FairMoney Microfinance Bank offers different products depending on your financial goals, liquidity needs, and investment horizon. Here you have them:
FairSave:
It’s a flexible savings product that allows you to earn interest while maintaining access to your funds. It offers returns of up to 14% per annum. You can withdraw your money anytime without penalties. Your interest is credited daily.
FairLock:
A fixed-term savings or deposit product designed for people who can lock away their funds for a specified period. It offers returns of up to 21% per annum. You can lock-in periods ranging from 7 days to 2 years.
FairTarget:
This a goal-based savings plan designed to help you save towards specific financial goals Like: Rent, School fees, Vacation, Wedding, Car purchase, Emergency fund, etc. Offers returns of up to 20% per annum. You set your saving target and save at your own pace.
FairDollar:
This is a USD-denominated savings and investment product designed for individuals who want to save and grow their money in U.S. dollars. It offers returns of up to 6% per annum. It helps you diversify your savings and reduce exposure to Naira depreciation.
AutoSave:
This is an automated savings feature that helps you save consistently without manual transfers. You can schedule savings: Daily, Weekly or Monthly. This is suitable for people who want to develop a disciplined saving habit.
Other Benefits
In addition to its savings and investment products, FairMoney also offers:
• Cashback on eligible ATM card transactions.
• Discounts on selected bill payments.
• Zero transaction fees on certain services.
• Bonus rewards for consistent saving.
Important Note:
The interest rates stated above are subject to change and may vary over time in line with FairMoney's terms and prevailing market conditions.
Safety:
Disclaimer: