PrizePool: Banking Rewarded 17+

Win prizes for saving, banking

PrizePool, Inc.

Designed for iPhone

    • 4.6 • 1.7K Ratings
    • Free

iPhone Screenshots

Description

PrizePool offers a secure, reward-driven banking that gives you a guaranteed 0.30% monthly savings bonus and a chance at winning $10,000 every month. No fees and no minimums. FDIC-insured.

HOW DOES PRIZE-LINKED SAVINGS WORK?

- PrizePool gives you weekly chances at winning cash prizes just for saving money. The more money you save, the higher your chances get at winning.
- Every $1 saved in your PrizePool account earns you 1 ticket per day (e.g. every $100 saved earns 100 tickets per day and 700 tickets per week).
- All of your tickets are automatically entered into our weekly drawing where you get a chance at winning one of 6,000 cash prizes including a $10,000 Grand Prize every month.

GET UP TO 3% ON YOUR SAVINGS

- With the combined weekly cash prize winnings and the monthly savings bonus, most PrizePool customers get up to 3% on their savings.
- Whether you win a prize or not, you are always guaranteed to earn a 0.30% savings bonus. Did we mention that we pay this out monthly?

GET REWARDED EVEN FOR SPENDING

- With a PrizePool debit card, you can access liquidity from your savings at any time and get rewarded for spending.
- Every $1 spent with your PrizePool debit card will earn you 30 tickets to our weekly cash prize drawing.
- Every single purchase made with your PrizePool debit card is eligible to get reimbursed by PrizePool. No daily or lifetime limits!

SECURE BANKING, FDIC-INSURED

- Your deposits are protected and secured by our partner bank, Evolve Bank & Trust, Member-FDIC, with bank-level security and encryption.
- Your deposits are FDIC-insured up to $250,000.

100% FREE BANKING. NO FEES AND NO MINIMUMS.

- There are no minimums or fees — ever.
- Applying for a PrizePool bank account is free, takes less than two minutes, and won't impact your credit score.

For more information and to view our terms of service, privacy policy, and official rules, please visit www.getprizepool.com

PrizePool, Inc is a technology company and not a bank. Banking services provided by Evolve Bank and Trust, Members FDIC.

What’s New

Version 1.0.105

Thank you for using PrizePool. In this update we made the following changes:

* Debit Card

Please send any feedback to support@getprizepool.com

Ratings and Reviews

4.6 out of 5
1.7K Ratings

1.7K Ratings

abbygailxoxo ,

Prizepool is LEGIT and is a fun way to save money

I had been earning absolute SQUAT at my traditional savings account due to extremely low interest rates with the Fed funds rate near zero. I found this app randomly in an Instagram ad, and I thought it appeared sketchy and “too good to be true”, but figured I’d take the risk and deposited a small amount of money. Sure enough, I won a $10 prize! I’ve added more money to it since then, and in a little over 2 months, I’ve earned almost $50 from the weekly prize drawings, which is MUCH higher than the LESS THAN $1 “interest” I had been earning in my traditional savings account every quarter. The customer service response team also answers all of your questions quickly and is very helpful! I moved all my savings to prize pool, since it’s a great alternative to a HYSA, and I look forward to add more as the app continues to evolve and add new features! :)

S227227 ,

Good idea but needs some work.

The idea is great and you do make a higher interest-rate when all is said and done,but there are some issues that I have found. When you transfer money from one account to this one, it takes forever for the transfer to happen and then even after the money is in the account it’s held for quite a few days before you can access it. Second this is meant to be a savings account and they give you rewards for making sure you save money. Now, they have a debit card which is a good idea except then they reward you for spending money which is completely opposite of what they purport to be doing. And if it is a savings account, how do you get past the federal rules about withdrawing from a savings account?

Big Free Will ,

Saving

As of what I’ve learned and seen this app is pretty well interesting? I really encourage other to give this app a chance I’ve received already what my original back would have paid me on the amount I’ve saved it not much but we all start from somewhere to see how things will turn out yes I was skeptical about the app in the beginning but using it and seeing I’m able to use my card like my other debit cards then I was pleased of the way that was set up and the APY really encouraged me the most to give the app a chance and I’m satisfied so far with how the company is handling my business and caring for my money Thanks Once Again.

App Privacy

The developer, PrizePool, Inc., indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Location
  • Contact Info

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Usage Data
  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

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