Yotta Review: High Yield Savings Rewards & Prizes

Yotta is a free, interest-earning savings app with daily chances to win up to $1 million. Read our Yotta Review to learn more.

Update 5/10/2024: See the news below regarding discontinued rewards.

Introduction: Is Yotta the Key to Maximizing Your Savings and Winning Big?

Have you ever dreamed of hitting a jackpot without the risk of losing your investment? Yotta brings this dream closer to reality, merging the excitement of lottery-style rewards with the solidity of a savings account. With Americans spending an average of $285 annually on lottery tickets, Yotta offers a financially smarter alternative.

Imagine the possibility of winning up to $11 million every day, alongside earning a steady 0.20% APY on your savings. This isn’t just about saving; it’s about transforming your financial habits into a thrilling opportunity to win big.

Instead of throwing your hard-earned money away, why not put it in a savings account that offers interest and a weekly sweepstakes? That’s where Yotta comes into play. It’s a new way to build financial stability, providing the thrill of possibly hitting the $10 million jackpot while also earning a base 0.20% APY (Annual Percentage Yield). Keep reading for everything you need to know about Yotta.

READ MORE: SEE OUR LIST OF THE BEST CONTEST & SWEEPSTAKES FOR MORE CHANCES TO WIN MILLIONS.

Update May 2024: Yotta Discontinues Rewards: What You Need to Know

Yotta announced that they’re stopping all rewards on savings, paychecks, and card spending effective immediately. The rest of the app will still work as usual, including your YottaCash and all their games and prizes, so it’s not all doom and gloom.

So why the sudden change? It turns out Yotta’s main vendor, Synapse Brokerage LLC, isn’t paying up what they owe. This cash flow issue has forced Yotta to cut these reward features, which is definitely a tough break for us users.

What this means for you: Starting today, don’t expect any more YottaCash APY on your deposits, and say goodbye to those Boxes they used to offer.

Yotta has made it clear that withdrawing your funds is allowed through the app if you’re not satisfied with this development.

Stay tuned for any updates or changes, and as always, manage your finances wisely!

Yotta Review At-A-Glance

How Yotta Works

Simply put, Yotta is a savings app where you can play for cash prizes. Members enjoy a base APY of 0.20% and can win up to a $10 million jackpot every week, as well as a variety of other rewards and bonuses.

The app is completely free to use. There is no monthly account fee and no fees for deposits and withdrawals.

The Savings Account

To open a Yotta savings account, you must be at least 18 years old and a legal U.S. resident. The app will ask for your name, physical address, phone number, date of birth, and social security number during registration, and you need to link an existing, external bank account.

Once you become a member, not only will you earn 0.20% APY on your savings, but you also get one bonus sweepstakes ticket each week for every $25 you deposit into your account and keep it there. So if you deposit $1000, you get 40 tickets every week as long as the funds remain in your account.

If you set up direct deposit, you get 5% bonus tickets on your paychecks. You can also opt for recurring deposits – weekly, biweekly, and monthly – to make it easier to save and earn free tickets.

The Daily Cash Prizes

For every sweepstakes ticket, you get to choose seven numbers or have Yotta autofill random numbers for you. The contest begins every week on Monday and ends on Sunday. Every night at 9pm EST, a third-party company uses a random number generator to draw one number.

If the numbers on any of your tickets match with the numbers drawn during the week, you can win anywhere from $0.10 to $10 million. The more numbers you match, the more you win.

The odds of winning are very slim. But, playing is free so you have nothing to lose.

Sweepstakes prizes are deposited immediately at the end of each week. For every $25 you win, you get one bonus ticket.

To increase your chances of winning a weekly cash prize, members can participate in Pool Play. This lets you combine any or all of your tickets with other members’ tickets. The more tickets you contribute to the pool, the greater the share of winnings you’ll receive. You can form a private pool with friends and family, or you can join a public one with strangers.

The Debit Card

All members get a Mastercard debit card with access to 55,000 fee-free ATMs. Earn one bonus sweepstakes ticket for every $10 you spend on your Yotta card. Also, if you spend $2,000 in your first four months as a member, you’ll get 1,000 bonus tickets. On top of that, Yotta gives you a chance to win the item you just purchased for free (up to 1 in 100 chance of free purchase).

How To Earn the Yotta Sign Up Bonus

Earning the bonus with Yotta is a straightforward process that combines the excitement of potential rewards with the practicality of saving money. Here’s a step-by-step guide to help you earn the Yotta sign-up bonus and start maximizing your savings potential:

Step 1: Sign Up

• Sign Up With a Referral Link: Use this referral link to ensure you get the sign up bonus.
• Use the Referral Code: During the registration process, enter the referral code “moneysmylife”. This code is your ticket to accessing the special sign-up bonus offer, which includes up to $100 and 1 million tickets.

Step 2: Make Your First Deposit

• Initiate a Deposit: After setting up your account, you’ll need to make your first deposit. There’s no specified minimum deposit amount mentioned for earning tickets, but traditionally, every $25 saved gets you a recurring ticket into weekly draws.
• Understand the Bonus Structure: The Referral Box you receive upon signing up with the referral code can contain various rewards, including a cash bonus up to $100 and as many as 1 million tickets for the weekly draws.

Step 3: Participate in Weekly Draws

• Select Your Numbers: For each ticket you have, you can either manually pick seven numbers or have them auto-selected for you. Yotta conducts a random number draw every night at 9:00 PM EST, culminating with the 7th and final number drawn on Sunday night.
• Win Prizes: The more numbers you match, the bigger the prize. Matching all seven numbers could win you the $10 million jackpot. Even if you don’t hit the jackpot, there are still numerous prizes to be won, making every week an exciting opportunity.

Step 4: Refer Friends

• Share Your Referral Code: Increase your chances of earning more by sharing your unique referral code with friends and family. Each successful referral who signs up and makes a deposit will earn both of you a Referral Box, potentially containing more tickets and cash bonuses.
• Aim for the Metal Yotta Debit Card: As an added incentive, after your 10th referral, Yotta offers the chance to earn a metal Yotta Debit Card, subject to availability. This not only elevates your status but also enhances your spending experience.

Additional Tips:

• Stay Engaged: Regularly check the app for additional promotions or opportunities to earn extra tickets and bonuses.
• Save More, Earn More: Remember, the more you save with Yotta, the more tickets you’ll earn, increasing your chances of winning in the weekly draws.

By following these steps and actively participating in Yotta’s ecosystem, you can maximize your savings potential while enjoying the thrill of the possibility of winning substantial prizes. It’s a unique way to make saving money both rewarding and fun.

See our Yotta promotions page here.

The Security

Member funds are held by Evolve Bank & Trust and are FDIC-insured for up to $250,000. Plaid, a trusted financial services startup by Visa, handles deposits. Plus, Yotta is backed by famed startup accelerator Y-Combinator.

Bottom Line

Yotta is best suited for those who find it hard to save money. The app provides a weekly sweepstakes that encourages you to deposit and keep funds in your account. It’s completely free to use, and the interest rate is more generous over traditional bank savings accounts.

Compare Yotta with the best online savings accounts…

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.