How do I turn on savings and interest?
Savings Accounts are available to all users. Automatic interest is available with ClassBank Pro.
Click the gear icon next to your class name.
Select Edit Class.
Enable Savings Accounts.
(ClassBank Pro) Turn on Interest and choose an interest rate (recommended: 1–3%).
For more detailed setup instructions, see Manage Savings & Interest.
What can students do with Savings Accounts?
Students can:
View their checking / savings balances
Transfer money into savings
Set savings goals
Track their savings progress
View their transaction history
When teachers enable interest with ClassBank Pro, students can:
View their interest rate
See interest earned
View projected monthly interest earnings
Want to learn how interest is calculated? See How does Interest Work?
Student Savings Account view
What does the student dashboard show?
The student dashboard includes a Savings Snapshot, which helps students:
Monitor their progress toward savings goals
See checking and savings balances at a glance
Stay motivated to save consistently
Student Dashboard Savings Snapshot
Does every teacher have access to turn on interest for student savings accounts?
Savings Accounts are available to all users. Automatic interest is available only with ClassBank Pro.
Can I turn student math calculations on or off?
Yes.
Teachers can choose whether students calculate transaction amounts themselves or have ClassBank perform the calculations automatically.
This allows teachers to match the experience to their classroom goals and grade level.
Learn more in How do I turn student math calculations on and off?
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