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%

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.

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.

Great app Great concept. Thus far, I’m earning 15% interest on some money that I would otherwise have to keep in a savings account earning approximately .05%. I’m confident the money’s safe here, and it’s fun checking each week to see whether I’ve won some additional cash.

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.