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

Ryan Scribner is an angel investor in Yotta. 

Choosing the right account is essential for maximizing your savings and reaching your financial goals.

Yotta and US Bank offer different features and benefits that cater to diverse customer needs.

Let's compare Yotta and US Bank to help you make an informed decision.

What Is Yotta?

Yotta has gained popularity among over 700,000 members who are looking to supercharge their finances and have a shot at winning up to $1 million every day.

With an average annual savings reward of 2.70% APY, Yotta offers a competitive interest rate that helps your savings grow over time.

What sets Yotta apart is its unique gamified experience. In addition to a base rate of 0.20% APY on savings, Yotta conducts daily prize drawings ranging from $0.03 to $1 million, providing an exciting opportunity to satisfy your "gambling itch" while saving.

Yotta also offers a debit card and credit card that allow users to earn more tickets into the daily drawings.

Recently, Yotta introduced I Bonds Buckets, which simplifies the process of purchasing I Bonds without navigating the outdated Treasury Direct website.

What Is US Bank?

On the other hand, US Bank provides a range of savings account options to help customers achieve their financial goals.

Their Elite Money Market Account, for instance, offers an attractive 3.85% APY on balances between $25,000 and $499,999.99. This account is designed to make your savings work harder for you, providing a higher interest rate than traditional savings accounts.

US Bank understands that customers have different financial needs and offers a variety of savings accounts to cater to those needs.

US Bank vs Yotta

When comparing Yotta and US Bank, it's essential to consider your personal financial goals and preferences.

If you're attracted to the potential daily prizes and a gamified savings experience, Yotta might be a good option to consider. The chance to win big rewards coupled with a competitive interest rate can provide a unique savings journey.

However, if you prioritize higher interest rates and a variety of savings account options, US Bank's Elite Money Market Account might be a good option if you have a large deposit amount.

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 wrote a book called “From Side Hustle To Main Hustle To Millionaire” about his side hustle journey. He started off as a utility worker in Upstate NY before launching his YouTube channel in 2016 as a side hustle. In 2017, he went full time with the online business, quitting his job. Since then, he has grown his channel to 800,000 subscribers. Ryan now shares side hustle tips with others and is an angel investor in many fintech companies.

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.
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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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