Locking a Savings Pocket

Lock your Savings Pocket to prevent yourself from spending your money and get a higher interest rate in return.

Locking your Pocket means you can't access your money for a certain period or a specific date of your choosing (14 days min. and 6 months max.). During that time, you will receive a higher interest rate based on the duration of your lock and the amount of money inside the Pocket. The interest itself will be given every month with tax and included in the interest calculation for the months forward.

You can apply a lock when you first create a Savings Pocket or lock an existing Savings Pocket.