PrizePool

94402, San Mateo, United States
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4.50
Based on 20 Reviews

5

75.00%

4

15.00%

3

0.00%

2

5.00%

1

5.00%
About PrizePool

A bank account that enters you to win one of over 4,000 cash prizes every week - including the $25,000 grand prize at the end of the month. It also earns you 0.30% annualized whether you win a prize or not!

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Michael
GB

PrizePool offers a simple solution to… PrizePool offers a simple solution to increase your savings, much better than legacy banks! Frank is a genius who understands that most people have trouble saving money and realized that Prize Linked savings accounts have been proven to increase savings by 30%

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Harold Hing
GB

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)

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Lee C.
GB

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.

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Helen
GB

Prizepool is a fun and effective way of… Prizepool is a fun and effective way of saving money, I already made 20 cents off of 4 dollars and that's way more than I'd get from my bank savings account. When my son gets older I'll definitely help set him up with this :)

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Nicholas
GB

No way to separate money put in vs… No way to separate money put in vs prizes won Lack in share information to friends the share code wont share on all platforms such as Webell and Public Great idea would like to see some smaller prizes for more of that winnings feeling across the board Maybe 50 500.00 winners Less of the big 25k winners also dislike the sharing for tickets takes away from the cash bank rolling players makes me want to remove cash and just play the sharing for tickets game your pick for the future I’ll react according Hope to see some more display changes to better help us with taxes from winnings easy displaying sweepstakes vs cash deposit over time better help us understand the growth over time potentially not the fake growth

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