Yotta Savings is a lottery type savings account that currently offers 2.5-3.5% APY. Previously if you referred friends you’d both earn 100 bonus tickets. Now they have different medal tiers for referrals:
- Bronze (requires 0-2 referrals): Earn 100 tickets per referral
- Silver (requires 3-5 referrals): Earn 150 tickets per referral + 300 bonus tickets
- Gold (requires 6-9 referrals): Earn 200 tickets per referral + 600 bonus tickets + 5% extra tickets per week
- Platinum (requires 10+ referrals): Earn 250 tickets per referral + 1,000 bonus tickets + 10% extra tickets per week
If you can hit 10 or more referrals then that would increase the interest rate by 10% (e.g from 2.5% to 2.75%), obviously won’t be possible for most people. Don’t share your referrals in this post, but I’ve reopened the referral post for the next 24 hours or so (make sure to not repost your link there if you’ve already posted). It also doesn’t look like there is any change for people signing up, you still just get 100 bonus tickets.
Hat tip to reader Bill W
View Comments (20)
use code JEFFREY462 to get 250 tickets (BEST POSSIBLE OFFER)!
Use my referral code JEFFREY462 and we’ll both get 200 tickets. Yotta is an FDIC insured savings account recently featured in Bloomberg and Forbes where you can win prizes up to $10M every week. https://join.withyotta.com/JEFFREY462
I contacted Yotta about withdrawal limits of my own money back to the original source on Nov. 5. I did not hear back from them until Nov. 8 via message. After they verified me and supposing increased my withdrawal limits, I was able to initiate withdrawal back to the original account from which I transferred the funds last year. On the same date - Nov. 8 all Yotta tickets for the amounts were withdrawn from my account. As of today, Nov. 16 my funds are still pending and I still have no access to my own funds.
Just keep in mind that with Yotta customer service is almost nonexistent. If you ever need to withdraw your own money, they can keep it hostage for very long time. Nobody answers the Customer Service number and it takes days somebody to reply to text messages.
Do NOT use Yotta. They claimed it’s no fee, but they begin charging small balance fee since July.
Definitely worth it. Minimum 5%. Use referral code: GOTCHA, this week only, double the number of bonus tickets.
For a welcome bonus, use referral code: WELCOME
https://join.withyotta.com/WELCOME
Yotta sent out an e-mail this week... Subj: This Week Only: We're Doubling Referral Bonuses
THIS WEEK ONLY -- WE’RE DOUBLING TICKET REFERRAL BONUSES
Through 03/27 each successful referral will earn you double the number of bonus tickets you would normally earn. For example, if you have achieved platinum status each friend who signs up for a Yotta account and makes a deposit this week will earn you 500 tickets instead of the 250 tickets/referral normally earned.
Bronze - 100 tickets/referral --> now 200 tickets/referral
Silver - 150 tickets/referral --> now 300 tickets/referral
Gold - 200 tickets/referral --> now 400 tickets/referral
Platinum - 250 tickets/referral --> now 500 tickets/referral
IMPORTANT CHANGE: Yotta Ball now goes 1 to 63 instead of 1 to 25. Since the yotta ball is very important in how much you actually end up winning, this is a really important change to note since it will likely result in a 50% or more cut in winnings.
From the email source:
YottaBall is now between 1 and 63.
Due to changes in the economy that have lowered interest rates on savings accounts, the YottaBall will be between 1 and 63 starting next week. This change allows us to maintain the sizes of our prizes, while also maintaining our position as one of the highest value savings accounts on the market.
The email also notes that the second biggest prize is now a model 3 tesla.
@will
I checked with both Yotta and its bank. Here is the response.
You are receiving this letter because you have reached out with inquiries related to accounts held with Yotta Technologies Inc. ("Yotta") and have contacted Evolve Bank & Trust, Member FDIC, (the "Bank") regarding Federal Deposit Insurance Coverage ("FDIC").
Yotta has opened a custodial account for the benefit of its users at the Bank, in which Yotta holds funds deposited by its users in subaccounts. Yotta has an agreement in place with Synapse Financial Technologies, Inc. ("Synapse"), under which Synapse, as an agent of the Bank, enables Yottas's users, to open subaccounts to be used in connection with Yottas's services.
This letter is being provided to you by Synapse as an agent of the Bank to clarify that the funds in these accounts are eligible for FDIC pass-through insurance. You can find more information about FDIC pass-through insurance on Yotta's website as well, https://www.withyotta.com/.
We trust this information will be of assistance to you. Please let us know if you have any questions about this letter. You can reach us by email at help@synapsefi.com or by phone at 1(415)-688-2943.