How to Save with Nearpays and Earn 2% Interest Monthly on Locked Funds

Are you looking for a way to grow your funds effortlessly?

Nearpays has just launched an exciting new feature that will help you do just that! Introducing the Nearpays Saving feature—an innovative way to lock your funds, earn interest, and take control of your financial future.

How Does Nearpays Savings Work?

With Nearpays Savings, you can securely lock your funds for a chosen period and watch them grow with monthly interest.

Here’s how it works:

1. Choose Your Currency: You have the flexibility to save in either USD or NGN.

- The minimum deposit for USD savings is $20.

- You can start with as little as ₦30,000 for NGN savings.

2. Set Your Lock Period: You can choose to lock your funds for a period ranging from 1 month to 3 months. This allows you to decide the best savings duration based on your needs.

3. Earn Monthly Interest: For every month your funds are locked, you’ll earn an attractive 2% interest on your savings. This means your money is working for you, helping you build a more secure financial future.

Why Choose Nearpays Savings?

- No Fees, Just Gains: Unlike many other savings platforms, Nearpays Savings is transaction-free. There are no hidden transaction fees, so every penny you save goes straight into growing your funds.

- Flexible Savings Options: Whether you're saving for a short-term goal or looking to build a nest egg, Nearpays gives you the flexibility to choose how long you want to lock your funds.

- Secure and Reliable: Your funds are safe with us. Nearpays ensures top-notch security for all transactions, so you can save with peace of mind.

How to Get Started?

Getting started with Nearpays Savings is simple:

1. Download the Nearpays App: If you haven’t already, download the Nearpays app from the Play Store or App Store.

2. Set Up Your Savings: Navigate to the Savings section in the app, choose your currency (USD or NGN), enter your deposit amount, and select your preferred lock period.

3. Watch Your Savings Grow: Sit back and relax as your savings grow each month with 2% interest.

Start Saving Today!

There’s never been a better time to take control of your financial future. Whether you're saving for a special occasion, an emergency fund, or simply want to grow your wealth, Nearpays Savings is the smart choice.

Download the Nearpays app today and start your journey toward a more prosperous future!

Frequently Asked Questions (FAQs) About Nearpays Savings

1. What is the Nearpays Savings feature?

The Nearpays Savings feature allows you to lock your funds for a chosen period and earn 2% interest monthly on your savings. You can save in either USD or NGN, with no transaction fees.

2. What are the minimum deposit amounts for savings?

- For USD savings, the minimum deposit is $20.

- For NGN savings, the minimum deposit is ₦30,000.

3. How long can I lock my funds?

You can choose to lock your funds for a period ranging from 1 month to 3 months.

4. How much interest will I earn on my savings?

You will earn 2% interest monthly on the total amount of your locked funds.

5. Are there any fees for using the Nearpays Savings feature?

No, there are no transaction fees associated with the Nearpays Savings feature. It’s completely free to use.

6. Can I withdraw my funds before the lock period ends?

No, funds that are locked cannot be withdrawn until the end of the selected lock period. This ensures that you receive the full benefit of the monthly interest.

7. How do I start using the Nearpays Savings feature?

Simply download the Nearpays app, navigate to the Savings section, choose your currency (USD or NGN), enter your deposit amount, and select your preferred lock period to start earning interest.

8. Is my money safe with Nearpays?

Yes, your funds are secure with Nearpays. We use advanced security measures to protect your savings and ensure that your transactions are safe.

9. What happens when the lock period ends?

At the end of the lock period, your principal amount and the earned interest will be credited to your Nearpays account, and you can choose to withdraw or reinvest it.

10. Can I lock additional funds during an ongoing savings period?

Each savings lock is treated separately. To lock additional funds, you can start a new savings lock with a separate deposit.

11. Can I set up multiple savings locks at the same time?

Yes, you can set up multiple savings locks simultaneously, each with its own lock period and deposit amount.

12. How do I track my savings and interest earned?

You can monitor your savings and track the interest earned through the Nearpays app. All your savings details will be available in the Savings section of the app.

13. What should I do if I need help or have more questions?

If you have any further questions or need assistance, feel free to reach out to our customer support team through the Nearpays app or our website.