CashBox to rekindle savings culture among Nigerians vanguardngr.com vanguardnews
A Nigerian-based digital savings platform, CashBox, has said it wants to double the number of customers saving on its platform by year-end through improved quality services.
He said the company rewards its customers as much as 15 percent annually while allowing users save as low as N100. “Users on this plan earn between seven to 10 percent interest annually and are at liberty to suspend their savings at any time. They are also entitled to make four withdrawals at no cost, on the first day of the last month of every quarter, which is March, June, September and December and any withdrawal done outside these days attracts a five percent charge on the account,” he said.
The plan also allows users lock a fixed sum of money for any time frame above 90 days, get their interest upfront and locked funds at maturity. Users of the plan can earn as high as 15 percent interest per annum depending on the length of time and are open to the option of rolling-over or withdraw their savings at maturity.
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