Woman using a prize-linked savings account.

How Prize-Linked Savings Accounts Can Help Canadians Save

Have you ever wondered how to save more money? Well, if you create a prize-linked savings account, you could be a winner! No, really. With prize-linked savings (or “PLS”), you have the chance to win big cash prizes of up to one million dollars. What’s the best part? You make interest on your deposits, meaning your money grows whether you win or lose. It’s a great way to incentivize saving, and it could help you reach your financial goals sooner than you think.

To open a prize-linked savings account, simply visit Ever.ca. They were recently covered on fintech.ca and techcouver. Launching in mid-2023, thousands of Canadians have already signed up for the waitlist. Once you’ve opened an account and deposited money into it, you’ll receive tickets for the draw every week. For every $100 you have in your account, you’ll receive a ticket every 7 days. The more money you have in your account, the greater your chances of winning. And don’t worry—even if you don’t win the big prize, there are multiple smaller prizes awarded each week.

There are many benefits to opening a prize-linked savings account. First of all, it can help you save money by providing an incentive to sock away as much cash as possible. Secondly, it’s a great way to build up an emergency fund or reach other financial goals. And finally, it’s just plain fun! Who doesn’t like the idea of winning a cash prize? Finally, prize-linked savings accounts are FDIC-insured, so you don’t have to worry about losing your money.

Instead of leaving your money in traditional savings accounts with low to no interest, transfer them to a PLS account. Your money will grow, and on top of that, you’ll have the chance to win a big prize.

If you’re looking for a fun and easy way to save money, prize-linked savings may be the perfect solution. You’ll earn interest on your deposits, plus get the chance to win cash prizes every week. What’s not to love? So if you’re ready to reach your financial goals faster and make saving more enjoyable, prize-linked savings may be just what you need.


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