Here’s the dirty truth — putting money in a regular savings account will do nothing for Future You. Yep, we said it.
The problem is that you still need a savings account for your emergency fund or vacation fund. What is that 0.05% average APY going to do for you? Nothing. Nothing!
But a savings app called Yotta makes keeping your savings account worthwhile. Not only will it pay you at least 0.20% APY on your savings (way higher than the national average), but you’ll earn tickets that can win you up to $10 million every single week.
All you have to do is keep money in your account and you could be a millionaire by next week.
Earn Double the National Interest Rate and Win a Tesla (or Cold Hard Cash)
When you sign up for a free Yotta account, you’ll get one ticket for every $25 in savings. The more you have saved, the more tickets you get, and the better your chances of winning $5,000, $10,000, a Tesla or $10 million every single week.
Here’s how it works: For each ticket you have, you choose seven numbers. And every evening, Yotta displays a winning number. The more numbers you have matched by the end of the week, the more money you win. Easy!
And not only are you getting the chance to win cash, you’ll also continue to earn interest on your money at a rate that’s over twice the national average. That’s a pretty sweet deal.
You can earn more tickets by referring friends, setting up direct deposit or using a Yotta Mastercard debit or credit card.
And when you sign up for the free debit card, you’ll not only earn 10% in bonus tickets on your spending, but you’ll also have up to a one in 100 chance to get your purchase for free every time you swipe. In addition, you’ll also get 1,000 bonus tickets into the next weekly contest if you spend $2,000 in four months with the card.
Yotta also offers a free credit card with no interest, fees or credit check required.
How to Get More Money — And Get Better at Managing It
While Yotta’s main perk is the chance to win $10 million or a fancy electric car, it will also help you manage your money better. Within the app, you can organize your funds into buckets to help you budget and even lock some of those buckets so you don’t accidentally overspend.
Ready to win $10 million? Take two minutes to sign up for your free Yotta account and connect your bank account via Plaid. You’ll have to enter your Social Security number, but don’t worry — the app uses military-grade protection and is FDIC insured.
Start saving and earning tickets now and you could be rolling in the dough by next week.
Kari Faber is a staff writer at The Penny Hoarder.