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August 12, 2021How to Save for Retirement, Starting Now There comes a time in our lives when we will need – or want – to retire. Some individuals can retire sooner than others. Regardless of when you retire, you need to make sure you have enough money saved. So, how much do you need to save for retirement? Let’s dive in. How Much to…
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August 11, 2021Should I Save or Invest It Instead? Is it better to save or invest your money? Saving and investing are two different methods of growing wealth that share similar characteristics. Both have their pros and cons. We’ll talk about how to build wealth with either option. What’s the Difference Between Saving and Investing? The difference between the two is straightforward. Saving money…
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July 19, 2021Is a High-Yield Savings Account Worth It? Nearly every bank pays you interest when you deposit your cash with them. Yay for free money! Well, don’t get too excited. Did you know that the national average interest rate for a savings account is around 0.06 percent, according to the FDIC? For example, if you deposited $1,000 into a savings account that earns…
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March 30, 2021Saving Bonus of 0.30% We heard from a lot of you and we’re excited to share that in addition to all of the prizes that we offer today, we are also adding a monthly Saving bonus of 0.30%*! Saving Bonus of 0.30% starting in April The Saving bonus of 0.30% will be in addition to any prizes that you win!…
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March 5, 2021PrizePool Six Month Review It’s been six months since we launched PrizePool. This blog post is going to recap why we built PrizePool and highlight some statistics we thought would be interesting to our users. Our hope is to publish these statistics regularly and even build some of them into the app. We hope that this brings more transparency…
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March 5, 2021March 2021 Updates We’re excited to share all of the new features and updates that are coming this month! To take advantage of all of these features, please update the app to the latest version! New Look and Feel As of today, we just released our new look and feel of the app! Hopefully this makes using the…
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November 23, 2020Weekly Drawings Starting on 12/1/2020 We’re excited to announce that PrizePool is moving to a weekly drawing format starting on December 1st, 2020! We’ve heard from a lot of you that you wanted more drawings so we’re happy to provide you more ways to win throughout the month. With the change to Weekly Drawings, here are the key takeaways: 1)…
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September 28, 2020Save the Fun Way with Prize-Linked Savings Our pockets are tighter than they have ever been thanks to COVID-19. We are now looking for ways to hold on to every penny that we have and make each one grow. This is where prize-linked savings come in. Think of these savings accounts as a safe and fun way to save money and invest…
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August 27, 2020Our $4.25m Seed Ups the Game on Boring, Low-Interest Savings with Guaranteed Prize Money Every Month and Referral Program so Customers Save and Win with Friends and Family SAN FRANCISCO, August 27, 2020 — A majority of Americans are at financial risk and the need for the security of savings is even more evident during this year. PrizePool…
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