1.0.164 Safe to install
Unlock Your Savings Potential with PrizePool
PrizePool offers a unique twist on traditional savings accounts by rewarding users with chances to win cash prizes for saving their money, making saving feel less like a chore and more like an exciting game.
PrizePool is a banking app that offers rewards for everyday financial activities. It provides a range of benefits to its users, including the opportunity to earn a minimum ROI of 4.50% on savings, the chance to win cash prizes up to $1 Million, and the ability to receive up to 100% cash back on purchases.
- Earn a minimum ROI of 4.50% on savings with PrizePool Stacked.
- Have the chance to win one of 10,000 cash prizes every week, including the possibility of winning $1 Million at any time by simply opening a free, FDIC-insured account with PrizePool.
- Receive unlimited opportunities to win up to 100% cash back on any purchase by using the PrizePool Debit card.
- Enjoy winning cash and ticket prizes through PrizeWheel, an on-demand game available anytime, anywhere.
HOW DOES PRIZEPOOL WORK?
PrizePool provides users with weekly chances to win cash prizes based on their financial management activities. The more they spend and save with their PrizePool account, the greater their chances of winning become.
- Users earn 1 ticket per day for every $1 in their PrizePool account. For example, $100 saved results in 100 tickets per day and 700 tickets per week. Additionally, every $1 spent with the PrizePool Debit card earns them 100 tickets.
- All tickets are automatically entered into a weekly drawing where users have the opportunity to win one of 10,000 cash prizes each week, including a chance at winning the Grand Prize of $1 Million at any time.
GET REWARDED FOR SPENDING
With a PrizePool Debit Card, users can access their savings at any time and earn rewards for their expenditures. Every $1 spent with the PrizePool Debit card earns them 100 tickets to the weekly cash prize drawing. Additionally, every purchase made with the PrizePool Debit card is eligible to win up to 100% cash back, with no daily or lifetime limits.
100% SECURE BANKING, FDIC-INSURED***
- Deposits in the main PrizePool account are guaranteed to earn 4.50% APY on savings, regardless of winning a cash prize or not.
- Deposits in the main PrizePool account are protected and secured by the partner bank, Evolve Bank & Trust, Member-FDIC, utilizing bank-level security and encryption.
- Deposits in the main PrizePool account are FDIC-insured up to $500,000.
- Applying for a PrizePool account is free, quick, and has no impact on credit scores.
UNLOCK A 4.50% MINIMUM ROI WITH STACKED
- Upgrade to Stacked and earn a minimum of 4.50% on the entire account balance, with FDIC-insurance coverage.
- Increase your chances of winning cash prizes by receiving double the tickets per $1 saved and spent.
- Enjoy greater opportunities to win up to 100% cash back with the PrizePool Debit card.
- Refer a friend and when they win a cash prize, both you and your referral will receive 20% of their winnings.
- Unlock all Stacked benefits and perks with a 14-day free trial, followed by a yearly billing of $10/month.
For more information, including 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 are provided by Evolve Bank and Trust, Members FDIC.
Overview
PrizePool: Banking Rewarded is a Freeware software in the category Business developed by PrizePool, Inc..
The latest version of PrizePool: Banking Rewarded is 1.0.164, released on 07/03/2024. It was initially added to our database on 10/04/2023.
PrizePool: Banking Rewarded runs on the following operating systems: Android/iOS.
Users of PrizePool: Banking Rewarded gave it a rating of 5 out of 5 stars.
Pros
- Offers users the chance to win prizes through their savings, incentivizing good financial habits
- Utilizes an innovative model that replaces traditional interest with a prize system, which can be appealing to certain users
- Backed by a well-designed app and user-friendly interface for easy navigation and engagement
- Provides transparency in terms of how prizes are awarded and how contributions are used
- Targets users who may not be drawn to typical banking products, tapping into the gamification trend in finance
Cons
- The potential for winning prizes can be seen as a gamble rather than a reliable way to earn interest on savings
- May not appeal to traditional savers who prefer guaranteed interest rates instead of a lottery-style prize system
- Prizes can be unpredictable, leading to possible frustration for users who expect consistent returns
- Limited availability in terms of geographical reach and regulatory compliance in some regions
- Users may end up spending more time and effort trying to win prizes rather than focusing on their actual savings goals
FAQ
What is PrizePool?
PrizePool is a banking platform that offers rewards in the form of prize draws for users who save money.
How does PrizePool work?
Users deposit their money into PrizePool accounts, and for every dollar saved, they earn entries into weekly prize draws.
Is my money safe with PrizePool?
Yes, funds are held in FDIC-insured accounts, providing security for your savings.
Are there any fees associated with using PrizePool?
PrizePool does not charge monthly fees for maintaining an account, though transaction fees may apply in certain situations.
Who can use PrizePool?
Anyone aged 18 or older can open a PrizePool account, as long as they reside in the United States.
What types of prizes can I win?
Prizes can vary from cash prizes to larger bonuses and giveaways; these details are generally outlined on the PrizePool website.
How often are prizes drawn?
Prizes are drawn weekly, giving users regular chances to win based on their savings.
Can I withdraw my winnings?
Yes, any cash prizes you win can be withdrawn and used as you desire.
Is there a minimum deposit required to open an account?
No minimum deposit is required to open a PrizePool account; you can start saving with any amount.
How do I track my entries for the prize draws?
Users can track their entries through the PrizePool app or website, where their savings and prize eligibility are displayed.
Elena Angelini
I'm Elena, your go-to software reviewer at UpdateStar and tech enthusiast. Whether you're a user seeking the latest software titles or software news I've got you covered. When I'm not diving into the latest software, you can find me exploring nature trails, camping under the stars, or competing in online multiplayer games. My reviews are designed to be fun, engaging, and packed with all the details you need to make informed decisions.
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