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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pranshu
GB

Dont see the value Dont see the value. Originally when there was winning it felt good, but after that several weeks of "good luck next time". It didn't felt worth it. With a deposit financial product I expect stability and not too much gamble. The business model probably needs expansion if the intent for company is to grow profitable.

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Stanley
GB

Prizepool has been a great app for… Prizepool has been a great app for savings! WIth other savings accounts, you get almost no interest and there's nothing exciting about it. Prizepool has thus far exceeded most other savings account APYs and added an element of excitement with weekly drawings. I haven't struck any big prizes yet, but it's fun revealing the prize weekly and as mentioned above, still beats our other saving account returns. I highly recommend at least trying PrizePool out with at least a small amount of money.

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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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Carly
GB

The best savings account on the market!! FDIC insured AND making decent interest on a savings account is hard to find in a market with low interest rates. Prizepool makes saving fun. I can’t wait until it’s expanded to people who aren’t US Citizens, so my hubby can save with them too.

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Jen
BE

Keeps getting better Keeps getting better! PrizePool is great. Asides from a few hiccups, the app works well, and said hiccups are always resolved very quickly. I like the engagement through update emails and learning about the "savings" I've earned through the apps, as well as the Instagram promo.

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