Honest review(updated) Honest review(updated): An important peice of information is that this is app is connected to an FDIC insured bank. That means that there is NO WAY you will lose your money (per FDIC policy). The APY is 0.30% starting April. Further, their "pool" instructions are listed clearly. There are multiple prize sections, so do not lose hope if you dont win 25k. If you enter a referral code, you get 10% extra on your winnings and so do I. If you want to use mine, it would be appreciated: ZEVQE

40% APR & Continuous Improvement I've been using PrizePool for over 6 months now, and it's great to see the continuous improvements that keep making the app better. It's fundamentally a lottery savings account where you have the chance to win a prize, but at the same time earn an APR better than most mainstream banks - all still FDIC insured. My current realized APR is over 40%! There is no reason to use a regular savings account over PrizePool for cash that you are not planning on using in the short term, but don't want to lock up at a brokerage.

Fun way to earn money at 0% risk! Fun way to earn money at 0% risk! Team is responsive and helpful. Founders have credible backgrounds. Company is backed by top-tier investors. Business model is already proven with a rival company in the UK. Innovative way to offer better rates than high-cost, brick-and-mortar banks. Interactive platform.

PrizePool is great PrizePool is great! After signing up, I had some issues with my account. I got instant customer service to fix it to get me going. The weekly communication is helpful and their team is really connected to their customers. The concept of winning gives me something to look forward to every Friday.

PrizePool makes saving money fun PrizePool makes saving money fun! I've been looking for an alternative to my bank's 0.5% savings account but nothing too risky. Every Friday there is a new drawing, your odds are determined by how many tickets you have and your tickets are determined by how much you have deposited into PrizePool. I have been pleasantly surprised with the 8% returns I have received from PrizePool (YMMV)