What’s deposit interest?
Deposit interest is interest that we pay on deposits made into a Kuda Spend account monthly.
How we calculate deposit interest
Our deposit interest rate is 8% of your total deposits in any month. You’ll earn this if you don’t make more than four (4) withdrawals from your Spend account within the month.
If you make more than four withdrawals in a month, you won’t earn any deposit interest for that month.
Deposit interest is separate from the higher interest you could earn if you save with Kuda Pockets.
How to earn higher interest
To earn up to 14% interest, save money in a Fixed Pocket on your Kuda app.