C13 / Categories

Set up interest-bearing savings

Choose Interest growth, valid terms and tracking start for your savings.

Find it: Categories > Edit or Add category

Video walkthrough

The player connects to YouTube only when you press play. If playback is unavailable, open the video in YouTube.

Open in YouTube

Page-reference preview

Worked examples use sample data, not your account. Reference screenshots show the current app controls in a Windows preview; their example amounts may differ from this lesson. Android system prompts vary by device.

Step 1

Choose Savings

  1. Open the category editor
  2. Check name, icon and purpose
  3. Keep the same category when editing

Create or edit your Savings category and choose Interest growth.

This tracks your agreed interest terms; it does not connect to your bank.

Step 2

Enter savings terms

  1. Select the agreed calculation and cadence
  2. Check principal and annual rate
  3. Use the actual tracking terms

Enter the starting principal, annual rate, calculation and cadence from your agreement.

Check tenure and tracking start before saving; later contributions must use their actual dates.

Step 3

Check tracking start

  1. Use a valid start date
  2. Review the terms
  3. Save once

Check the tracking start date and save the category once.

Only completed local-calendar periods can accrue; future interest is not posted in advance.

Step 4

Check accrued savings

  1. Check the verified saved state
  2. Read the highlighted value
  3. Setup is separate from money movement

The verified completed period adds tracked interest to the Savings category balance.

Tracked interest is not proof of a bank-confirmed deposit; compare your bank statement separately.

Related page references

Screenshot

Open original image