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.

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 you’ve saved your target amount.

Is there a penalty for withdrawing all my Flexible Savings before I’ve saved my target amount?

Yes, it’ll you’ll lose all your interest. 

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

How does Fixed Savings work?

Tap the Savings button 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 don’t have to wait to withdraw, but you’ll lose all your interest if you withdraw more than 20% of your savings before you’ve saved your target amount.

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

Yes, you’ll lose all your interest.

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

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