Earn up to 28 times as much interest on your money

January 6, 2021

Accrue interest and make your money work for you and your friends.

A collection of US Dollar bills make an interesting financial wallpaper.
Bricks-and-mortar banks cost you when it comes to your savings. With the national average saving account interest rate at 0.07%, that means Joola users will earn roughly 28 times joining money pool groups. To put that in perspective, assume you put $10,000 into a savings account with a 0.07% APY. After one year, you’d have earned about 70c in interest. Joola member, who join a $1,000 group with 12-members and receives the last two payouts of the group, can expect to earn about $10-20 rewards with the current rate.

Users can find financial flexibility by choosing the positions they want when joining a group. With upfront fees and straightforward pricing, users can take advantage of the rewards system to save or get access to low-cost loans. 

The way it works is pretty simple–Joola users can select the number of members in a group that will determine the group duration, choose the payment intervals, i.e., bi-weekly or monthly, and get the payout amount they want to receive. 

It’s free and easy to get started. The sign-up process is similar to a savings account with banks. This way, all the members are verified upon onboarding. All transactions are secure furthermore automated once the group starts.

Coming soon to the App Store and Play Store. Join our waitlist to get the latest updates.

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