I recently came across an interesting new savings account, and I am excited to share it with you all today.

I think you’ll want to hear about this as it’s such an interesting and new concept.

Here’s a quick overview of the new savings app that gives you the opportunity to win $10,000,000 every single week.

Yotta Savings uses the psychology that drives Americans to play the lottery to instead motivate Americans to save money.

For every $25 that you save with Yotta, you have the chance to win $0.10 all the way up to $10,000,000, every week.

And, if you don’t win, your cash that you’ve saved still has a 0.20% savings rate, which is twice as high as the national average.

The creators of Yotta built this savings app to help Americans meet their savings goals. This is especially important because according to the Federal Reserve, 40% of Americans do not have $400 for an emergency. However, even though that is a crazy statistic, Americans still spend $80 billion on the lottery every year, which averages out to $640 per U.S. household. [Read more…]