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Editor's note
As of May 2024, Yotta no longer offers rewards on savings balances, paychecks, and card spend.
Many banks offer savings accounts that can help you earn interest over time on the money you deposit into your account. Yotta Prize-Linked Savings Accounts functions similarly, but with a fun twist: you get to play a lottery game each day for opportunities to add more cash to your account.
In this Yotta Prize-Linked Savings review, we'll cover the ins and outs of this account, including any fees it has, what we like about it, and the areas where it falls short. This can help you decide whether it's worth it for you to open a Yotta Savings account.
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
4.30%Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Open a new SoFi Checking and Savings account and pay the $10 SoFi Plus subscription every 30 days OR receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
Minimum Balance for APY
$0
Bonus Offer
Up to $300New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found athttp://www.sofi.com/legal/banking-rate-sheet.
Why We Like It
Earn a $50 or $300 bonus and up to 4.30% APY1 <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at<a href="http://www.sofi.com/legal/banking-rate-sheet" >http://www.sofi.com/legal/banking-rate-sheet</a>.</p> on your money with eligible direct deposit
Limited-Time Offer: +0.70% Boost on Savings APY for 6 months on new accounts with eligible Direct Deposit. Terms Apply.2 <p>Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Open a new SoFi Checking and Savings account and pay the $10 SoFi Plus subscription every 30 days OR receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 1/31/26. Rates variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member FDIC.</p>
No account, overdraft, or monthly fees3 <p>We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a></p>
Get your paycheck up to two days early with direct deposit4 <p>Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.</p>
Access additional FDIC insurance up to $3 million5 <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at <a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>
Yotta's distinctive feature is its lottery game, where customers receive recurring tickets based on their deposits, and they choose numbers for daily drawings. Matching numbers results in cash rewards, with a potential $1 million jackpot for those who match all numbers.
Yotta Prize-Linked Savings account doesn't charge monthly maintenance fees on balances above $5. There are no minimum balance requirements, but you need at least $25 to begin earning tickets to play in the lottery game.
Yotta has no physical branches, so it's accessible exclusively through its mobile app, available for both iOS and Android devices.
Yotta Prize-Linked Savings basics
Minimum deposit to open account
$0
Monthly maintenance fees
$0, unless your balance is less than $5 on the first day of the month, in which case there might be a fee of $1 or your balance, whichever is lesser
ATM access
No fee withdrawals at over 55,000 Allpoint Network ATMs
Transactions per month
Six withdrawals according to Federal Regulation D
$10,000 in daily transactions
FDIC insured
Yes, up to $250,000
What is Yotta?
Yotta is a fintech company that has been founded in 2019 by Adam Moelis and Ben Doyle in New York. The company received a boost with funding in the summer of 2020 from Y Combinator, a popular seed-funding company. Y Combinator is known for helping launch huge companies like Airbnb, Dropbox, and DoorDash.
The founders of Yotta were inspired to create a prize-linked savings account after seeing how well a similar company, Premium Bonds, did in the United Kingdom. Yotta works similarly to how online savings accounts work, except that Yotta Savings is accessible only via its mobile app (available for both iOS and Android devices). Keep in mind that Yotta doesn't offer checking accounts.
How does Yotta work?
After you sign up for an account, you can make your first-time deposit. You can also withdraw money from your Yotta Savings account.
Americans who participate in the Yotta Savings lottery game need to make at least one $25 deposit. For each $25 deposit into Yotta Savings, you'll earn one recurring ticket, up to a maximum ticket number of 500,000 per day.
Your tickets are used in daily drawings. Six numbers for each of your tickets (five regular numbers and one YottaBall) are randomly selected every night at 9 p.m. E.T.
The winning numbers are then drawn within the Yotta app. The more numbers you match, the more money you win. Matching all five numbers plus the Yottaball on one ticket wins the $1 million jackpot.
Yotta's prizes and odds
Because your tickets are recurring based on your account balance, you'll receive a number of tickets each day that reflects your balance.
For example, a $10,000 account balance would receive 400 (10,000 / 25 = 400) recurring tickets every day. If your balance drops to $5,000, you'd receive 200 (5,000 / 25 = 200) recurring tickets. So the higher your account balance each day, the more tickets you'll receive, and the higher your chances of winning cash from the Yotta lottery.
