Prize Pool rewards people who save.
Prize Pool rewards people who save.
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PrizePool raises $10M to reward people who save

PrizePool has created prize-linked savings accounts, and it has raised $10 million to help further its gamification of savings.

The San Francisco-based PrizePool’s mission is to incentivize Americans to save more and build a better financial foundation by giving them prizes for saving money. It pays a higher interest rate than most bank savings accounts, and it makes saving fun by entering people into sweepstakes awards with cash prizes, said CEO Frank Chien in an interview with VentureBeat.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.