PennyPod - Family Savings

By Casalige Enterprises, LLC on AppTrack Ninja.

Teach Compound Interest

A piggy bank doesn't teach your kid anything about money. A real savings account has minimums, disclosures, and paperwork no ten-year-old will ever read. Somewhere between "stuff cash in a jar" and "open a UTMA" there should be a simple tool that treats the money seriously and makes compound interest visible. PennyPod is that tool. PennyPod is a family-run savings ledger for iPhone and iPad. You set an interest rate for each of your kids. You choose how often it compounds — daily, weekly, monthly, quarterly, or yearly. You log deposits and withdrawals in a tap, and PennyPod handles the math, …

Categories: Finance, Education

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