Modak Makers

Modak is a financial technology company and not a FDIC insured financial institution. Funds deposited into a Deposit Account may be eligible for up to $250,000 of FDIC insurance. The FDIC's deposit insurance coverage only protects against the failure of an FDIC-insured depository institution

12/16/2025

Modak has launched Snowball Savings Goals and expanded the Modak Rewards Boost to help families save, plan, and learn together.

Kids can open a Snowball Savings Goal (with parent approval) and see their savings progress each day inside the Modak app. Parents earn the Boost too, reinforcing saving as a shared family effort.

Through January 31st, 2026, kids’ Snowball Savings Goals and parent spending balances receive a 4% daily-accruing Boost Reward, paid monthly when eligibility requirements are met.

Snowball Savings is designed to help kids understand how consistent saving builds confidence over time.

Learn more: https://www.modakmakers.com/legal/goals-account-acknowledgement

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