Here is what your tickets might win and the odds of winning each prize:
Matching numbers
Matching Yottaball
Ticket prize
Odds
0
Yes
$0.03
1:129
1
Yes
$0.10
1:464
2
Yes
$0.75
1:5,282
3
Yes
$20
1:161,995
4
Yes
$2,000
1:15,065,513
5
Yes
$1,000,000
1:7,080,791,256
0
No
$0
1:1.3
1
No
$0
1:4.7
2
No
$0.02
1:54
3
No
$0.20
1:1,653
4
No
$1,000
1:153,729
5
No
$20,000
1:72,252,972
What we like about Yotta: benefits and perks
No monthly maintenance fees for balances above $5: Avoiding fees can be an important strategy when choosing the best savings account. With Yotta Prize-Linked Savings, you don't have to pay monthly maintenance fees on any balances above $5. If your balance is $5 or less on the first day of the month, you'd get charged $1 or your remaining balance, whichever is lesser.
Rewards potential: If you get lucky and win one of the bigger prizes that Yotta Savings offers, you could see a significant return. However, remember that luck is a major factor in this game.
Fun approach to banking: Likely one of the biggest draws of Yotta Savings is how it works. Buying lottery tickets is often associated with the thrill of being able to win huge prizes, but it's also typically accompanied by disappointment when you lose and regret wasting money. You won't necessarily win big money every day with Yotta (the odds of winning the Yotta jackpot are one in 7 billion per ticket), but it's fun.
Mobile access: Life is busy, but it's important to have access to your finances no matter where you are. Because Yotta Savings has a mobile app for Apple and Android devices, it's easy to make deposits and withdrawals while you're on the go.
What we don't like about Yotta: drawbacks
Digital only: Yotta is only available to use through its mobile app. This means that there are no physical branches to visit. Many people will find the mobile app to be convenient enough, but not having the option to visit a local branch may not fit all people.
Low average annual rewards: Some of the best high-yield savings accounts offer competitive annual percentage yields. For example, the Western Alliance Bank High-Yield Savings Account helps you earn an APY of 3.90% (as of 11/26/25)6 <p>APY means Annual Percentage Yield. APY is accurate as of 11/26/25. Interest rate and APY may change after initial deposit depending on the terms of the specific product selected. Minimum opening deposit is $1.00.</p> on your balance with only a $1 minimum deposit.
How to open a Yotta Savings account
Here are the steps to open a Yotta account:
Visit Yotta to get started.
Enter your email address, desired password, referral (if you have one), and other information required.
Once your account is created, connect a bank account, make a deposit, and provide additional personal information such as your address, date of birth, and social security number.
Deposit at least $25 to begin earning tickets for Yotta's daily prize draws.
Deposits into your Yotta Savings account take about three business days and can be withdrawn after another four business days.
How to withdraw money from Yotta Savings
In the Yotta Savings app, choose the "Withdraw" option in your settings and select which connected bank account you want to move money to. Then input the amount of money you want to withdraw and submit the withdrawal. Withdrawals from your Yotta Savings account take one to three business days to process.
You can also use your Yotta Mastercard debit card at thousands of in-network ATM locations to withdraw cash from your savings for free. Keep in mind that using an out-of-network ATM typically incurs fees.
Other Yotta Savings fees
Overdraft fee
$0
Stop payment fee
$0
ACH transfers
$0
Incoming wire
$0
Outgoing wire
Not available
Yotta Savings customer service
Yotta Savings is an online account, so you don't have the option to visit any in-person branches. However, you can contact the Yotta Savings support team through messaging features in the mobile app or on the website. You can also get in touch with Yotta by sending an email to support@withyotta.com.
4.7
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
Openbank High Yield Savings - 4.20% APY7 <p>Interest Rates and Annual Percentage Yields (APYs) are accurate as of 12:01 AM ET September 23, 2025. The products and rates we offer may vary between locations, are available in select markets only, and are subject to change without notice. Rate for this product will be based on the residential ZIP code entered when account is opened within online application process. This is a variable-rate account and the rate applicable may change at our discretion any time without notice. A minimum deposit of $500 is required to open a Openbank High Yield Savings account. Personal accounts only.</p>
<p>Openbank is a division of Santander Bank, N.A. Member FDIC. There is a maximum of $250,000 of deposit insurance from the FDIC per depositor for each category of account ownership. Visit FDIC.gov for details. Deposits at Santander Bank, N.A., and Openbank are combined for the purposes of calculating FDIC insurance limits (FDIC Cert #29950) and are not separately insured.</p>
Earn 10x the national savings average for Savings deposit products as published on FDIC.gov.
