Spend+Save

How does Spend+Save work?

Tap the Spend+Save button on your Kuda dashboard, set a percentage to save every time you spend from your Kuda account and we’ll save it for you automatically.

How much interest can I get with Spend+Save?

We don’t pay interest on Spend+Save.

Flexible Savings

How do Flexible Savings work?

Tap the Savings button on the dashboard, tap Save Now then choose Flexible and follow the prompts on your screen to set up your goal. We’ll move money to your savings from your Kuda account or bank card daily, weekly or monthly until you meet your target.

How much interest can I get with Flexible Savings?

We pay between 5% and 10% interest on Flexible Savings. We’ll give you a specific interest rate when you set up your savings.

How long do I have to wait before I can withdraw from my Flexible Savings?

You don’t have to wait to withdraw, but you’ll lose all your interest if you withdraw more than 20% of your savings before the maturity date.

Is there a penalty for withdrawing all my Flexible Savings before the maturity date?

Yes, you’ll lose all your interest and your savings plan will end.

Note: You can withdraw only up to 20% of your savings without losing your interest.

Fixed Savings

How does Fixed Savings work?

Tap the Savings button on the dashboard, tap Save Now then choose Fixed and follow the prompts on your screen to save.

How much interest can I get with Fixed Savings?

We pay between 10% and 15% interest on Fixed Savings. We’ll give you a specific interest rate when you set up your savings.

How long do I have to wait before I can withdraw my Fixed Savings?

You have to wait until the maturity date to withdraw your savings otherwise you'll lose all your interest.

Is there a penalty for withdrawing my Fixed Savings before I've saved my target amount?

Yes, you’ll lose all your interest and your savings plan will end.

Note: If you'd like to earn interest on your Fixed Savings, you can't withdraw from it before its maturity date.

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