₦airaland Forum

Damian911:
I just withdrew all of my life savings into my Fair Money account's Fair lock simply because it had a better interest rate than Opay and Palm Pay.

I hope I don't regret it

Khyrvxjzy:
scammers looking at you and smiling

Damian911:
Your statement is creepy
Care to explain more?

Khyrvxjzy:
put your money in commercial bank

it not save in fair money

ucheheart:
Bro it is safer than safe, no fear. Fairmoney will use your money to give other ppl loan, the interest coming from the loan is shared to you as an investor.

Damian911:
Why are you trying to scare me it's not good
They're NDIC insured and licensed by the CBN!

victory36:
since you Know this, why are you then crying worried?

Damian911:
I just withdrew all of my life savings into my Fair Money account's Fair lock simply because it had a better interest rate than Opay and Palm Pay.

I hope I don't regret it

advanceDNA:
How much is the interest.... ??

Damian911:
For 180 days the interest rate is 21%

advanceDNA:
21% flat after 180days
or 21% per annum

Damian911:
.....

advanceDNA:
I see why u are scared.....I'm surprised

The interests look too good to be true...

Even Commercial banks currently do 7.5%…

Damian911:
You hit it right
Even though they're NDIC insured and licensed by the CBN do you think I should be worried

Damian911:
I just withdrew all of my life savings into my Fair Money account's Fair lock simply because it had a better interest rate than Opay and Palm Pay.

I hope I don't regret it

Sapasenator:
Your topic should be

"Did I take the right decision"

Kindly change it it.

ufotty2001:
have sent u a DM.. I want to do too

advanceDNA:
I would be worried if I were in your shoes because no bank does this high interest rate....their per week is even 16% per annum....that's freaking high

May be there's a hidden deduction apart of withholding tax ..??
Let's hope u are safe...but 180days is too long to be in hypertensive state

Damian911:
Decision already taken before the post Mr Grammarian

Damian911:
No hidden charges aside the withholding tax and they pay interest upfront
The count down has already begun 😔

advanceDNA:
Upfront??
Interesting

Sapasenator:
Change the post to reflect the true grammar.

Damian911:
Yes they do and I was amazed but the money is in withdrawable till maturity date while you can have the interest immediately it's locked
Check the image again you'll see where interest upfront is

advanceDNA:
If I were u ..I would have just done weekly locking and roll over at the end of each week..

This 180days...I go nearly die oooo