Our Top Winners
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The premier high yield savings account…
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.