Fairmoney | Zikoko!

All the supermarkets and online vendors have started packing their red-coloured Valentine’s Day gift items and decorations inside because the season is over. But your account balance is now red because you went a “little” overboard trying to show love. We rate it, but you’re probably experiencing the following phases now.

The realisation phase

You’re looking at your account balance and suddenly remembering the amount there is supposed to take you through the remaining days of the month. And internet service providers just increased the cost of data. Wahala.

The rationing phase

You start reminding yourself there’s garri at home whenever you’re tempted to eat out. Do you even need to turn on the air conditioner or stream movies? Maybe you should even trek small before taking a bus to work.

The regret phase

Now you’re wondering whether you really needed to spend ₦150k on flowers. What happened to “less is more” and buying a small bouquet instead? Or even plastic flowers and sticking on a cliché note about gifting plastic flowers because your “love will never die”?

The acceptance phase

Well, it has happened, and since you can’t turn back the hands of time, you might as well deal with the consequences of your actions.

But there’s actually something you can do at this phase. You can start saving little by little with a FairMoney high-yield savings plan so next year doesn’t catch you off guard, and you can even use the returns on your savings to guide in case of emergency expenses.

The encouragement phase

You try to encourage yourself that you did it for love so you don’t feel bad about your financial situation.

That’s great, but allow us to encourage you to create a separate Valentine’s Day budget so affliction doesn’t arise again. FairMoney offers different savings options that allow you to automate savings for whatever goals you set. Whether it’s for Valentine’s Day or rent, you can now be more intentional with planning and creating an emergency fund. The best part, you get up to 30% annual interest on your savings.

The “trying to bounce back” phase

Now you’re praying for a miracle credit alert just so you can make it through the month without asking for urgent ₦2k.

All this could’ve been avoided if you’d planned your finances with FairMoney. It’s not too late, though.
Download the FairMoney app on the Google Play Store or the App Store and start saving with one of their high-yield savings plans so next Valentine’s doesn’t catch you off guard. Remember, love is sweet, but financial peace of mind is sweeter.

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Africa’s leading neo bank, FairMoney, is raising the bar for savings in Nigeria, offering up to 30% interest per annum (P.A.) The Neobank’s high-yield savings options cater to both new and existing users, making it an attractive choice for anyone looking to secure their finances, save towards big purchases, or simply earn more from their money. Whether it’s buying a new car, paying rent, or preparing for emergencies, FairMoney ensures that savers get maximum returns.

Henry Obieka, MD FairMoney MFB, Nigeria explains the thinking behind the product offerings:

We’ve created savings options that aren’t just about putting your money aside, they’re about making your money work harder for you, so you don’t have to worry as much about inflation or rising costs. The current economic situation has shown that now’s the time to take advantage of these high interest rates and set yourself up for financial security. Our goal isn’t just to offer higher returns; we want Nigerians to feel confident about their financial future, knowing that they’re making the right decisions for themselves, their families, and their goals.”

Tracy Iwu, Brand Manager at FairMoney, highlights how effortless the process is:

“Saving shouldn’t feel like a chore. We’ve made it simple, no hidden rules, no stress, just solid returns on your money.”

With three core savings plans, FairMoney ensures there’s something for everyone. Each is designed to cater to different financial needs. FairSave is a flexible savings plan with daily interest payouts. Users can deposit and withdraw anytime without penalties, making it perfect for people who want liquidity while still earning good returns. The interest rate is 17% per annum, allowing savers to earn while maintaining easy access to their funds.

If you have a specific goal in mind, FairTarget provides structured savings for rent, school fees, vacations, or major purchases. Users can set a goal and save manually or automatically, earning up to 20% per annum.

FairLock is the highest-yield option, offering up to 28% per annum for existing users and 30% for new users. It requires users to lock their funds for a set period, making it ideal for long-term planners. The interest rates vary depending on the tenure, starting from 18% for a 7-day lock period and increasing to 28% for a two-year commitment. New users can access an exclusive rate of 30% rate on select tenures, making it one of the most competitive savings plans available.

To put it into perspective, locking N5,000,000 in FairLock for a year at 26% per annum earns N1,300,000 in interest. A two-year lock at 28% effortlessly increases earnings to N2,800,000. For new users who qualify for the 30% rate, the potential returns are even higher, making FairMoney a top choice for wealth growth in Nigeria.

Saving with FairMoney is easy and takes just minutes. Customers can simply download the FairMoney app, fund their accounts, and select a savings plan. Whether opting for the flexibility of FairSave, the goal-oriented approach of FairTarget, or the high-yield potential of FairLock, users can start earning immediately.

FairMoney started in 2017 as a lending platform and became a CBN-licensed microfinance bank in 2021. Since launching its savings products, the bank has managed over N35 billion in savings deposits and paid out more than N3 billion in interest to users. As a licensed MFB, FairMoney ensures responsible fund management and operates under CBN regulations. Deposits are insured by the NDIC up to the applicable limits, providing users with added security.

