What are the Wallet and Safe?
Children can split their pocket money between their Wallet, to use for getting things they want now (so think of it as a Current Account) and their Safe (Saving Account) which is money to save for the future.
We add pocket money your child receives into their Wallet. It is then up to your child to make a decision about what they keep in the Wallet and what they move to their Safe. We reward them for the more they keep in their Safe with trophies and interest. This is paid in Roosties, which they can then go and use in The Village.
What can children do with their Wallet Money?
Children can use their Wallet to save for things in the Rooster Shop, make donations or make a request for you to cash their money out for things they want while out and about.
You can view your child’s progress towards hitting their savings targets, which are comprised of items added from the Rooster Shop, on your Parent Dashboard.
How is the Safe used?
Children can use the Safe to put money aside for the future. That might be saving for something special (like a bike or computer), going on holiday, getting their parents a nice present (!) or moving it into a Savings Account. If you already have a Savings Account set up, or are thinking about creating one for your children, it can be a great way of getting them involved in contributing to a future nest egg alongside Roosterbank.