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
2025 award winnerBest Checking and Savings Combo
SoFi Checking & Savings - Earn Up to $300 When You Set Up Direct Deposit
Limited-Time Offer: Earn a $50 or $300 bonus and up to 4.30% APY on Savings (3.60% APY1 <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at<a href="http://www.sofi.com/legal/banking-rate-sheet" >http://www.sofi.com/legal/banking-rate-sheet</a>.</p> with +0.70% APY Boost) for 6 Months on new accounts with eligible direct deposit. Terms Apply.2 <p>Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Open a new SoFi Checking and Savings account and pay the $10 SoFi Plus subscription every 30 days OR receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 1/31/26. Rates variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member FDIC.</p> FDIC Insured.5 <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at <a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
Use Cash App As Your All-in-One Financial Services Platform
Bank8 <p>Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Savings provided by Cash App, a Block, Inc. brand.</p><p class="">Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Direct Deposit provided by Cash App, a Block, Inc. brand.</p> without all the fees—save, send, and spend your money the way you want.9 <p class="">Your balance is eligible for FDIC pass-through insurance through our Program Banks Wells Fargo Bank, N.A. and/or Sutton Bank, Members FDIC for up to $250,000 per customer when aggregated with all other deposits held in the same legal capacity at each Program Bank above, if certain conditions are met. Cash App is a financial services platform, and not an FDIC-insured bank. Prepaid debit cards issued by Sutton Bank, Member FDIC. See <a href="https://cash.app/legal/us/en-us/card-agreement">terms and conditions</a>. </p> Get paid up to 2 days early – up to 2 days earlier than most banks10 <p>Your first deposit may take longer depending on your employer.</p>
Funds in your Yotta Savings account are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $500,000. In addition, sensitive information like your Social Security number is encrypted with 256-bit AES encryption.
Who owns Yotta?
Yotta is owned by various private equity investors, including founders Adam Moelis and Ben Doyle. Funds in Yotta Savings accounts are held with Synapse Brokerage LLC member FDIC Program Banks. So your funds are insured for up to $500,000.
How does Yotta make money?
Yotta works with partner banks that pay a small amount of interest to depositors. This is one of the ways traditional banks typically make money as well. Yotta primarily focuses on earning interest from deposits, so it partners with online banks that don't have high overhead expenses so it can offer more value to its customers.
Bottom line
When you open an account at one of the best banks, you should look for accounts that can help you grow your money. Yotta offers a healthy interest rate plus a fun lottery system.
Overall, the more you deposit into your Yotta Savings account, the more you might win. This is because you'll receive more tickets as your deposits increase, which improves your odds of winning money during the daily random number draws. However, keep in mind that this is entirely based on luck, so you might not win more.
If the Prize-Linked Savings account from Yotta doesn't sound like the right fit, consider other options in our list of the best savings accounts to find the right account for you. If you still want an account with ATM access, check out our list of the best online savings accounts with debit cards for more options.
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
2025 award winnerBest Checking and Savings Combo
High APY of up to 4.30% on Savings (3.60% APY1 <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at<a href="http://www.sofi.com/legal/banking-rate-sheet" >http://www.sofi.com/legal/banking-rate-sheet</a>.</p> with +0.70% APY Boost) for 6 Months on new accounts with eligible direct deposit. Terms Apply.2 <p>Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Open a new SoFi Checking and Savings account and pay the $10 SoFi Plus subscription every 30 days OR receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 1/31/26. Rates variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member FDIC.</p>
Paycheck access up to 2 days early with direct deposit4 <p>Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.</p>
No monthly maintenance or overdraft fees3 <p>We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a></p>
Streamlined savings and savings goals with Vaults
Access to a large ATM network11 <p>We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees may be incurred when using out-of-network ATMs. SoFi’s ATM policies are subject to change at our discretion at any time.</p>
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