PrizePool is a new type of banking account where you can win a cash prize every week by saving money. There are over 4,000 cash prizes totaling $50k in every 4-week Series. One lucky winner will get the $25,000 Grand Prize. All Deposits are held with Evolve Bank and Trust and is FDIC insured.1
Every $1 in your balance with PrizePool gets you 1 ticket per day. For example, if you have $100 deposited with PrizePool from September 1st to September 10th, you will have 1,000 tickets! All tickets accrued during the Series will be entered into each Weekly Drawing. There are over 4,000 prizes totaling $50,000 in cash prizes including a $25,000 Grand Prize in every 4-week Series. If you don't win a prize, you'll never lose your deposit (and it's FDIC insured).
Secure and Insured
Your deposits are protected and secured by our partner bank, Evolve Bank & Trust, Member FDIC, with bank-level security and encryption, and insured up to $250,000.
Celebrate the thousands of winners on our live Winners Board. One of them might be you! A few fun metrics from our latest drawing: Every person that deposited with PrizePool won a prize! If you had ~$1000 balance, you had a 72% chance of winning a prize last week and the expected APY for $1,000 is 19.23%
PrizePool has no hidden fees, monthly fees, or transfer fees. So your savings can only go up.
There are no required minimum balances, account service charges, or annoying overdraft fees.
We're Here To Help
Need help? Our team will gladly assist you with any question you might have.
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.
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!
We believe the team's experience combined with the commitments to both guarantee monthly prizes and create a social, referral model sets PrizePool apart from others in the market.
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 never lose your deposit and still be working towards achieving your financial goals.
Get PrizePool now
Download the app and start saving to win the $25,000 Grand Prize!