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

Account Lockouts/Glitches. Support could have better availability. Tried to withdraw after months of saving; it failed. Talked to support, next day; my account no longer exist when I tried to log in! No response from support. EDIT: Support followed up a few days later to resolve this issue.

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.

Solid app to help you save The app wasn't very stable when I first used the service, but the last few months it seems like those issues have been corrected. I enjoy using the service, helps me save and is always exciting to see what I may have won come Friday afternoon.

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.