Trusted banking infrastructure now offering strong personal flexible plus fixed savings
All plans 3
PlanTypeRate p.a.LockMinEarly exit
Target savingsFEATURED
locked
11.5%nominal, grossrate may vary if paid upfront
30–365 days
₦3,000
one partial withdrawal up to 50% of balance allowed before target date (interest forfeited on the withdrawn sum only); a full break forfeits ALL accrued interest (principal returned)
Flexible Savings
flexible
9.5%nominal, gross
None
₦1,000
o breakage fee, BUT more than 4 withdrawals in a month forfeits that month's accrued interest
Fixed Saving
fixed
17.5%nominal, grossrate may vary if paid upfront
30–365 days
₦1,000
breaking forfeits ALL accrued interest; principal returned; no partial break (must move all funds)
Each tracked plan is tested with its own real-money deposit and ranks separately on the board. Untracked plans show the app's own advertised rate.
Best for
Users who want a reliable, CBN-licensed everyday bank with solid flexible and fixed savings rates and NDIC-insured, bank-grade safety.
Not great for
Users wanting fund-based investing (mutual funds, stocks, dollar funds) — Moniepoint is savings/deposit-focused, not an investment platform.
Pros
- +Very reliable infrastructure; CBN-licensed and NDIC-insured (bank-grade trust)
- +Strong flexible rate (9.5%) and up to 17.5% on fixed deposits, from just ₦1,000
- +Halal no-interest option plus automatic Save-As-You-Transact
Cons
- –Deposit-only — no investment/fund products for growth seekers
- –Personal savings is newer than its business-banking core (shorter savings track record)
- –Flexible Savings forfeits interest after 4 withdrawals in a month (caveat behind "withdraw anytime")
Our honest take
Underrated for personal savings. A strong flexible rate and up to 17.5% fixed, wrapped in CBN-licensed, NDIC-insured bank-grade trust. Best as a savings home, not an investing one.