Best High-Yield Savings Account?! HUGE Changes: Still Worth It? | Yotta Savings Review – Ask Sebby

by YouTube Team

💰 Yotta Savings Review one month later. Check out Yotta Savings: 🍀 New users can use our exclusive code “LUCKY” to get 125 free tickets (one-time, not recurring) with any deposit. Email says 100, but 125 is hard coded in the back end. Check app to see tickets. Click “Show More” to see Ad Disclosure
[ Yotta Review + Calculator ]
More information on prize-linked savings and Yotta on Mandy Roams:

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0:00 Start Here
1:35 Aug 2020 Winnings
3:46 Sept 2020 Changes
5:18 Analysis

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The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available

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34 comments

Yaacov October 1, 2020 - 3:17 pm

They should advertise 5.9M instead of 10M

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Chad Michael Mobile October 1, 2020 - 5:36 pm

Do you keep the tickets from referrals or are they one time use?

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Felix Shim October 2, 2020 - 1:19 am

After watching Graham’s video, and Sebby’s video I decided to put in some money and try it out. It’s fun how they made it into a game, and I can see how this could encourage people to save money.

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Gameboyreaper October 3, 2020 - 5:15 am

I like it. It makes saving more fun.

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Schistocyte October 3, 2020 - 5:18 pm

The app doesn't work…I try to log in and out and it ask me for my information again. Right now unable to log back in. Very frustrating!

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Brendan Fitness and Money October 3, 2020 - 8:47 pm

Giving it a try, definitely more entertaining than our old savings account!

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ronako October 4, 2020 - 12:29 am

Just signed up using your referral code. Just curious, what platform are you using to angel invest in some of these 'seed' companies? Am interested in investing in some.

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Living Unashamed October 5, 2020 - 9:24 pm

I think its pretty cool and still better than other high yield accounts out there right now. My issue is the amount of time it takes for your money to be deposited and withdrawn. Its been almost 10 days and I'm still not seeing my money in the account.

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Biomech011 October 14, 2020 - 11:02 am

Sebby, "Prizes" means Taxed correct? Don't you have to pay a tax on "Prizes"? Im still scratching my head on this. Are you actually saving?

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ZacharyDingo October 15, 2020 - 12:07 am

Sebby, YouTube recommended this video to me, which was interesting on the tax consequences of Yotta’s prize winnings! https://youtu.be/ZrClYmEI8W8

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Fernando Salas October 16, 2020 - 8:55 am

Hey Sebby. Don't know if you'll answer but maybe someone else can help. When you calculated the new value of each ticket for the case of $1,000 split with 4,500,000 tickets at 5:28 how did you get 0.000209505? I'm getting 8.1353E-10 using (Prize/Participants)*Odds where Prize=$1000, Participants=4,500,000 and Odds=0.0000036609 (1/273158). Let me know. Thanks!

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Eduardo Ariscorreta October 17, 2020 - 9:46 pm

I just signed up with Yotta using your code, excited to see that this savings account has to offer 🙏

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Milton Evans October 30, 2020 - 11:50 pm

Since we are getting .20 APY and prizes, are we getting a 1099-INT & a 1099-MISC from Yotta for tax purposes?

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Brian Jensvold November 27, 2020 - 8:34 am

Please review "netspend" 5% interest for $1000

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JJ Lee December 4, 2020 - 7:23 pm

Thanks Sebby, just signed up using your code.

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Jayson Ellis December 4, 2020 - 7:48 pm

They just changed it again. "Accounts with balances >$25,000: 1 recurring ticket for every $25 deposited up to $25,000 then 1 recurring ticket for every $150 deposited." Sounds like a huge reduction over 25k.

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Casey Reed December 8, 2020 - 3:16 pm

Please do an update on balances over 25k and if it makes sense at $150 per ticket.

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21Mat5 January 4, 2021 - 4:53 am

Hey Sebby,
Can you do an update on Yotta? I noticed that they changed the money to ticket ratio when you go above $25K. What’s the overall interest now? Still worth it if you stay below 25K?

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rpgbfd January 5, 2021 - 9:03 pm

Yotta has terrible customer service.

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Peee Rez January 12, 2021 - 6:12 pm

JUAN723 use this code for 100 tickets trust me its worth it

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Financial Self-Reliance January 13, 2021 - 11:38 pm

I went for it and opened an account a couple months ago, just did my first review of it on my channel, and will continue to do update videos. So far I really recommend it as it's a much higher interest rate than anything on the commercial level, and even higher than most of the online high yield savings accounts and beyond that it's just fun to see the ball drop every day and week! Thanks for doing this video!

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ONLYONEAM January 15, 2021 - 2:28 pm

Where can I get this spreadsheet? Is there a template I can copy?

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Paul Smith January 18, 2021 - 7:13 pm

Do you lose money from your principal balance?

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Paul Smith January 24, 2021 - 1:04 am

Do Yotta Bank have Stocks?

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Nick January 26, 2021 - 6:19 am

How do you invest in Yotta as an Angel investor?

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Ezequiel Narvaez January 26, 2021 - 9:28 pm

Part of investing is saving money and yotta savings has been good to me! You gotta know that with the new pool feature, people are even putting more money into savings as they believe the pool will raise substantially there opportunity to win the big prize! People should check the reddit forum Yotta Savings to see how together we not only are striving to save more, but earn more from our savings in the process.

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capcom4eva January 29, 2021 - 10:13 am

Do you have a pool & can I get an invite? I’m subscribed to your channel, thanks! 😉

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Jennifer H February 2, 2021 - 6:15 pm

I am curious about how this is taxed. It says on the site that after you earn more than $600 on price that it’ll be reported to the IRS, so as an example if we earn $700 how much will we have to pay in tax? Can you explain it please?

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Paige Iroegbu February 11, 2021 - 4:22 am

have not won anything other than 21 cents in two months.

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LessThree February 22, 2021 - 3:18 pm

What’s the best strategy for playing in the pools? I currently have half my tickets in pools and the other half just on my own. Does this make good sense? Or is it best to pool ALL your tickets?

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Jason Pham March 30, 2021 - 4:53 pm

Hi there, I was wondering what is your thoughts on “PrizePool”. And do you think it’s safe to invest with them?

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Brendan Callahan May 1, 2021 - 8:44 am

how much extra tickets did you get from people using your code though? Because I want to know what the APY would be for someone not promoting a share code through a 162k sub YouTube channel.

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Supremefive Pro October 17, 2021 - 2:15 am

I hope they only continue to increase their APY. I agree with you Sebastian I don't have to earn less so some bank can keep the lights on in their 24hr ATM kiosk

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Walter Maynard November 13, 2021 - 4:56 am

Good customers are being turned off. I recently opened a Yotta savings account for my 17 year old son and to my extreme disappointment they rejected him for the debit card. We appealed for a review, as he is a honor student and he had already deposited several hundred dollars in his account with the intent to deposit more from his hard work, and the denial was up held. They claim minors are eligible to apply but 'qualify' and 'eligible to apply' are different and credit is not a factor. I am puzzled by Yotta’s proprietary underwriting to deny the debit card for a prime candidate. Looking for other saving options now.

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