Get in on the fun with the PrizePool Savings promotion, you’ll earn cash prizes instead of interest rates on your PrizePool Savings account! With a 10% boost on winnings for new members and a referral program that lets you earn 10% of all prizes won by friends you invite, it’s never been easier to save and win.
Plus, with no fees and no minimums, and FDIC insurance, you can trust that your money is safe and secure. You don’t want to miss out on this exciting opportunity to grow your savings and earn up to $1000 per month.
Check out our article for more information on PrizePool’s latest promotion.
PrizePool Savings Promotion 2023
Prizepool savings promotion offers a 10% boost on all your winnings as a sign-up bonus and referral bonus when you refer your friends. Here’s how you can earn it.
PrizePool Savings Sign Up Bonus: 10% Winnings Boost!
Sign up for a free PrizePool banking account and get a 10% boost on all your winnings! Simply use referral code HELPINGDESI when you join, and you’ll receive an extra $2,500 if you win the $25,000 grand prize.
Here are the steps for signing up for a free PrizePool banking account:
- Go to the PrizePool website and click on the “Sign Up” button.
- Fill out the registration form with your personal and contact information.
- Enter the referral code HELPINGDESI when prompted to receive your 10% boost on winnings.
- Create a username and password for your PrizePool account.
- Review and agree to the terms and conditions.
- Click the “Sign Up” button to complete the registration process.
- Verify your email address by following the instructions in the confirmation email sent to you by PrizePool.
- Once your account is verified, you can start depositing money and earning virtual tickets for cash prizes.
PrizePool Savings Referral Bonus: 10% Winnings Boost!
Boost your winnings with the PrizePool Savings promotion. Get a bonus of 10% of all prizes won by your referrals, and they’ll receive a 10% boost on their winnings. Here are all the steps that you need to follow
Step 1: Refer friends to PrizePool and get a bonus of 10% of all the prizes they win.
Step 2: Have your referrals use your unique referral code during registration to receive a 10% boost on their winnings.
Step 3: Enjoy lifetime referral bonuses – you’ll get paid out as long as you and your referrals are using PrizePool.
How Does PrizePool Work?
PrizePool is a savings app that allows you to earn cash prizes while you save. Here’s how it works:
- First, open a PrizePool account and start depositing money into it.
- For every $1 you save in your PrizePool account, you’ll receive 1 virtual ticket per day. For example, if you save $100, you’ll receive 100 tickets per day and 700 tickets per week.
- Your tickets will be automatically entered into our weekly drawing, giving you a chance to win one of 10,000+ cash prizes, including a $10,000 grand prize, every month.
- Even if you don’t win a prize, your savings are still guaranteed to earn a 0.30% annualized savings bonus, which is paid out monthly.
- With PrizePool, you can save money and have a chance to win cash prizes all at the same time.
PrizePool Interest Rate and Fee
PrizePool is a savings app that is similar to Fidelity bloom that offers its members a number of benefits, including weekly cash prizes and a high-interest rate. Here’s what you need to know about the PrizePool interest rate and fees:
- Interest rate: PrizePool offers a 0.30% annual percentage yield (APY) on the funds in your account, which is over 7.5 times higher than the national average for a savings account.
- FDIC protection: Your deposits are held and protected by our partner bank, Evolve Bank & Trust, which is a member of the Federal Deposit Insurance Corporation (FDIC). This means that your deposits are insured up to $250,000.
- No fees or minimum balance: There is no cost to open a PrizePool account, and there are no hidden fees or minimum balance requirements.
PrizePool vs Yotta
As prize-linked savings accounts become more popular, financial institutions are likely to offer more enticing features to encourage people to save their money. If you want a higher chance of winning smaller prizes, PrizePool might be a good option for you. On the other hand, if you’re willing to take on the risk of higher stakes in exchange for the possibility of winning a large sum of money, Yotta could be a good choice. Regardless of which prize-linked savings account you choose, you’ll have the opportunity to save money while also having the chance to win prizes.
PrizePool is a unique and innovative way to save money that also gives you a chance to win cash prizes. PrizePool savings promotion offers a 10% boost on winnings for new members and a referral program that lets you earn 10% of all prizes won by your friends, it’s easy to grow your savings and earn some extra cash. Plus, with no fees or minimums and FDIC insurance, you can trust that your money is safe and secure.
FAQs for the PrizePool Savings Promotion
Is PrizePool a good savings account?
PrizePool is a platform that offers cash prizes and sign-up and referral bonuses to help you save more money. With the chance to win a top prize of $10,000 and boost your winnings by 10%, the PrizePool savings promotion is a great way to motivate yourself to save and potentially earn extra money.
How does PrizePool make money?
PrizePool is currently funded by VC funds, which are being used as a loss leader to make the platform more attractive to users. The goal is for the yield earned through the company’s partnership with a bank to eventually pay for the prizepool. In the future, the company may monetize through this yield or use it to grow the PrizePool. There are also other product lines in the works that will allow PrizePool to monetize in other ways.
What bank is the prize pool with?
PrizePool has partnered with Evolve Bank & Trust, an FDIC-insured institution, to securely hold and protect your deposits. Your deposits are insured up to $250,000, providing you with peace of mind and financial security.
What is the PrizePool vault?
PrizePool vault is a financial product offered by the company that allows customers to save their money and earn a bonus on their savings. Customers receive monthly payments from PrizePool equal to a 0.30% annualized savings bonus based on the balance of their account. This bonus is calculated by multiplying the average monthly balance by 0.30% and then multiplying that amount by the number of days in the month divided by the number of days in the year.