Yotta, the lottery savings account is once again mixing things up. This time they are making their savings account more like the lottery with a $250,000 prize that grows the longer someone does not win it.

If you are not familiar with Yotta, it is a lottery based savings account that pays you 0.2% APY plus winnings from tickets (up to a grand prize of $10 million). You earn tickets each week based on the amount of money you have deposited into your FDIC-insured bank account. For more information, check out my article on Yotta here and please see the prize breakdown below.

Now, for a special promotion, Yotta is increasing their base APY from 0.2% to 0.4% and changing all of their prize breakdowns. As you can see below, it will be far more difficult to win the smaller prizes than before; however, the upper prizes are far larger now. Rather than winning a Tesla (or cash value just under $40,000), the second best prize is now the “Hot Pot” that starts at $250,000 and grows each week that someone does not win it. Please see the new prize breakdown below:

So, what does this mean for your earnings? Well, your actual APY each week will likely be smaller despite the increase in base APY and the increase in average APY. Now, Yotta’s prizes are far more top-heavy, meaning that a few big winners will bring up the average APY despite the smaller, more frequent prizes reducing APY.

The good news is that there are ways to help guarantee you hit the average APY despite the change in odds. Your best bet is to join pools. Pools are collections of tickets from various users where everyone splits the proceeds based on the percentage of tickets that they contributed. So, if you contribute 10 tickets to a pool of 100 tickets, you would get 10% of all winnings of those 100 tickets.

Additionally, you can get bonus tickets by connecting a direct deposit, using their credit/debit cards, or by referring new users to try out Yotta for themselves! Speaking of referrals, use the following referral code for at least 100 bonus tickets just for signing up using the code Julia118 at withyotta.com.

Overall, this promotion can make the lottery aspect of Yotta a lot more exciting. Who doesn’t love the chance to win $10 million or a growing pot of cash each week just for saving money. However, your actual results could be a bit lower during this promotion. So, as Clint Eastwood famously said, “are ya feelin’ lucky, punk?”

Remember to sign up if you haven’t yet and get bonus tickets and a chance to win prizes up to $10 million just for signing up for Yotta by using the following referral code: Julia118. Good luck!