Yotta Savings Review: The Worst Way To Save Money?

You may have recently heard of Yotta savings, a site that advertises a chance of winning ten million dollars per week. Now, a lot of people have been very skeptical of this app because of its forward thinking concepts. Yotta, if you didn’t know, applies interest in the form of a lottery system. Every week you pick numbers based on the amount of tickets you have. If you pick enough of the numbers that end up winning, you are awarded a prize that is supposed to act as your interest. The more money you put in the more tickets you get, so the more money you have the chance at making.

Most people that I’ve talked to have stayed away from Yotta because it sounds too good to be true and sounds like that it only benefits people with a lot of money. The idea of Yotta is very revolutionary in America which also turns a lot of people away. As someone who has had Yotta for a month now, some of this criticism is true and some is false. So, today we will be discussing the pros and cons of Yotta.

Viewer Discretion: I am not a financial advisor and this post is not sponsored by Yotta. Some of the links below may contain affiliate links, which means I make money at no extra expense to you.


Yotta gives you a ticket for every twenty-five dollars you deposit. As you start to gain more interest, you earn more tickets which gives you the chance for more money. The prizes can range from ten cents to a Tesla to ten-million dollars. When you sign up for Yotta with a friend’s code you get one-hundred free tickets (use code GETYOURGREENZ).


Currently, for small accounts especially, Yotta is giving tremendous returns. With only having Yotta for approximately one month, I’ve made eleven cents off of twenty-five dollars. Overall, this brings a return of 8.97%, an extremely high return for a savings account. Yotta’s promotional code gives you one-hundred free tickets, meaning your interest starts high and gets lower. If you would like to use my promotional code, GETYOURGREENZ, we both get one-hundred tickets which helps our odds for interest.

My Yotta Earnings One Year In

Another pro of Yotta is the simplicity of the app. For most apps, a complicated set-up is required for any transactions to occur. I’ve tried many financial apps, and I can say that Yotta was by far the most simple to set up.

Yotta is also by far the most enjoyable out of apps such as Robinhood, Webull, and Acorns. Yotta is completely FDIC insured, so there’s absolutely no risk of signing up here. The app has caused me little stress, and I’ve even found that I enjoyed watching the ball drops at 9:00 EST every day.

Yotta has one of the lowest entrance fees out of all the aforementioned apps. Yotta is right behind Acorns, with a twenty-five dollar initial deposit. So, Yotta can be a great way for beginners to start saving money. Also, for people who crave a lottery type system Yotta can be a great way to gamble while saving money. The app is built off of the paradox of gambling while saving.


The biggest limit of Yotta is undoubtedly the low interest for larger accounts. A lot of this is due to the limit of most prizes as Yotta typically doesn’t give out prizes more than five-thousand dollars. Also, with big deposits it lowers the meaning of the free one-hundred tickets. For someone that puts in only twenty-five dollars, one-hundred tickets is more than you’ll get in an entire year.

For someone that puts in one-hundred thousand dollars, one-hundred tickets becomes nothing. That person will get four-thousand tickets per week. For most people, we get the majority of our interest from the very first week because we put in under twenty-five hundred dollars. For people willing to put lots of money in the bank, I think your interest rate with Yotta could be much lower than mine currently is.

Another problem with Yotta is that it doesn’t have any real features. Yotta is simply an online bank account that you can put money into for it to go up over time. Honestly, if you’re investing over five-hundred dollars this makes Acorns a much better option. Your Acorns account will be treated as an investment account instead of a bank account, gaining better interest than Yotta.

While it is very possible that Acorns could lose value, overtime, an investment account will always go up more than a savings account. The reason I wouldn’t put less than five-hundred dollars in an Acorns account can be found an article I wrote here. But, as I mentioned in another article I wrote here, Yotta can be a great way to save for a medium sized purchase, or anything that costs under five-hundred dollars.

All of this combines to say that Yotta fails in many regards of what it is supposed to be. Yotta is a savings account without many of the advantages of a savings account.  At the same time, an investing account would yield a higher return. Now don’t get me wrong, there are plenty of ways in which Yotta could be a useful tool, such as an emergency fund. However, the ways in which Yotta is useful are fairly limited.

Yotta Rating

Overall, I would rate Yotta a solid seven out of ten. Yotta is still fairly new, and for what it was meant to do it works great. In order for Yotta to increase their ranking, I would like to see them expand and diversify their features.

Yotta is very limited in its uses and I think this is its biggest drawback. For a newer app in the market, Yotta is exceptional in every manner. Yotta wouldn’t be my first choice in a lot of circumstances, but overall I would recommend the app for people who are beginning to save.