Savings Overview

Earn interest on your money with ClapPay Savings.

What Is ClapPay Savings?

ClapPay Savings lets you:

• Earn interest on your balance
• Create savings vaults for goals
• Set automatic savings rules
• Access your money anytime

Key Features

Competitive Interest

• Up to 4.5% APY
• Interest accrues daily
• Paid monthly
• No minimum balance

Savings Vaults

Create separate vaults for different goals:

• Emergency fund
• Vacation
• New car
• House down payment

Each vault has its own balance and goal.

Automatic Savings

Set rules to save automatically:

• Round up purchases
• Save a percentage of deposits
• Weekly/monthly transfers
• When you hit a spending limit

FDIC Insurance

Your savings are protected:

• Up to $250,000 per depositor
• Through our partner banks
• Same protection as any bank

How Interest Works

1. Interest accrues daily on your balance
2. Calculated using daily average
3. Paid to your vault monthly
4. Compounds automatically

Example

$10,000 at 4.5% APY:

• Daily interest: ~$1.23
• Monthly interest: ~$37
• Yearly interest: ~$450

Getting Started

1. Go to Savings in the app
2. Click Create Vault
3. Name your vault
4. Set a goal (optional)
5. Add money

Create your first vault →

Savings vs. Wallet Balance

| Feature | Wallet | Savings |

|---------|--------|---------|

| Earn interest | No | Yes |

| Instant payments | Yes | Transfer first |

| Organization | One balance | Multiple vaults |

Related Articles:

• Creating a Savings Vault
• Savings Interest Rates
• Automatic Savings