What happens when my child reaches a Savings Goal?

Great news — your child just reached one of their Savings Goals!

Now that they’ve hit their target, you’ve got a few options for what to do next:

• Move the funds to a Spend Control if your child was saving up for something they’re ready to buy.
• Transfer the money to their General Savings, where it can continue to earn Parent-Paid Interest (if enabled).
• Leave the funds in their Savings Goal — they’ll stay put and continue earning Parent-Paid Interest if that’s turned on.
• Edit the Savings Goal and increase the goal amount to encourage your child to keep saving toward a bigger target.

If a Greenlight Savings Reward is earned for a closed goal, it will be automatically deposited into your child’s General Savings on the payout date.