FairMoney increases Savings Interest Rates on FairLock to 26%

With the launch of its brand-new product, FairLock, leading credit-led digital bank FairMoney Microfinance Bank hopes to assist Nigerians in achieving their objectives more quickly. Customers may safely lock their money with FairLock, a new fixed-term deposit product from FairMoney, and receive significant interest returns.

FairLock boasts of having the greatest interest rates on the market, with a variety of savings and tenure options to choose from and an annual percentage rate of up to 18%. The digital bank claims that by doing this, the consumers would develop discipline around saving money in addition to staying on pace to accomplish their goals.

FairMoney has also launched the FairLock #IDonLockUp Promo in order to thank FairLock’s early adopters and to keep its pledge to speed up client goal achievement. Customers can obtain the highest interest rates the market has ever seen thanks to this groundbreaking deal.

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For some FairLock tenures, the #IDonLockUp promotion, which began on November 1, 2022, automatically doubles the initial interest rate. Rates will rise from as low as 18% to as high as 26% as a result. Customers that take part in this promotion have a great chance of winning expensive gifts.

FairMoney increases Savings Interest Rates on FairLock to 26%

“We all have goals and everyone’s goal is valid, no matter the size or time it takes to achieve it. Therefore, to help our customers reach their goals faster while enjoying high-interest rates and multiple saving tenures, we birthed FairLock. It is safe, secure, and easy to use” said Nengi Akinola, Head of Marketing and Branding at FairMoney.

“To incentivize early users of Fairlock, we are going further to introduce a first-of-its-kind promo, a generous offer that doubles the original interest rates on some FairLock tenures. I dare say this is the highest the market has ever seen for the product category. In addition to these benefits, we are also rewarding customers who jump on this promo with a lot of freebies such as Motorbikes, Generators, Microwaves, Smartphones, and other valuable gift items.”

“We urge Nigerians to take advantage of this product and promo as they plan their goals for the end of the year and the coming year. Whatever your goals are, be it saving for a wedding, personal or career development, business capital, travel, or even school, with FairLock you can create a lock plan to help you stay focused on your goals and then enjoy the reward that comes with the highest interest rates ever.” Nengi added”.

Download the FairMoney app here, then adhere to the following instructions to test out this product and enjoy the advantages; Open the FairMoney App and log in. Click “Access savings,” choose FairLock from the drop-down menu, then click “Start saving.” Enter the amount you wish to save and then pick the savings period you like. Specify your strategy and give the transaction the go-ahead.