Interest
Set up interest rates on accounts to teach kids about saving and compound growth.
1
Set an Interest Rate
When creating or editing an account, set an annual interest rate (0-100%) and choose how often it's applied: daily, weekly, or monthly. This teaches kids that saving money earns more money over time.
2
Interest Simulation Preview
As you set the rate and frequency, a live simulation shows projected earnings based on a $100 reference balance. This helps you choose the right rate before saving.
3
Track Interest Payments
On the account detail page, you'll see the current interest rate, frequency, next payment date, and projected next interest amount. Interest payments appear automatically in the transaction history.