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.

Understated design, higher APY than what my checking account offers Amongst the prize-linked savings account apps on my phone, I find that I gravitate towards PrizePool the most. Oddly enough, it's probably because it feels the least flashiest and "lotto" like. As a designer by trade, the color scheme is understated unlike its competitors and the UI is clear. With its steady savings bonus and realistic prizes, I've started treating it like another savings account albeit one with a higher APY and chance to win that $25k! Better to park my funds here than in my bank account.

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

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%

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.