Tag: Prize Linked Savings

What Is a Prize-Linked Savings Account?

Recently, voters in Texas approved a constitutional amendment that will help citizens in a novel way: Prize-linked savings accounts. Let’s take a look at what these are, why they are good for consumers, and why you should demand them from your own state legislature. What is a Prize-Linked Savings account? Prize-linked savings accounts are bank accounts that have no – or close to no – interest rate on the money held within …
[Read More]