Renmoney Savings: Earn One of the Highest Interest Rates in Nigeria

Looking for one of the highest savings interest rates in Nigeria? Renmoney offers some of the highest returns on your savings, helping you grow your money faster and smarter. Whether you want flexibility, long-term security, or a dedicated savings goal, Renmoney has the perfect option for you.

READ MORE: The best ways to save money in Nigeria

We know you might already have a savings app you’re comfortable with, but is it truly giving you the best value? Our goal with this article is to show you that better savings options exist—right here. We’re confident you’ll see the difference. Fingers crossed! 🤞🏽

Why choose Renmoney for your savings?

It sounds cliche, but variety is the spice of savings with Renmoney; especially when you’re looking for the one of the highest savings interest rates in Nigeria.

Renmoney has created a diverse range of savings products that cater to your specific savings goals. Here are the highlights;

• High Interest Rates – Earn up to 28% per annum.
• Zero Penalties – Withdraw anytime without charges.
• Lock in a Target – Create a target savings plan and stay consistent.
• Daily Interest Payouts – Watch your money increase every day.
• Start Humble – With as little as ₦1,000, you can start your savings journey
• Simple & Secure – Save easily using the Renmoney app.
• Compound Interest – Earn interest on the money you’ve saved and on the interest itself.
• Regulated – At Renmoney, your cash is insured by the NDIC (Nigeria Deposit Insurance Corporation) and we’re regulated by the CBN (Central Bank of Nigeria)

For some insight on how interest is calculated on your savings account, take a look at this.

Renmoney Savings Plans: Earn More, Stress Less

1. Smart Goal: Save with a purpose & earn up to 16% p.a.

If you’ve got a financial goal, Smart Goal helps you save towards it while earning up to 16% interest per annum. Set your target, automate your savings, and achieve your dreams faster. Whether it’s a vacation, a new car, or your rent, Smart Goal makes disciplined saving easy and rewarding.

2. RenFlex: Flexible savings with up to 18% interest

There’s something free about having a savings account that pays high interest and gives you instant access to your funds. RenFlex offers up to 18% per annum, pays interest daily, and doesn’t penalize you for withdrawals. You can save at your pace and access your money when you have an emergency or simply need money– no stress, no extra fees.

3. RenVault: Fixed Savings with up to 28% returns

For those looking to maximize returns, RenVault is the ultimate choice. It’s investment without the complications of graphs, market crashes and high risk. Lock in your funds for a set period (up to 24 months) and earn a whopping 28% interest per annum. The longer you save, the higher your rewards. If you’re serious about wealth growth, this is your best bet.

Why is savings even important?

The idea of saving can be laughable. Especially in an economy with over 40% of its population considered low class according to a 2019 report. This means about 93 million people earn around N25,000 to N124,000 in a month. Now, why save when there’s barely enough to get by?

It’s because it brings you financial peace and security when you most need it. You can meet your big and small life goals when you have some funds tucked away and, even better, growing by up to 28% interest. Let’s break down the benefits of savings to give you some perspective as to why it’s one of the best steps for your financial security.

1. Emergencies: We wish life were a bed of roses, but as it’s proven not to be, planning for emergencies is important. Emergencies are quite normal; from a flat tyre to a random laptop crash, they could be the simplest thing. They could also be medical emergencies or a relative who needs urgent assistance. Whatever the case, savings can help you stay afloat and manage the financial pressure.
2. Freedom to choose: There’s nothing better than knowing you can decide what you want to do and which direction you want to take. That freedom, which exists because you have a backup plan in your Renmoney savings, comes with a dedication to closing your eyes and putting money away, even if it’s a small amount every week.
3. Goals: We all aspire to something. It’s an innate drive that characterizes us as human beings. Having a savings plan helps you plan towards those goals, in fact, using a Renmoney savings account helps you reach them faster with up to 28% interest to power you on.

How to earn one of the highest interest rates in Nigeria with Renmoney

If we weren’t Renmoney and we stumbled on an article telling us how to earn 28% interest on savings, we’d jump at it. Hopefully, you feel the same way. Here’s how to create a RenVault savings plan and earn up to 28% interest;

1. Download the Renmoney app on Play Store or App Store
2. Open the app and click “My Savings”
3. Tap “Start Savings” and “Open a RenVault”
4. Fund your RenVault with your desired amount
5. Choose your savings duration
6. Decide if you’d like to receive your savings interest upfront or at maturity
7. Choose a plan name and you’re all set

Start saving & growing your money today!

On your path to choosing one of the highest interest rates in Nigeria, we believe we’re your best bet. With Renmoney, saving is simple, rewarding, and accessible. Whether you’re planning for short-term goals, need flexible savings, or want to invest long-term, we’ve got you covered.Ready to earn more on your savings? Download the Renmoney app now and take control of your financial future!