When you save in Palolo, you'll earn extra money, which we call a boost, when you save over a period of time, or boost period.
The amount you can earn from a boost depends on how much you save per paycheck. When starting your savings, Palolo will show you your available boost amount and boost period. You'll also see a suggestion on how much you should save per paycheck to maximize your boost.
How does it work?
The money you save from your paycheck each month qualifies for a boost. Your boosts are earned over time and are paid to you at the end of the boost period. The total amount you've earned at the end of the period is added to your savings balance and is yours to keep.
To receive your earnings, your paycheck must be connected to Palolo and you must be employed with a Palolo-partnered employer when the boost period ends.