The option to set an Interest rate on your child’s Pots is a feature included in our Rooster PLUS subscription.
To set an 'Interest Rate' on a Pot:
Go to the Pot you want to add interest to on your child's dashboard
Tap on the edit icon in the top right corner
Tap ‘Interest Rate’
From there you can add the interest rate % to be awarded for the money your child keeps in their Pot
Interest accrues over time with each deposit your child puts into their account, and gets rewarded on the first of each month.
You can upgrade your foundation account to PLUS in the app by tapping ‘Unlock PLUS features’ from the parent dashboard menu. Learn more about PLUS at the following link and all the features you gain access to alongside Interest:
Allowance chores children have to complete to earn their full allowance
Extra earners to earn money on top of their allowance
Regular outgoings to encourage budgeting for things like subscriptions or phone bills
Unlimited guardians that can be added to your family account, like grandparents, aunties, uncles and more.
If you have any questions about this, please get in touch via the Contact Us button in the app or via email@example.com.