Prize-Linked Savings

Save money and unlock the chance to win up to $1 million every day. Yotta members have already won over $12 million.

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Yotta is a financial technology company, not a bank. Banking services provided by Evolve Bank & Trust, Thread Bank; Members FDIC and Synapse Brokerage LLC Program Banks. Number drawings RNG certified by Gaming Labs International.

WHAT IS IT?

Inspired by Premium Bonds and Freakonomics, Yotta offers Prize-Linked Savings Accounts to encourage our members to save more. Not only is your money held with Evolve Bank & Trust, member FDIC and eligible for FDIC insurance up to $250,000, but we also pool a portion of the interest on deposits and pay it out in daily sweepstakes (sometimes called a "no-loss lottery") with prizes ranging from 2 cents to $1 million.

We're able to do this by partnering with a lean, digital-first bank - Evolve Bank & Trust, member FDIC - without big offices or branches. And despite this, we still offer everything you expect from a first-class banking experience.**

FDIC INSURED

Yotta does not hold any customer funds. Deposits are held with Evolve Bank & Trust, member FDIC. Funds held with Evolve Bank & Trust, member FDIC are eligible for FDIC insurance up to $250,000

NO FEES

Yotta is free to use. No monthly fees or processing fees as long as you have more than $5 in your account, you're good.

RECURRING DEPOSITS

Schedule recurring deposits to grow your savings and get more chances to win. To really take advantage of Yotta's features, you can divvy up your deposits into buckets to make budgeting a breeze.

MOBILE CHECK DEPOSIT

Snap a couple pics, get your money & get tickets. Like the big banks, but better.

BILL PAY

Pay your bills electronically through the app or have checks mailed on your behalf. Easy breezy.

Open an Account in minutes

We know your time is valuable. And we like to get to the fun part fast.

Pssst... for even more rewards and better chances at winning, setup

Direct Deposit

Double your chances at a Lucky Swipe free puchase, earn bonus tickets on paychecks, and more.

© Yotta Technologies Inc. 2022

Yotta is a financial technology company, not a bank. Banking services provided by Evolve Bank & Trust, Thread Bank; Members FDIC and Synapse Brokerage LLC Program Banks. Please visit https://synapsefi.com/list-of-program-banks for the full list of Program Banks.

The Yotta debit card is issued by two financial institutions:
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- The Yotta Visa® Debit Card is issued by Thread Bank, member FDIC pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
- The Yotta Mastercard Debit card is issued by Evolve Bank & Trust, member FDIC, pursuant to a license from Mastercard.

Lending services are offered via Synapse Credit LLC. Yotta does not own or collect on any debt at any phase of the lending cycle. Lending services are currently only available in Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, Tennessee, Utah, Virginia, West Virginia, and Wyoming. Please see here for more details on the states that Yotta loans are available in.
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1) Early access to direct deposit depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

*Please note that odds for percentage cash or tickets back on a per transaction basis depend on a variety of factors including but not limited to transaction size, category and point of sale.

**Yotta is a financial technology company, not a bank. Banking services provided by Evolve Bank & Trust, member FDIC.

***The Savings Reward is comprised of Prizes.

****Please note that the approximate Average Annual Savings Reward of 2.70% is a statistical estimate based on the probabilities of matching numbers each night. The Annual Savings Reward will vary from member to member depending on one’s luck in the Daily Drawings and is subject to change in the future.