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Everything you need to know about our savings accounts


Inflation over time increases the price of goods and services and this leads to a decrease in the value of your money. For example, you may not be able to purchase for the same price today, goods or services you paid 5 Naira for 10 years ago.

High yield investment instruments — like our Savings and Fixed Deposits — help preserve and sometimes increase the value of your money.

Savings and investments can help you grow your money

Saving and Investing with Renmoney

If you have some money sitting in your bank account or are expecting a considerable amount from business, bonuses, etc., a good way to earn more on your money is to place it in high-yield financial plans or instruments. With a Renmoney Fixed Deposit account, you can start with as low as N10,000, and enjoy an attractive interest rate.

You can also save towards goals that mean a lot to you — like a holiday, your dream car, rent, etc., and earn more on your savings starting with as little as ₦1,000. A bonus of saving is that over time, you’ll build a consistent savings habit in line with your budget and personal goals.

Invest and earn more on your money with attractive interest rates.

How Renmoney Fixed Deposit works:

  • Start a Fixed Deposit: Choose how much you want to invest and for how long
  • Share your details: Share some information about yourself.
  • Start Earning: Fund your Fixed Deposit and start earning more on your money.
Conveniently save towards goals that matter to you.

How Renmoney Savings works.

  • Choose a savings approach: You can either save towards a goal with ‘Smart Goal’ or save what’s convenient for you with ‘Save Easy’.
  • Share your details: Share information about yourself with us — like how much you’d like to save and how long.
  • Start Earning: Fund your savings account and start earning more.

Other things you should know about your investment.

  1. You can always increase your investment amount. The sum of your old and new investments will be re-invested for the tenure you choose.
  2. Your investment is safe with Renmoney. We are regulated by the Central Bank of Nigeria (CBN) and insured by Nigeria Deposit Insurance Corporation (NDIC).
  3. You can visit or our mobile app to view and manage your savings & deposits by yourself.

The Renmoney Team

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3 thoughts on “Everything you need to know about our savings accounts”

    1. Hi there, We're sorry for taking this long to get back to you.
      You can easily apply via the website or by downloading our mobile app from your device store.

  1. Stephen Osse Uadiale

    I want ask if your company is still giving out loan? I've been applying for the past 3 months and was not granted but always deduct from my bank account.
    Please what's the problem?

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