50 Beta Testers needed for new Savings App (Win Money!)

Jon

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I've shared this on the email newsletter but wanted to share it here as well.

Become a beta tester for The Savings Lottery and win some money!

There are ONLY 50 slots available for beta testers.

If you fancy giving this a go make sure you are quick to apply as all 50 slots will fill up FAST!

The Savings Lottery is a new initiative that has been set up with the mission to get the UK saving. Saving is hard so they want to make it fun by awarding lottery-style daily cash prizes to the savers. The idea is based on a principle called “Prize-Linked Savings”, a concept popularised by Premium Bonds, where the more you save the more prizes you can win. Each £ saved buys a set of numbers and with daily draws, you have a chance of winning every day with no risk of losing your money. “We want people to stop playing scratch cards and lotteries where the odds of winning are tiny and start winning from their savings.”

50 Beta Testers

The Savings Lottery is currently in the Beta stage and they are looking for 50 beta testers to trial the system, in a no-risk trial where they award daily prizes. During the trial, every participant will get a daily risk free flutter if they decide to participate in the draw.

How much is gambled (and saved) is up to you: £1 put into savings buys you 1 set of lottery numbers. At midday, they announce the winning numbers. If you don't win, you're still a winner, because your participation money is held securely in your savings vault for you to access in 12 month’s time. IF you do get lucky, we send you your winnings immediately, no wait.

Making saving fun
Saving is hard but strangely we all seem to be able to find enough to buy the odd scratchcard.

How much could the nation save if all the money gambled on scratchcards and the lottery was put into a savings account?

The Savings Lottery is simple. Every £ gambled (saved) is deposited in a secure, 12 month savings bond, which means you never lose your money (it’s just not accessible to you for 12 months). And just like a daily Premium Bond draw, we provide the interest earned on each day’s lottery pot, as a prize. The more people saving, the bigger the prize! So your money is safe but you get the chance to win every day.

With The Savings Lottery, you get a gambling kick without losing your money.

Your savings are completely secure. All of your deposits are placed in a ring-fenced account with an approved UK bank protected under the UK Financial Services Compensation Scheme (FSCS). At the end of each month, 12 months from now, withdraw the money you’ve saved, or keep it saved with us to increase your chances of winning.
 

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