If you are trying to build wealth, you are not very lucky with today’s meager interest rates. You know better than to get rich quick, and if you expect to win the lottery, your chances are insanely slim. Like 1 in 300 million slim. But are there any other options that don’t require a large buy-in?
Yes, it totally exists, and one of them is a free banking app called PrizePool. A jackpot of $ 25,000 is paid out to a customer every month – plus thousands of other prizes. Only for the use of the account. Seriously.
You are probably thinking: It’s too good to be true; What’s the catch? But there is none. In contrast to playing the lottery, you do not lose anything. Not to mention, your chances are much better. If you had the maximum number of tickets in the September draw, you’d have a 1 in 100 chance of winning the grand prize of $ 25,000.
With Price poolYou are actually being rewarded for building your own savings. Once you open an account, with every dollar saved you will receive entries into the monthly draw. The more you save, the better your chances are.
How To Hit A $ 25K Jackpot Just To Save Your Own Money
When you combine the excitement of potentially swimming in money like Scrooge McDuck with your seriousness about saving, you get a PrizePool bank account.
How exactly does PrizePool work? If you Download the free appYou connect your existing bank account and make a deposit. It uses Plaid, a Visa company, to make sure your information is safe and secure. In addition, your deposits are FDIC insured.
Here’s the fun part: PrizePool gives you a ticket every day for every dollar you have in your account. So if you have $ 100 in your account every day in October, you have 3,100 tickets.
Then on the first of each month PrizePool will enter your tickets into the monthly drawing. (The more tickets you have, the better your chances of winning!)
You can win any amount – from $ 2 to $ 25,000. A total of $ 50,000 in cash prizes will be awarded. Everyone. Single. Month.
Unlike the Powerball tickets, where you keep trying your luck, there are no buy-ins or fees. If you are 18 or older and live in the United States, this is just a safe place to potentially grow your money for free. Even the $ 2 price tag is more than the 60 cents annual interest your current bank would pay you on a $ 1,000 balance.
Thousands of people have already started saving – and winning – with PrizePool. If you Download the app By making a deposit today, you can instantly increase your chances of winning this month’s $ 25,000 grand prize
Kari Faber works for The Penny Hoarder. She wonders how Scrooge McDuck never broke a bone submerged in all those gold coins.
This article originally appeared on www.thepennyhoarder.com