Interest

"Interest" is available in our MoneyTrail Premium Account.

Do you want to grow your money? One way to do this is to ask your parents to add interest on the amount of money that you save each month. The more money you save, the more interest you earn. Interest can now be added automatically with your MoneyTrail account. We use an APY (annual percentage yield) to calculate the interest. You and your parents 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 you can grow your money!