Interest

"Interest" is available in our MoneyTrail Premium Account.

Do you want to encourage your child to save money? One way to do this is by awarding them interest on the amount of money that they have saved each month. Interest can now be added automatically with your MoneyTrail account. We use an APY (annual percentage yield) to calculate the interest. You set the percentage rate and the day of the month that the interest will be calculated. On that specific day, MoneyTrail will multiply that percentage rate by the amount of money in the selected account. The amount is then divided by 12 (months) and the resulting amount is added to the balance. Let MoneyTrail keep track of the interest so that your child can learn to grow his money!