The quick answer: the AGR is like a money-off voucher that increases your spending power. You allocate money to our partner brands and watch your spending power with them grow by 4.8% AGR for 12 months.
The details: it’s a reward in the form of a digital money off voucher that you receive from our merchant partners. Each time you commit money in advance to one of our partners – we call this H Money - it is supercharged, and your spending power with that merchant increases by a rate of 4.8% for 12 months, calculated and applied on a daily basis. This is a reward from the merchant in return for making advance payments to spend with them in the future. At the end of those 365 days, if you haven’t spent the money, it stays safely in the Jar, but no longer gets an AGR.
Each time you make an advance payment, a new 12-month cycle starts for that advance payment. Whenever you spend HMoney from a Jar, the rewards come out first followed by the ‘oldest money’, so HyperJar is automatically maximising your annual growth
There is no time limit on spending HMoney: the longer it’s in the Jar, the greater the reward up to those 12 months. H Money must be spent with that merchant, but it can be gifted or shared with others in a Shared Jar and there's no time limit. That's it.