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Written by Ryan Scribner on May 15, 2023
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Yotta vs PrizePool 2024: Which Is Best?

Ryan Scribner is an angel investor in Yotta. 

In an era where financial apps are revolutionizing the way we manage our money, Yotta and PrizePool have emerged as popular options for those seeking unique and rewarding saving experiences.

Both platforms offer prize-linked savings accounts that not only help users save money but also provide exciting opportunities to win cash prizes.

Let's delve into the features of Yotta and PrizePool to see how they compare.

What Is Yotta?

Yotta has attracted over 700,000 members who are enticed by the chance to win up to $1 million every day.

The average annual savings reward on Yotta is 2.70% APY, making it an appealing option for those looking to grow their savings.

The base rate of 0.20% APY provides a steady foundation, and the daily prize drawings offer an element of excitement.

Prizes range from $0.03 to a whopping $1 million, giving users the thrill of potentially winning big. One success story even involves a lucky member winning a Tesla.

While Yotta began as an online savings account platform, it has expanded its offerings to include debit and credit cards. These additional features allow users to earn more tickets into the daily prize drawings, enhancing their chances of winning.

Moreover, Yotta's recent launch of I Bonds Buckets simplifies the process of buying I Bonds, eliminating the need to navigate the cumbersome Treasury Direct website.

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Robinhood IRA Boost

Here's what you need to know:

  • Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
  • All Robinhood investors will get a 1% Match on what they Contribute or Transfer
  • Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

Best Free Stock Promotions

Robinhood Logo1 Free Fractional Share Worth Up To $200Learn More
Webull LogoEarn Up To 75 Free Fractional SharesLearn More
Moomoo Logo7 Free Stocks When You Deposit $100+Learn More
Acorns Logo$20 Bonus When You Invest $5+Learn More

What Is PrizePool?

PrizePool, on the other hand, brands itself as a secure prize-linked banking app that rewards users for saving and spending.

With PrizePool, customers have the opportunity to win one of 10,000+ cash prizes each month, making it an enticing option for individuals who enjoy the excitement of potential cash windfalls. The platform also offers a guaranteed savings bonus on FDIC-insured funds.

The 4.40% monthly savings bonus on the entire Stacked balance is another compelling aspect, significantly surpassing the national average rate by a factor of 15.

This high savings bonus offers an impressive incentive for users to save more and grow their funds rapidly.

PrizePool vs Yotta

When comparing Yotta and PrizePool, it is clear that both platforms provide unique advantages to their users.

Yotta's daily prize drawings and diverse range of financial products make it an appealing choice for those seeking a comprehensive solution for saving and growing their money.

PrizePool, on the other hand, offers a high monthly savings bonus, making it an attractive option for individuals who value immediate returns and growth on their savings.

Ultimately, the choice between Yotta and PrizePool depends on an individual's personal preferences and financial goals.

If you enjoy the thrill of daily prize drawings and a variety of financial products, Yotta might be the right fit for you.

On the other hand, if you prioritize a higher monthly savings bonus, PrizePool might be the more suitable option.

Regardless of which platform you choose, both Yotta and PrizePool offer innovative and rewarding experiences that can transform the way you save and manage your finances.

Be sure to read our full Yotta review here for more info!

Don't forget to grab your free stock worth up to $200 from Robinhood today!

Article written by Ryan Scribner
Ryan Scribner is the Co-Founder of Investing Simple and author of the personal finance book ‘From Side Hustle To Main Hustle To Millionaire’ (available on Amazon and at Barnes & Noble). He is recognized as a Top 100 Money Expert by GoBankingRates. Ryan Scribner runs a successful YouTube channel focused on money and investing, which he started in 2016. Scribner was exposed to the finance world early on with a dad who is a financial advisor. Before he started his YouTube channel, he was working and making a surplus of money which he began investing on his own. Then he started to document it on his YouTube channel, before launching the Investing Simple blog in 2018. Ryan Scribner has used his own experiences with money to show others what he’s done to be successful so that they can learn from it. He has been featured in The Wall Street Journal in a publication on The Financial Gurus Millenials Listen To. In addition, Ryan Scribner has been featured in MarketWatch, Business Insider and Forbes - where he was recognized as the #1 Must Watch YouTube Channel For Making Money. In recent years, Ryan has become an angel investor across numerous startups. This includes fintech platforms such as Yotta, Mesh Connect and Commonstock - recently acquired by Yahoo Finance. Beyond that, Ryan has equity investments in a veteran-led cybersecurity company Netrise, as well as Beacons - an all-in-one builder tool for creators. Today, Scribner lives in South Florida - teaching others how to build wealth and “semi-retire,” without sacrificing your life to a 9-to-5.

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
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M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
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Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
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Get 1 Free Stock Worth Up To $200 From Robinhood!

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