PrizePool: Banking Rewarded 17+
Win prizes for saving, banking
PrizePool, Inc.
Designed for iPhone
-
- Free
iPhone Screenshots
Description
PrizePool is a free banking app that rewards you for the grown up things you already do — from paying your bills and buying your groceries, to saving up for your next vacation or your first home down payment.
- Earn a minimum ROI of 4.50% on your savings with PrizePool Stacked.
- Win one of 10,000 cash prizes every week, including the chance to win $1 Million any time, any day, just by opening a free, FDIC-insured account with PrizePool.
- Get unlimited chances of winning up to 100% cash back on any purchase, just by paying with PrizePool Debit.
- Win anywhere, anytime with PrizeWheel - an on demand game where you can win cash and ticket prizes.
HOW DOES PRIZEPOOL WORK?
- PrizePool gives you weekly chances at winning cash prizes just for managing your finances. The more you spend and save with your PrizePool account, the higher your chances get at winning.
- Every $1 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). Every $1 spent with your PrizePool Debit earns you 100 tickets.
- All of your tickets are automatically entered into our weekly drawing where you get a chance at winning one of 10,000 cash prizes each week, including a chance to win the Grand Prize of $1 Million, any time, any day.
GET REWARDED 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 100 tickets to our weekly cash prize drawing.
- Every single purchase made with your PrizePool debit card is eligible to win up to 100% cash back. No daily or lifetime limits!
100% SECURE BANKING, FDIC-INSURED***
- Whether you win a cash prize or not, deposits in your main PrizePool account are guaranteed to earn 4.50% APY on your savings.
- Deposits in your main PrizePool account are protected and secured by our partner bank, Evolve Bank & Trust, Member-FDIC, with bank-level security and encryption***
- Deposits in your main PrizePool account are FDIC-insured up to $500,000
- Applying for a PrizePool account is free, takes less than two minutes, and won't impact your credit score.
UNLOCK A 4.50% MINIMUM ROI WITH STACKED
- Upgrade to Stacked and earn a minimum of 4.50% on your entire balance, FDIC-insured
- Boost your odds of winning cash prizes with double the tickets per $1 saved and spent
- Increased chances of winning up to 100% cash back with PrizePool Debit
- When your referral wins, you both get 20% of the cash prizes they win!
- Unlock all Stacked benefits and perks with a 14-day free trial, after that only $10/mo, billed annually
For more information and to view our terms of service, privacy policy, and official rules, please visit [www.getprizepool.com](http://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 1.0.142
Thank you for using PrizePool. In this update we made minor bug fixes and performance improvements.
Please send any feedback to support@getprizepool.com
Ratings and Reviews
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! :)
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?
Good in theory, not so much in practice.
UPDAtED:
Customer service is very patient and friendly!
I have received my money finally after alot of confusion, time and 3 plus weeks. This savings account could be good in use long term, but short term liquidity this is not your best option. With all of the struggles and time it took to receive my money, I cannot see this app as a good option for most. You have a very rare lucky chance to win a good sum of money in the “prize” but the odds are slim to none. Just to make enough money back in interest from your savings to pay for the membership, you would need about 2-3k saved just to pay for the app. Remember, 4.5% roi unless you’re frequently playing the prizes (and winning prizes). You would need 2.5k just to break even. HYSA are better imo, more hands off and similar returns without membership charges. But if you have fun and enjoy this app knock yourself out!! I think theyre investing it and making much better returns, and you could too!!
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
Information
- Seller
- PrizePool, Inc.
- Size
- 183.5 MB
- Category
- Finance
- Compatibility
-
- iPhone
- Requires iOS 13.0 or later.
- iPod touch
- Requires iOS 13.0 or later.
- Mac
- Requires macOS 11.0 or later and a Mac with Apple M1 chip or later.
- Languages
-
English
- Age Rating
- 17+ Gambling Infrequent/Mild Simulated Gambling Frequent/Intense Contests
- Copyright
- © PrizePool, Inc.
- Price
- Free