphrey Yang
PrizePool User
This app has been nothing but easy and fun way to save. I was getting nothing from regular savings account. I just do automatic weekly deposits. Tickets add to account and the drawing every Friday. My saving have been earning over 8% so far. And it’s FDIC insured. Glad we finally have this in US like they have had in Europe for years.
Notrub325
PrizePool User
How PrizePool works
Thousands of cash prizes totaling $50,000 are awarded in every 4-week Series. You're automatically entered with one ticket for every dollar you save, per day. When friends use your referral code you both win 10% of any prize they ever win. Regardless of winning, you'll still earn a monthly Saving Bonus of 0.30% and still be working towards achieving your financial goals.
Get PrizePool now
Download the app and start saving to win the $10,000 Grand Prize!