Build Your Savings In A Fun Way

Saving cash is crucial to your monetary well being, however the unlucky actuality is that it usually means holding off on enjoyable splurges. As a end result, constantly setting apart money could be a wrestle. 

Yotta has taken on the problem of creating saving cash extra pleasurable. The distinctive options supplied by this account might be simply what it is advisable persist with your financial savings targets. 

Ready to be taught extra about Yotta? Here’s what it is advisable know. 


Yotta provides the possibility to win money prizes as a reward for saving cash. As you develop your financial savings, you’ll earn tickets which can be entered into weekly sweepstakes. The jackpot is $10 million, and Yotta customers have received over $4 million to this point. 


  • Weekly lottery for money prizes
  • No month-to-month charges
  • Save for a number of targets simply


  • Mobile app solely
  • No bodily places
  • Can earn greater APY elsewhere

What is Yotta?

Yotta was based by Adam Moelis and Ben Doyle and was impressed by the UK’s Premium Bonds program.

This program entered bondholders right into a lottery-style system full with money prizes. The bonds used the potential of giant  money prizes to encourage saving.

Moelis and Doyle needed to make use of this method to alter individuals’s beliefs about private finance and assist Americans grow to be extra financially safe.

As a end result, they created a platform that encourages saving cash  by giving customers the possibility to win prizes as much as $10M every week along with a steady rate of interest that’s over 2 occasions the nationwide common.

The platform has already awarded over $4 million in money prizes to greater than 350,000 customers. Based on these numbers, the corporate appears to be inspiring many individuals to begin saving extra.

How Does Yotta Savings Work?

Yotta is a fintech firm that offers customers the possibility to win as much as $10M every week by way of a weekly sweepstakes. Even if customers don’t win huge prizes, their cash nonetheless grows at over 2 occasions the nationwide common. 

Every $25 you deposit into the account provides you a recurring ticket to each week’s sweepstakes to win as much as $10M. For instance, let’s say that you’ve $10,000 in your Yotta account. You’d obtain 400 tickets every week. 

Every week, you possibly can select the numbers for every of your tickets, or you possibly can enable the app to robotically select random numbers for you. 

After selecting numbers in your tickets, a quantity is launched within the app at 9pm ET each evening. On Sunday evening, you might be awarded prizes based mostly on how most of the numbers you matched in your tickets. 

If you match 6 out of seven numbers, you win a Tesla (3 individuals have received this prize already), and when you match all seven numbers, you win the $10 million prize. Only matching a few numbers will nonetheless win you smaller money prizes, and even when you don’t win prizes, you continue to receives a commission a financial savings bonus of 0.2% APY, in comparison with the 0.01% APY that Wells Fargo and Chase pay on financial savings.

With such a giant prize on the road, that may enhance your motivation to avoid wasting.

Additionally, your cash shall be held in an account that’s eligible for FDIC insurance coverage protection as much as $250,000 through Evolve Bank & Trust. 

Opening an Account

To open a Yotta account, you begin by offering your identify and e mail handle.

You can even want to offer your:

  • Physical handle
  • Date of beginning
  • Social Security quantity
  • Phone quantity

Then, you join a checking account with a view to make deposits and begin incomes tickets into the weekly prize drawings.

You have to be at the least 18 years of age or older to open an account. However, minors between the ages of 13 and 17 can open an account if they’re sponsored by somebody who is eighteen years of age or older.

Keep in thoughts that minors can not join a checking account or fund a Yotta account. Also, sponsors don’t have to be a mum or dad or authorized guardian to assist a minor open an account.

Yotta Pricing

There aren’t many charges related to a Yotta Savings account. 

If you’ve an account steadiness of $5 or much less, there’s a month-to-month service cost of fifty cents. Other than that, there aren’t common month-to-month charges to concentrate on. 

The lack of month-to-month charges is a giant deal because you don’t need a month-to-month price draining your financial savings.

However, there are another charges that you just may  run into.

A couple of of those charges embody:

  • $4.95 price for depositing money by way of Green Dot
  • 1.5% on the spot deposit price
  • 1.5% on the spot withdrawals

Keep these in thoughts as you utilize your Yotta account with a view to keep away from an costly shock. 

Key Features

To higher perceive the advantages of Yotta, listed below are a few of its foremost options.

Prizes for Saving Money

The flagship function of Yotta is the truth that it makes saving cash as thrilling as coming into the lottery. 

With this platform, you’ll be entered right into a weekly sweepstake to win money prizes. The prizes vary from 10 cents to $10 million. 

Not solely are you entered for an opportunity to win, however you’ll get to hold onto your financial savings both manner. 

That makes Yotta a win-win.

Yotta home page

High APY

On high of the prizes, Yotta provides enticing APYs that will help you save extra each single day. Whether or not you win a money prize, your financial savings grows at 0.20% APY. 

That’s over 2 occasions the present nationwide common. 

Savings Buckets

If you’ve a number of financial savings targets, Yotta provides you the chance to arrange totally different buckets to maintain monitor of your progress. 

For instance, you could be saving for a trip, automobile and home down fee . With the financial savings buckets, you possibly can simply separate these funds. 

You may even lock a bucket of financial savings till a future date. This can turn out to be useful if the financial savings you’ve constructed up are burning a gap in your pocket. 

Debit Card With Prizes

The Yotta debit card provides a novel Lucky Swipes function – as much as a 1 in 100  probability that your buy shall be free (paid by Yotta)! In addition, you’ll earn 10% of the worth of your buy as bonus  tickets into the subsequent week’s sweepstakes. 

