GoHenry helps kids take charge of their own saving—they can see the result of every money choice they make in their app, set goals and watch their savings grow over time. This grows their independence and sets them up with smart savings habits, giving them the head start every parent wishes they’d had.

Yes! Plus and Max members can earn interest when they activate their child’s interest savings account. You can also choose to set up parent-paid interest on all savings goals.

With GoHenry you can set up parent-paid interest on your child’s savings goals. Just set your chosen interest rate in the parent app, and they’ll get paid interest on their savings once per month—the more they save, the more they’ll earn.

GoHenry savings goals let kids see their money add up in real-time, creating excitement around saving. These goals can also be customised with a target name, end date and autosave—reminding kids of what they’re saving for, and teaching them about delayed gratification.

Forming smart money habits as a child helps them become second nature as they get older. By teaching your child how to understand and manage their money, you’re giving them a head start in life, allowing them to make better financial choices as they grow.

GoHenry helps open up conversations about money with your child, and gives you the tools to encourage and guide their journey. They can watch their money grow with custom savings goals and learn more about the benefits of saving with GoHenry Money Missions. In fact, kids are putting over 30% more into their savings after the first month of completing a Money Mission! Why not try a savings challenge to kickstart a lifelong habit?

GoHenry is full of smart money tools to help your child understand compound interest. They can learn the theory using GoHenry Money Missions, and experience it in real life as they earn interest on their savings. You can also check out the GoHenry blog for articles on compound interest and how to save money as a child.