How fixed savings works
Lock your money for 6 or 12 months and earn up to 12% p.a., paid in full at maturity.
1 min read
Fixed savings is for money you don't need to touch for a while. You lock it for 6 or 12 months, and it earns up to 12% p.a., paid in full when the plan matures.
A simple example
Lock ₦200,000 for 12 months at 12% p.a. and you receive ₦224,000 at maturity: your ₦200,000 plus ₦24,000 in interest. These are sample figures, for illustration.
Before you lock
- Pick the amount and the 6 or 12 month period. You see your payout and the rules before you confirm.
- Your money stays locked until maturity. Early withdrawal forfeits interest.
- Not sure what you'd earn? Try the calculator first.
