Nearpays Savings for Beginners: A Step-by-Step Guide to Getting Started

Are you looking for a simple, effective way to grow your money? Whether saving for a rainy day, a special purchase, or just wanting to increase your funds, we’ve got you.

With our easy-to-use savings feature, you can lock your funds and earn 2% interest monthly without fees. This step-by-step guide will walk you through everything you need to know.

Why Choose Nearpays Savings?

Before we get into the how-to, let's talk about why saving with Nearpays is a great choice for anyone looking to grow their money:

- Earn 2% Monthly Interest: Unlike traditional savings accounts that offer minimal returns, Nearpays gives you a solid 2% interest on your locked funds every month.

- Flexible Savings Options: You can choose to save in either USD or NGN, with a minimum deposit of $20 or ₦30,000. Plus, you have the freedom to decide how long you want to lock your funds, from 1 month to 3 months.

- No Transaction Fees: There are no transaction fees, so every penny you save works toward growing your wealth.

Step-by-Step Guide to Setting Up Your First Nearpays Savings Lock

Ready to get started? Follow these simple steps to set up your first savings lock on Nearpays:

Step 1: Download and Open the Nearpays App

If you haven’t already, the first thing you need to do is download the Nearpays app from the Play Store or App Store. Once installed, open the app and log in or create an account if you're new to Nearpays.

Step 2: Navigate to the "Savings" Section

After logging in, you’ll find the "Savings" option on the main menu of the app. Tap on it to begin setting up your savings.

Step 3: Choose Your Savings Currency

You’ll be given two options: “NGN” or “USD”. Select the currency that best suits your savings goals. Remember, the minimum deposit is $20 for USD or ₦30,000 for NGN.

Step 4: Select Your Lock Duration

Decide how long you want to lock your funds. You can choose from “1 month”, “2 months”, or “3 months”. Your choice of duration will depend on how soon you may need access to your funds and how much interest you want to earn.

Step 5: Enter Your Savings Amount

Once you’ve selected your currency and duration, it’s time to enter the amount you want to save. This is the amount that will be locked and earn interest over your chosen period.

Step 6: Review and Accept the Terms

Before finalizing your savings lock, make sure to review the terms and conditions. This will give you a clear understanding of how your savings will be managed. Once you’re comfortable, accept the terms to proceed.

Step 7: Lock Your Funds

Finally, confirm your savings lock. Your funds will now be securely locked for the duration you selected, and you’ll start earning 2% interest every month!

What Happens Next?

Once your funds are locked, you can sit back and watch your savings grow. You can track your savings and the interest earned directly in the Nearpays app under the "Savings" section.

At the end of your lock period:

- Your principal amount, along with the earned interest will be credited back to your Nearpays account.

- You can choose to withdraw your funds or start a new savings lock to continue growing your wealth.

Download Nearpays Today to Get Started!

Nearpays savings is a powerful feature that helps you achieve your financial goals. Whether you're new to saving or looking for a better way to grow your money, Nearpays offers a user-friendly and rewarding experience.

Download the Nearpays app today and take the first step towards a brighter financial future.

If you have more questions, contact us!