yotta
Yotta Prize Table
Want to discuss these deals? Apply to join the members-only MilesTalk Facebook group.
Advertising Disclosure: Links and credit card offers on this page may earn us a small commission. They never influence what we cover but they do keep the lights on. Learn More

Yotta Reduces Net Earning Rates on >$10,000 Balances

When Yotta first launched (read my Yotta Savings Review), you could keep as much as you wanted in the account, with all deposits earning the same number of prize draw tickets. Yotta is a savings account where your winnings each week are determined by your luck in the daily prize ball draws. I love it, but I only want to do it when I can earn more than a traditional bank.

In December, Yotta made a negative change which changed the number of tickets you got as follows:

If you are in a cash crunch, you should avoid travel rewards credit cards until you are caught up. Here are our favorite credit cards for Intro 0% APR offers and for balance transfer offers

  • Accounts with balances <$25,000: 1 recurring ticket for every $25 deposited
  • Accounts with balances >$25,000: 1 recurring ticket for every $25 deposited up to $25,000 then 1 recurring ticket for every $150 deposited

Well, I guess they are struggling to stay (or become) profitable because they are reducing the amount you can keep on deposit with the full rate earned once again.

Beginning May 3rd, you will earn 1 ticket for every $150 on your balance above $10,000. You will still earn 1 ticket per $25 on the first $10,000 in your account.

What Should You Do If You Have More Than $10,000 at Yotta Now?

You’ll want to wait a few days to withdraw. If you withdraw funds before the Sunday night Yotta ball drawing, they’ll take away your best tickets and ruin your week’s earnings.

On Sunday night, after the draw, withdraw all but $10,000.

Why? Because at 1/6 the earn rate, which is what this is, instead of earning a bit over 1%, you are likely to earn less than 0.25% on the balance over $10,000.

You’d be much better off investing those funds at Marcus, where the base rate is 0.5% but you get an extra 0.10% with your AARP card and an additional 0.2% for three months when you signup via a referral.

Thoughts?

Let me know below in the comments, on Twitter, or in the private MilesTalk Facebook group.

And if this post helped you, please consider sharing it!

You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards

New to all of this? My “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.

yottaWhat is Yotta Savings?: The Yotta Savigs account is a really fun way to earn interest at a higher rate than Marcus while having some fun each night when the Yotta prize ball drops. Currently, the statistical odds imply a net savings rate of between around 1% and 3% - at a time when banks like Marcus are offering a paltry 0.5%. Plus, it's fun! | Read my review of Yotta.


I got "in the game" in 2003 and since then I've collected literally millions and millions of frequent flyer miles and hotel points. I've flown around the world in first class seats that would cost $29,000 using frequent flyer miles and a few bucks in tax. And I've stayed in some of the finest hotels - all for free! A few years ago I realized many of my friends actually thought I was paying for these!! So I started sharing my tips. It's long been a passion, but when I hosted a session on Miles and Points at this year's South by Southwest festival, my love of the game intensified and this blog was born.

2 COMMENTS

  1. I reached out to their customer service and I think this only applies for new deposits after 5/3. This was their message

    Hi, Happy to provide some more clarity. You will retain your current 802 tickets at their current value. Next week after May 3rd you will only earn another ticket for every additional $150 you deposit.

    • The nuance here is everything. They are saying this doesn’t apply until 5/3 which is true. However, it applies to both old and new monty after that date.

      The statement they had provided is: “Thank you for being a Yotta user! We are announcing a change to Yotta’s ticket system. Beginning May 3rd, you will earn 1 ticket for every $150 on your balance above $10,000. You will still earn 1 ticket per $25 on the first $10,000 in your account.
      For example, if you have $11,000 in deposits, the first $10,000 will earn 400 tickets and the remaining $1,000 will earn an additonal 6 tickets for a total of 406 tickets.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here