What Makes PrizePool One of the Best Savings Apps?
A happy man wearing a black suit and tie throws his hands in the air

Most savings account apps offer little to no incentive or reason to save – that, or they charge fees in return for lackluster services. At PrizePool, we are a different kind of savings account app.

Quick Overview

  • It’s Free!
  • Don’t Just Store—Grow Your Wealth with PrizePool’s Guaranteed Payouts!
  • High-Yield Interest Rates
  • No Minimums
  • No Risk or Losses
  • Referral Bonus
  • Fun to Save

Why PrizePool Is Among the Best Savings Apps

It’s easy for any organization to say they are the best without saying why. So, we’re here to prove it. Here are the reasons why PrizePool is one of the best apps for saving money:

It’s Free!

Yes, PrizePool is free to download and use. Most savings account apps have a free trial and then charge a monthly fee in exchange for their services. Sometimes they have hidden fees and transfer fees – not with PrizePool. With us, you can open a free savings account and deposit funds.

Don’t Just Store—Grow Your Wealth with PrizePool’s Guaranteed Payouts!

Users earn one ticket for every dollar they have in their balance with PrizePool, each day. For example, if you have $100 in an account with PrizePool, you’ll earn 100 tickets per day. These tickets are then entered into small weekly drawings and a big monthly drawing. Ticket balances accrue each week, so you always have a chance to win

Each month we pay out $50,000 in cash prizes to thousands of winners, so why not store your money where it can grow?

High-Yield Interest Rates

Did you know that you can earn interest on your funds with PrizePool? We offer an annualized Savings Bonus of 0.30% on your deposits and cash prizes. That is higher than what most traditional banks offer and over 7.5 times the national average.

A bar chart comparing PrizePool’s 0.30% annualized Savings Bonus to other major banking companies

No Minimums

PrizePool, unlike many banks and savings account apps, does not require a minimum deposit. You can start earning interest or tickets for the weekly drawings right away. Instead of waiting to save up your thousand-dollar minimum deposit, you can immediately start growing your savings.

No Risk or Losses

A man walks on a rope across a canyon with a river at the bottom

Most lotteries involve a very low chance of winning and a waste of money on tickets or scratch cards. However, Any money you deposit with PrizePool is yours and yours to keep. The same is true for any cash prizes you receive. If you don’t win a weekly or monthly cash reward, you won’t lose any of your money.

Just like any bank, your funds and rewards are FDIC insured. So, you can rest peacefully knowing that your money is safe.

Referral Bonus

PrizePool’s referral reward system is different in that we reward our users 10% each time one of their referrals wins a cash prize. So, if one of your referrals wins $1,000, you win 10% of that, or $100. (Note: the 10% is not taken or deducted from their cash reward.)

Here is some other good news. Each time your referrals win, they will receive 10% for being your referral. For example, they’d receive $2,500 on top of their grand prize of $25,000 for a total of $27,500. It is a win-win situation! 

The more referrals you have, the more money you can make and the faster your savings will grow.

Fun to Save

Service fees, transfer fees, and low-interest rates often make saving your money feel pointless. We like to not only make saving rewarding, but we like to make it as fun and exciting as winning the lottery without the risk. That’s how saving should be! What better way is there to cultivate saving habits than by having fun along the way?

Download the App Today!

We’ve covered everything you need to know about what makes PrizePool one of the best savings apps. Have we convinced you yet? If so, feel free to download the app and have fun saving for your future today!