Recently I heard an episode on Freakonomics podcast called “No-lose Lottery”. You can listen to the episode here Apparently, this is a rebroadcast. Original episode was in 2010. But those details aside, this post is to quickly summarize the concept of “Prize Linked Savings Account” As shown in the illustration above, The savings accounts provide you with the safety. That is your funds are always safe, and you also get some interest.