Interestingly, FairMoney savings offers up to 30% upfront interest payouts flexible, and the possibility of upfront payouts on select plans. Compared to many platforms offering rates between 15-20%, FairMoney provides competitive returns, subject to terms and conditions.

As Nigerians continue to look for ways to navigate economic uncertainty, FairMoney provides a trusted and rewarding solution. Whether saving for a new car, rent, business, or long-term financial security, FairMoney helps people grow their wealth while keeping their money safe.

Start saving today and earn up to 30% interest because your money should work as hard as you do.

About FairMoney

FairMoney, a leading Nigerian Neobank, launched in 2017 with a mission to build Africa’s money story and bring financial inclusion to underbanked people in emerging markets, empowering them with innovative, tech-driven financial solutions. FairMoney’s neo-banking solutions include current accounts, savings, lending, deposits, peer-to-peer payments, bill payments, POS payment acceptance, and business solutions amongst many other disruptive services. With over 17 million app downloads, FairMoney is considered one of the fastest-growing companies in Africa and the leading Neobank on the continent. FairMoney is backed by the most prominent fintech investors like DST, TLcom Capital, newfund, Flourish Ventures, SpeedInvest, and Tiger Global.

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FairMoney is transforming access to quick and easy loans, whether you need funds for a big expense or a quick top-up on an existing loan. Designed with convenience in mind, FairMoney ensures that its process is straightforward and accessible to all.

Applying for a loan with FairMoney is simple—just a smartphone and a way to repay are all you need. There are no hidden terms or complicated steps, making it easy for anyone, even first-time app users, to apply. FairMoney is committed to making loans accessible to people regardless of their financial background.

FairMoney’s interest rates are designed to be fair and tailored to each user’s credit profile. Those with a strong credit history enjoy lower rates, reflecting a lower level of risk. Conversely, a history of repayment issues may lead to higher rates to manage potential risk.

FairMoney’s loans also come with the ease of not needing collateral, like a car or a house, to get approved. This allows you to access funds without any added security requirements, while FairMoney’s fully automated system provides fairness and consistency, eliminating middlemen and ensuring equal treatment.

Transparency is at the core of FairMoney’s mission. The app and website offer user-friendly tools, including a loan calculator, so you can preview repayment amounts before applying. Inside the app, all loan details are readily available, including what to expect if a payment is missed.

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FairMoney also recognizes that financial needs are unique, which is why it offers flexible solutions. For current loan holders, the top-up feature provides an option for additional funds without reapplying. The FlexiCredit feature gives you a flexible, pre-approved amount of money ready for any sudden expenses. Unlike regular loans that require a new application each time, FlexiCredit is always available to be taken when needed.

If you accidentally take out a loan, you can return it within three days without penalties—simply reach out to FairMoney, and they’ll handle the rest.

For any questions or support, FairMoney’s 24/7 customer service team is available by phone: 07000362362 / 02018885577, email: help@fairmoney.io, or WhatsApp: +2348101084635.

To stay updated, follow FairMoney on Instagram, Facebook, Twitter, and LinkedIn. Dedicated to fairness and transparency, FairMoney ensures that every customer can access trustworthy financial support. Whether you’re new or returning, expect a smooth, straightforward loan process that empowers you to achieve your financial goals with confidence.
In a bustling city where expenses seem to rise daily, Sarah found herself grappling with her
finances. Like many, she recognized the importance of saving money but felt disheartened by
the meager interest rates offered by traditional banks. The constant struggle to keep up with
living costs left her wondering if her savings would ever truly grow.

One evening, while scrolling through social media, Sarah stumbled upon FairMoney, a financial
service that promised to revolutionize the way she saved. Intrigued by the potential for higher
returns, she decided to explore their offerings.

FairLock: A Secure Path to Growth

First, she learned about FairLock, a fixed-deposit savings option that caught her attention. With
an enticing interest rate of up to 28% per annum—and an exclusive 30% for first-time
users—FairLock seemed like a golden opportunity.

After a quick sign-up process, Sarah funded her FairLock account with a portion of her savings.
The significant upfront interest payments she got exited her.This was the stability she had been
looking for.

FairTarget: Flexible Goals, Rewarding Returns

But Sarah wasn’t one to shy away from flexibility. She also discovered FairTarget, which offered
a competitive 20% interest rate per annum. This option resonated with her aspirations of saving
for a vacation and a new laptop. With FairTarget, she could set specific financial goals while still
having access to her funds if life threw her a curveball.

Feeling inspired, she opened a FairTarget account alongside her FairLock. With each deposit,
Sarah felt a renewed sense of control over her finances. She was no longer just saving; she
was strategizing.

FairSave: Daily Rewards for Short-Term Needs

As Sarah delved deeper into FairMoney’s offerings, she found FairSave—an option perfect for
her short-term savings needs. The recent increase in interest rates from 15% to 17% per
annum, combined with the benefit of daily interest accrual, made it an attractive choice for
someone who wanted quick access to her funds without the penalties of early withdrawal. This
option was like a safety net for her more immediate financial goals.

