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article/33-adding-interest-rates-to-the-save-pot-with-plus
Encouraging saving through
Interest
Rates
(Card Feature)
How can I set an
interest
rate on my child's
Pot
?… To set an '
Interest
Rate' on a
Pot
: Go to the
Pot
you want to add
interest
to on your child's dashboard… add the
interest
rate % to be awarded for the money your child keeps in their
Pot
Interest
accrues
Encouraging saving through
Interest
Rates
To set an '
Interest
Rate' on a
Pot
: Go to the
Pot
you want to add
interest
to on your child's dashboard… add the
interest
rate % to be awarded for the money your child keeps in their
Pot
Interest
accrues… Read more Why hasn't
interest
been added to my Child's
pot
?
Removing money from
Save
back to Spend
How to do I move money from the
Save
Pot
to the Spend
Pot
?… PLEASE NOTE: If you have locked your Child's
Save
pot
, they cannot make a removal themselves… You can use the ' Transfer' function found by tapping the quick actions icon to move money from
Save
Why hasn't
interest
been added to my Child's
pot
?
Interest
is paid as long as the following conditions are met:
Interest
is paid on the first day of… not monthly so if the balance of the
pot
is still small and you have applied a low
interest
rate, the… each month based on the balance at midnight - if you moved money into the
pot
on the 1st of the month
How to lock a
pot
so your child can't remove money
How can I lock my child's
Save
or Custom
Pot
? / How can I stop my child from removing money from their
Save
or Custom
Pot
?… Tap on your child's name on the family dashboard Tap on the
Save
pot
or your custom
pot
Tap… paper in the top right corner Toggle on/off the setting 'Allow [Child's name] to remove from
pot
View a summary of your child's earning and spending
amounts added
Interest
earned on the
Save
pot
(
PLUS
/Card feature)… /Card feature)
Interest
earned from funds stored in
Save
(
PLUS
/Card feature) Regular outgoings… (
PLUS
/Card feature) If you'd like to review the transactions for a specific
pot
, you can do this
What is the 'Give'
pot
?
Find out more about the Give
pot
and how to use it here!… a red padlock will appear on the icon for that
pot
) Once they've selected their
pot
, they can… type in the amount to transfer Hit '
Save
' and then 'Transfer' From their dashboard they can
Are there any limits on how much money I can boost into my child’s
Pot
?
Guidance on top-up limits per
Pot
… There are no limits on how much money can be held in each
pot
, however, we have limits on how much money
How to use the Reward
Pot
stickers for Type in the reward they will earn You can customise the
pot
by
adding
a picture… You’ll also have the option to restart the
pot
if you want your child to
save
towards this reward again… What is the Reward
Pot
?
What is the Spend / Card
pot
?
Find out all about the Spend
Pot
and how to use it here… or custom Goal
pot
this won't be used to pay for anything, if there isn't enough money in the Card
pot
… For Tracker customers, the Spend
Pot
helps families understand how much of the virtual wallet is available