Best ways to save and invest your money and make profits using Palmpay
CashBox
• This is a flexible savings wallet where you can deposit and withdraw anytime.
• Interest is up-to 20% p.a., which is paid daily.
• You can withdraw anytime without penalty and auto-save option available.
SmartEarn
• This is short-term savings with slightly higher returns.
• Interest up to 17.21% p.a.
• Your funds are locked for a specific period (e.g., 7–90 days).
Spend & Save
• Every time you spend with PalmPay, a portion is automatically saved.
• This encourages consistent saving without thinking about it.
Target Savings
• This is designed for a set goal (e.g., rent, school fees, business).
• You set a target amount and timeline, PalmPay helps you save automatically.
• Interest is up to 12% p.a.
Fixed Savings
• This is where you lock your money for 7, 30, 90, 180, or 365 days.
• Interest up to 20% p.a., depending on the period.
• No withdrawals before maturity (early withdrawal forfeits interest).
Trial Cash
• This is a promo feature where PalmPay gives you free trial money to test savings/investments.
Insurance
• Here PalmPay partners with insurance companies for health, life, and device protection plans.
• Good for: Protecting yourself, your phone, or your business from unexpected loss.
Mutual Funds
• This is where you can invest in different kind of funds managed by professionals.
• Your money is pooled with others and invested in stocks, bonds, and treasury bills.
How to Set Up
Open the app → Tap Wealth → Select your preferred product → Start saving or investing.
- Make sure you read the TERMS & CONDITIONS
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Abiodun Olusola
CashBox• This is a flexible savings wallet where you can deposit and withdraw anytime.
• Interest is up-to 20% p.a., which is paid daily.
• You can withdraw anytime without penalty and auto-save option available.
SmartEarn• This is short-term savings with slightly higher returns.
• Interest up to 17.21% p.a.
• Your funds are locked for a specific period (e.g., 7–90 days).
Spend & Save• Every time you spend with PalmPay, a portion is automatically saved.
• This encourages consistent saving without thinking about it.
Target Savings• This is designed for a set goal (e.g., rent, school fees, business).
• You set a target amount and timeline, PalmPay helps you save automatically.
• Interest is up to 12% p.a.
Fixed Savings• This is where you lock your money for 7, 30, 90, 180, or 365 days.
• Interest up to 20% p.a., depending on the period.
• No withdrawals before maturity (early withdrawal forfeits interest).
Trial Cash• This is a promo feature where PalmPay gives you free trial money to test savings/investments.
Insurance• Here PalmPay partners with insurance companies for health, life, and device protection plans.
• Good for: Protecting yourself, your phone, or your business from unexpected loss.
Mutual Funds• This is where you can invest in different kind of funds managed by professionals.
• Your money is pooled with others and invested in stocks, bonds, and treasury bills.
How to Set UpOpen the app → Tap Wealth → Select your preferred product → Start saving or investing.
- Make sure you read the TERMS & CONDITIONS
LIKE and SHARE this with your friends. Abiodun Olusola