Excited by the idea of earning daily interest while keeping her savings accessible, she decided
to allocate a small portion of her budget to FairSave. With each passing day, she watched her
balance grow, and it fueled her motivation to save even more.

Getting started with FairMoney was a breeze. The seamless process of funding her accounts
through her FairMoney app or external bank transfers meant she could quickly take advantage
of the high-interest rates. With every click, Sarah felt empowered, transforming her savings
journey from a daunting task into an exciting adventure.

As months passed, Sarah saw tangible growth in her savings. FairLock offered her the peace of
mind she craved, FairTarget fueled her dreams, and FairSave provided the flexibility she
needed for life’s unexpected moments. With FairMoney by her side, she was no longer just
saving money; she was maximizing it, setting herself up for a future filled with opportunities.

In a world where financial health often feels elusive, Sarah had discovered a way to take charge
of her savings—and she couldn’t be more grateful. With FairMoney’s innovative products, she
had turned her financial goals into achievable milestones, one interest rate at a time.
In the ever-changing world of finance, having a reliable financial partner is critical to achieving financial security and peace of mind. FairMoney, a leading digital financial service provider in Nigeria, is committed to being the ultimate financial guy you can count on. Here are five times when you need a financial friend, and why FairMoney is the perfect solution:
1. When You Need Emergency Funds: Unexpected financial emergencies can happen to anyone, anytime. FairMoney offers quick access to loans without collateral, making it the perfect financial friend to turn to in times of urgent financial needs.
1. When You Need to Navigate Economic Hardship: Economic hardship can be tough to navigate, especially when it comes to finances. FairMoney offers flexible repayment terms and interest rates that are relatively low compared to other banks. This makes it easier to manage your finances during tough times.
1. When You Need to Start a Business: Starting a business requires capital, and not everyone has the financial means to start one. FairMoney offers loans that are tailored to your business needs, allowing you to kick-start your entrepreneurial journey. If you’re already a business owner, you know how important it is to have inventory to sell. But sometimes, you may not have the cash to restock your store. FairMoney offers loans for business owners, so you can get the capital you need to keep your business running smoothly.
1. When You Need to Pay Medical Bills: Medical expenses can be overwhelming, and not everyone has insurance to cover these costs. FairMoney can help you cover these expenses with its hassle-free loan application process.
1. When You Need to Pay School Fees: Education is essential, but not everyone can afford to pay for it upfront. As parents or students, we know how stressful it can be when school fees are due. FairMoney offers loans of up to 3 million naira without unnecessary paperwork, making it easy for you to get the money you need to pay for tuition and other school-related expenses.
FairMoney is the ultimate financial friend that you can count on in times of need. With its flexible repayment terms, and hassle-free loan application process, FairMoney has established itself as a reliable provider of digital financial services in Nigeria. Whether you need emergency funds, help navigating economic hardship, or assistance paying for medical bills, rent or school fees, FairMoney is here to help. So, next time you need a financial friend, think of FairMoney – the guy you can count on.

For more information, visit www.fairmoney.io
These days, every day is a “rainy day”, so saving money for the rainy days is no longer an advice, it is a must. But here is the good part, some good guys have put in the work to help us not only save money easily, but also make money everyday on the money saved, cool right? This is why we are introducing to you ‘FairSave’. Now hear us out;

FairSave is the newest savings product from FairMoney MFB aimed at helping you save and make money while you do other things you love. Here are 5 benefits you enjoy when you make savings a lifestyle with FairMoney’s FairSave:

1. First of all, you get up to 10% interest on whatever you save on the app.

This means that if you put one million in your savings wallet you can get 10% interest on that money for just saving it in that wallet, ok maybe not 1 million, but you get the point.

2. Easy withdrawal

You can withdraw your money (Principal and Interest) anytime you want. Nobody is locking your money for days or months. Your money is readily available and can be accessed anytime you need it.

3. No penalties on withdrawal

It is your money, so why should anyone charge you any dime for withdrawing because you need it. If you decide to remove your money anytime, you will not be charged a dime.

4. Daily interest alert

You receive an interest alert everyday!. This will ginger your spirit and you can be motivated to add more money to your savings because you know that your money is growing like grass. Another interesting part now is that you can withdraw your interest whenever you want.

5. Access to other FairMoney products.

In case you don’t know, the FairSave wallet is one of the products inside the FairMoney app. When you decide to use FairSave you automatically become a FairMoney Fam and this means that you can access the FairMoney FairBanking products.

What are you still waiting for?

Download the FairMoney app on playstore right away so you can join the FairSave geng to start enjoying all these benefits.

The realisation phase

The rationing phase

The regret phase

The acceptance phase

The encouragement phase

The “trying to bounce back” phase

About FairMoney

FairLock: A Secure Path to Growth

FairTarget: Flexible Goals, Rewarding Returns

FairSave: Daily Rewards for Short-Term Needs

1. First of all, you get up to 10% interest on whatever you save on the app.

2. Easy withdrawal

3. No penalties on withdrawal

4. Daily interest alert

5. Access to other FairMoney products.