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Locked Pockets
About Locked Pocket
Now, saving your money from yourself is easy. You can lock your money in your Pocket for a set amount of time that you choose to prevent you from unnecessary spending. Moreover, you will get a higher interest rate than your normal Saving Pocket, giving you more rewards by not spending your money.
Jago’s Locked Pocket also has more flexibility. You can add more money into your Locked Pocket anytime and the interest rate will adjust, so you can commit more and more along the process. You can break the lock in case of an emergency with a small fee and without the gained interest.
The interest in your Locked Pocket is paid every month together with your basic interest. See your money grow every month rather than receiving it all in bulk at the end of the period.
To create a Locked Pocket, you can follow these steps:
1. On the Pocket details page, tap the Add Pocket button.
2. Choose the Locked Pocket.
3. Set Pocket's name, pick a background color, change picture, and apply the Add-ons for your Pocket.
4. Tap the Create Pocket button and set the amount to lock.
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Locking a Savings Pocket
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Unlocking a Pocket Early
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Adding Money to a Locked Pocket
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