Check out the official sweepstakes rules for more detailed info on all the prizes you can win, eligibility, and more!
"Okay, saving money isn't exactly fun or glamorous, but it's sooo necessary and this app actually makes me look forward to adding to my savings. It's called Yotta, and I learned about it from a BuzzFeed commenter on one of our personal finance posts (TYSM fahneek!!). For every $25 you deposit, you get a ticket, and a new number is drawn every night at 9 p.m. ET. The more numbers you match, the more money you can win — and did I mention that there's a jackpot of $10 million and no fees? Plus you can also win smaller chunks of cash, or even a Tesla, just for making deposits to an FDIC-insured savings account. And you still get a guaranteed interest rate on your savings of 0.2%
On the surface, it sounds a little too good to be true, so I tested it out with just $25 and won a 32% return, thanks to the 100 bonus tickets I got for signing up. After transferring the rest of my emergency fund over, my return has dipped to 1%, which sounds small until you learn that the average interest rate on a savings account in the US is a measly 0.04% and most high-interest savings accounts tap out at around 0.5%. I've never been much of a gambler because I HATE losing money, but Yotta has me hooked. I really look forward to checking my numbers every night, and I get excited to deposit funds and get more tickets. Plus, you can get extra tickets for referring friends and pool tickets to increase all of your chances of winning.
It does have some limits — for example, you can only connect Yotta to one funding account at a time, and it only works with US-based accounts. Additionally, if you need to transfer funds back to your checking, it can take a couple of days for the money to arrive. But if you're looking for something that will help you save more for a rainy day, and maybe even enjoy doing it, it can't hurt to give Yotta a try." —Megan Liscomb
Download Yotta for free from the Apple App Store or Google Play.