Saving Money in a fixed Account with Banks in Nigeria

M

mesomof

New member
Not in any particular you can Save your Money in a fixed Account with Banks in Nigeria if you will not be using the money immediately for like 3 to 6 months

✅ PiggyVest
Option: SafeLock
Interest: up to 18.5% per annum.

✅ FairMoney
Option: FairLock
Interest: up to 21% per annum.

✅ OPay
Option: Fixed Money
Interest: up to 15% per annum.

✅ AB Microfinance Bank'
Option: Fixed Deposit
Interest: up to 21% per annum.

✅ Jollof+ by Baobab Microfinance Bank
Option: Jolloflock
Interest: up to 21% per annum.

✅ Kuda
Option: Fixed Savings
Interest: up to 15% per annum.

✅ PalmPay
Option: Fixed Savings
Interest: up to 20% per annum.

✅ Nomba
Option: SafeStash
Interest: up to 20% p.a. for personal

✅ Moniepoint:
Option: Locked Savings
Interest: up to 16% per annum.

✅ FCMB
Option: GROMax / GROFlex
Interest: Up to 18% per annum

✅ Carbon
Option: Cash Vault Investment
Interest: Up to 20% per annum

✅ RenMoney Microfinance Bank
Option: Fixed Savings or RenVault
Interest: up to 19% & 25% per annum respectively

Etc.
 
Bonus 1️⃣: All the above options are licensed by the CBN and insured by the NDIC. So they’re very safe.

Bonus 2️⃣: Please DON'T save your hard-earned money with any financial institution that is not licensed by the CBN and insured by the NDIC. Don’t do it!

Bonus 3️⃣: You see all those big commercial banks? Their interest rates on fixed savings are ridiculous. You’ll see 3%, 5%, maybe 7%. What’s that?
 
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