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Encouraging saving through Interest Rates (Card Feature)
Encouraging saving through Interest Rates (Card Feature)

How can I set an interest rate on my child's Pot?

Updated over a year ago

The option to set an Interest rate on your child’s Pots is a feature included in our Rooster Card 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.

If you have any questions about this, please get in touch via the Contact Us button in the app or via hello@roostermoney.com.

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