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PrizePool is a new type of bank account where you can win one of the over 4,000 cash prizes totaling $50k in every 4-week Series simply by saving money. One lucky winner will get the $10,000 Grand Prize out of this guaranteed PrizePool. Whether you win a prize or not, you'll never lose your deposit and you'll earn a 0.30% annualized Savings Bonus that's paid month. All of your money is FDIC insured with no fees or minimums.


- By saving money, you're automatically entered into the weekly drawings. You get a ticket for every dollar you save, per day.
- Within a Series, the drawing happens at the end of each week for thousands of prizes. One of these thousands of lucky winners will get the Grand Prize of $10,000 out of this guaranteed PrizePool.
- Whether you win a prize or not, you'll never lose your deposit (it's FDIC insured) and you'll still earn a 0.30% Savings Bonus.


- Boost your winnings with referrals! Receive a bonus of 10% of any prize won by a friend you refer to PrizePool, and they receive a 10% boost on their winnings just for using your referral code at signup. Referrals never expire, bonuses are paid for as long as you're both using PrizePool.


- 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.
- There are no minimums or fees.
- Applying for an 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

Banking services provided by Evolve Bank and Trust, Members FDIC.

What’s New

Version 1.0.84

This version contains bug fixes and new features

Ratings and Reviews

4.6 out of 5
1K Ratings

1K 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! :)

Cuautlev ,

Great Saving App!

I Love this app! I just transfer money that I want to be save and forget all about it until I get a notification saying they did the draw for the grand prize. That’s just a plus. At first, I was concerned because I don’t have much money to beginning with And I don’t want to put in any of my money in a place I don’t trust but, I did find out about this app via Instagram and when I asked my questions to the support email I got a respond back right away and from the CEO himself!! He answered all my questions. I loved that and that was when I gave it a chance and I’m really glad I did.

Developer Response ,

Thank you so much for the wonderful feedback. Good luck to you and congratulations for saving!

bachelorsdeath ,


Don’t get me wrong this is kind of awesome, especially if you have a referral that is a big influence. However if you ever change you bank account, you aren’t able to change your bank account within the app. Customer service said there is no way for you to do this yet. If last resort I need whatever money is put into my account, I can’t grab it until I can change my bank account in the app so I’m a bit worried there. But I’m hoping it is updated soon.

**update - they were able to change my account.

Developer Response ,

Hi bachelorsdeath, we do apologize for this and we have a way to fix this now! Please reach out to support@getprizepool.com and we can help you!

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 Not Collected

The developer does not collect any data from this app.

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


  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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