Yotta
Yotta achieves this by combining the concept of a savings account with a lottery. When customers deposit money into their Yotta savings account, they earn tickets for a weekly lottery drawing. Each ticket represents a chance to win prizes ranging from $0.10 to $10 million.The more money customers save, the more tickets they earn, increasing their chances of winning. However, even if customers dont win a prize, their money still grows at a competitive interest rate. Yotta offers a base interest rate of 0.20% APY, which is significantly higher than the national average for savings accounts.Yotta also offers additional ways for customers to earn more tickets. For example, customers can refer friends to join Yotta and earn extra tickets for each referral. This encourages customers to spread the word about Yotta and helps grow the user base.To ensure the safety of customers funds, Yotta partners with Evolve Bank & Trust, a member of the FDIC. This means that deposits up to $250,000 are insured by the FDIC, providing peace of mind for customers.Yotta mission is to help Americans build financial security and improve their financial well-being. By making saving fun and rewarding, Yotta aims to motivate people to save more and develop healthy financial habits. With the potential to win life-changing prizes and earn competitive interest rates, Yotta offers a unique and innovative approach to savings.