The card even comes with Zero Liability safety from Mastercard, no international transaction charges and entry to over 55,000 fee-free ATMs. 

Yotta debit card

Paycheck Perks

If you get your paycheck direct deposited to your Yotta account, you will get it as much as two days earlier and obtain bonus tickets into the weekly drawings.

Your first paycheck deposit earns 20% bonus  tickets, whereas each paycheck deposit after that receives 5% bonus tickets.

Crypto Buckets

Yotta additionally provides you the choice to construct financial savings utilizing the Crypto Buckets function. On common, you’ll earn 4% APY with this feature by way of 2.5x extra recurring tickets for the weekly drawing. 

You can seamlessly transfer your cash into the Crypto Yield Bucket with no charges. Your USD is robotically transformed to digital {dollars} (stablecoins) so it may be put to work in decentralized markets.

In flip, you earn 2.5x extra tickets resulting in a mean 4% APY, one the best steady yields of any financial savings account available on the market.

This function could be very straightforward to make use of to attain greater yields, however be aware that your Crypto Bucket funds will now not be FDIC insured. 

All in all, this function is a good choice for these trying  for prime yield financial savings whereas getting the  probability to win the grand  prize of $10 million. 

Pool Play

To enhance your odds of profitable prizes, you possibly can take part in Pool Play. This is while you and different Yotta customers mix your tickets and enter the sweepstakes  collectively.

There are two choices for pool play, together with:

  • Public swimming pools
  • Private swimming pools

To take part in any personal pool, it is advisable use an invitation code. Yotta robotically splits  the prize winnings from a pool between every of the pool members based mostly on what number of tickets they contributed to the group.

Credit Builder Loan

If you like utilizing Yotta to spice up your financial savings, then you definately may determine to work with the app to enhance your credit score rating once they launch their credit score builder mortgage program. 

Yotta plans to supply a credit score builder mortgage of $1,000. You’ll make $55 funds month-to-month for twenty-four months. 

Each fee shall be reported to credit score bureaus, so while you make on-time funds, your credit score rating can see a lift. Plus, you’ll earn 40 bonus tickets every week for the sweepstakes while you use this product. 

However, if Yotta isn’t the precise choice for you, there are different credit-building apps you possibly can attempt.

Customer Reviews

Yotta has acquired extraordinarily optimistic buyer suggestions throughout many platforms.

Here’s a breakdown of its rankings on the totally different rating web sites:

Website Rating Number of Reviews
Apple App Store 4.8 out of 5 Over 7,400
Trustpilot 4.8 out of 5 Over 1,200
Google Play 4.4 out of 5 Over 2,800

Additionally, many purchasers shared their suggestions on these platforms. 

Here are some optimistic and damaging opinions from Yotta Savings customers:

“Love this bank! The lottery ticket system makes it fun to save money. I’m also getting far better interest. So glad I joined.” – Tyler Miller

“After creating a new account for a few days they canceled it and gave a vague cut-paste answer about not being able to reveal their internal requirements for an account.” – Kevin Delphiantares

“Yotta has been great at making saving money more fun and actually gives me an incentive to save more. Everything has been great so far, no issues or complaints.” – Daylon Ruiz

“It’s a cool tool, I wouldn’t use it to save large amounts of money since you can put it in a savings account and make more money there.” – Jayleen Hohlen


Before signing up for Yotta, you should still have some questions. We’ve compiled just a few of probably the most steadily requested questions in regards to the app to assist you decide on whether or not or not it’s best for you.

Is Yotta legit?

Yes, Yotta is legit. The firm makes each effort to maintain your funds secure. 

Through Yotta’s accomplice financial institution, Evolve Bank & Trust, the funds saved in Yotta are insured as much as $250,000. Additionally, the account is protected with bank-grade encryption. 

Just needless to say Crypto Bucket funds usually are not FDIC insured.

Has anybody received the Yotta prizes?

Yes, over 350,000 customers have already received a prize of some type. Although the massive winners are much less widespread, many have received 1000’s of {dollars} by way of Yotta. 

For instance, two customers have received $37,990 and one other received a Tesla. 

Plus, many small-time winners have received just a few hundred as a substitute of 1000’s of {dollars}. 

How can I contact Yotta? 

If you need to join with Yotta, you need to use the chatbox on the web site, ship an e mail to or name 1 (844) 945-3449. 

Additionally, you possibly can attain out on Instagram @YottaSavings. 

How does Yotta generate profits?

With all of the prizes and lack of charges, it’s comprehensible to surprise how Yotta makes cash. 

The fintech firm companions with banks that don’t have bloated advertising budgets and actual property bills, permitting them to move on 20-100x extra worth in your financial savings to you than banks like Wells Fargo and Chase can within the type of a month-to-month financial savings bonus plus prizes.

How many Yotta customers are there? How many Yotta customers are there?

While there aren’t any listed stats on the whole variety of Yotta customers, there are over 350,000 clients who’ve received prizes. This signifies that 1000’s of persons are having fun with the financial savings options the platform provides.


Yotta provides the chance to construct your financial savings in a enjoyable manner. After all, who doesn’t love the possibility to win $10 million? 

You could be shocked by an elevated motivation to tuck funds away to satisfy your financial savings targets. 

If you have an interest in giving Yotta a attempt, you possibly can join and begin saving extra immediately.