PrizePool is excited to announce that all your savings with us are now FDIC-Insured up to $500K by our trusted partner banks.* This enhanced coverage starts immediately, and the best part is, there are no actions required from your end.
What the FDIC Increase Means For Your Savings
FDIC is the government agency that safeguards your deposits in banks in the United States. The standard FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. It ensures that even if a bank faces financial difficulties, your insured deposits will be safe and protected up to the specified limit.
With the recent increase to $500,000, you can now feel even more secure about your savings with PrizePool. This enhanced protection means that you can confidently save larger sums of money, knowing that your funds are backed by the full faith and credit of the United States government.
Introducing PrizePool Stacked
On the topic of saving larger sums, at PrizePool, we’re constantly seeking ways to provide our customers with the best savings solutions. If you’re tired of earning lackluster interest rates from traditional bank accounts, we have the perfect solution for you: PrizePool Stacked!
Stacked offers a unique and rewarding experience that maximizes your savings potential. On average, Stacked users have been earning an impressive 6.5% return on their savings (YMMV). Imagine your money working harder for you, growing at a rate that surpasses what most traditional savings accounts can offer.
How PrizePool Stacked Works
PrizePool Stacked combines the thrill of a sweepstakes with the benefits and security of a savings account. It’s simple – the more you save, the more chances you have to win. Every dollar you save earns you a ticket, and these tickets enter our weekly drawings where you can win one of thousands of cash prizes or spin PrizeWheel, our on-demand instant game, and win prizes anytime you want – including $1 Million, any time, any day.
And the best part is, your money is never locked away. You can access your savings whenever you need them, with no fees or penalties.
Banking Made Fun
PrizePool is committed to empowering our customers to achieve their financial goals and dreams. With our increased FDIC insurance coverage and the exciting opportunities offered by PrizePool Stacked, there has never been a better time to start saving with us.
Join the growing community of PrizePool users who are unlocking the potential of their savings. Let your money grow and thrive, while also having the chance to win cash rewards!
If you have any questions or need more information, reach out to our customer support team. We’re here to assist you on your journey to financial prosperity.
*Banking services and FDIC Insurance coverage provided by Evolve Bank & Trust, Member FDIC.