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Which Online Bank Is Best For Receiving Interest On Savings - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessWhich Online Bank Is Best For Receiving Interest On Savings (12925 Views)

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Re: Which Online Bank Is Best For Receiving Interest On Savings by EmmaLege: 3:33pm On May 08
Fairmoney but its not on the list. Palmpay is also good
Re: Which Online Bank Is Best For Receiving Interest On Savings by villagerspeople: 3:33pm On May 08
Palmpay highest interest is 20%
Opay highest interest is 18%
Re: Which Online Bank Is Best For Receiving Interest On Savings by McLizbae: 3:41pm On May 08
🤣🤣🤣
Pootle:
he put monipoint last every graduate dey beef them like this grin
Re: Which Online Bank Is Best For Receiving Interest On Savings by AndyCole16(m): 3:41pm On May 08
None can be compared to Fairmoney app
Re: Which Online Bank Is Best For Receiving Interest On Savings by Emmanuel602(m): 3:52pm On May 08
Hemanwel:
Why not try Mutual Money Market Funds, I have been using the interest they give to pay my children's school fees
They pay interest monthly?
Re: Which Online Bank Is Best For Receiving Interest On Savings by opera1(m): 4:06pm On May 08
UBA DOING WONDERS, I RECEIVED 82K INTEREST ON SAVINGS LAST MONTH
Re: Which Online Bank Is Best For Receiving Interest On Savings by Sosqui: 4:11pm On May 08
Fairmoney and Renmoney. They pay upto 17% PA daily interest
Ade1177:
Putting money in commercial banks

Always lead to unlimited debit for this and that
5k can turn to 4.200 within a blink

So pls which is better also with a good reputation that pays daily or weekly or monthly interest on savings and can save up millions of naira


1. Opay
2. Kuda
3. Renmoney
4. Piggyvest
5. Palmpay
6. Moniepoint


Etc
If there's any good one not above

Pls recommended
Charges have injure my account balance
Re: Which Online Bank Is Best For Receiving Interest On Savings by BannedUser: 4:25pm On May 08
PlsBanMe:
That one that your money even reduces immediately you send money there.
I don't understand what you mean by "reduce".
The only thing that can reduce your money is the USD exchange rate. 1.5 mil can give you around 50k/month on MiniPay. If you can run multiple wallets and have enough liquidity, you can rake in 1 mil per month on MiniPay.
Re: Which Online Bank Is Best For Receiving Interest On Savings by maasoap(m): 4:29pm On May 08
Ade1177:
Putting money in commercial banks

Always lead to unlimited debit for this and that
5k can turn to 4.200 within a blink
emorodili:
For me Palmpay is the best using cashbox.
Baso7272:
Palmpay is Very Good They give Incentive to there customers
TheAlchemist:
Fairmoney is the best
Fairmoney is the best.
To clear the doubt here, I have about 2m with Palmpay, that shows I know Palmpay to some extent. But since I discovered FairMoney their interests, I rate them 10/10. Although, Palmpay do rewards customers from time to time more than any other fintech app
Re: Which Online Bank Is Best For Receiving Interest On Savings by Bobodee09: 4:32pm On May 08
Hemanwel:
Why not try Mutual Money Market Funds, I have been using the interest they give to pay my children's school fees
Please can you just help with how to do it. Whcih bank or online bank is the best for it.
Re: Which Online Bank Is Best For Receiving Interest On Savings by maasoap(m):
villagerspeople:
Palmpay highest interest is 20%
Opay highest interest is 18%
Opay will only give you 18pc on your first 300k, anything above 300k is 9pc. That's a classic scam which many Nigerians don't pay attention to
Re: Which Online Bank Is Best For Receiving Interest On Savings by maasoap(m): 4:37pm On May 08
opera1:
UBA DOING WONDERS, I RECEIVED 82K INTEREST ON SAVINGS LAST MONTH
Why not trying FairMoney or Palmpay with such savings? But I understand, one has to be risk taker like some of us before abandoning traditional commercial bank for fintec apps
Re: Which Online Bank Is Best For Receiving Interest On Savings by kkonyeji(m): 4:42pm On May 08
Ade1177:
Putting money in commercial banks

Always lead to unlimited debit for this and that
5k can turn to 4.200 within a blink

So pls which is better also with a good reputation that pays daily or weekly or monthly interest on savings and can save up millions of naira


1. Opay
2. Kuda
3. Renmoney
4. Piggyvest
5. Palmpay
6. Moniepoint


Etc
If there's any good one not above

Pls recommended
Charges have injure my account balance
No online savings platform beats Jollof Plus by Baobab MFB.
Interest is as high as 21.6% and payment is upfront.
No charges, No VAT, No WHT....just earnings and more interests.
Re: Which Online Bank Is Best For Receiving Interest On Savings by maasoap(m): 4:45pm On May 08
slev1111n:
Interest rates everywhere are so low that it feels like I won’t be able to save anything at all, even if I put money aside regularly.
20% annually is not really low.
Re: Which Online Bank Is Best For Receiving Interest On Savings by maasoap(m): 4:49pm On May 08
Precious201010:
Palmpay is the best.. Opay is still ok..

Sometimes my GT Bank dey give me minus 600 Naira... And I no even get ATM card.
Opay is not okay at all for interest, people just don't pay attention to how Opay structured their interest rates. If you do, you will realise their scam. Check it below

Re: Which Online Bank Is Best For Receiving Interest On Savings by johnbuck81(m): 5:03pm On May 08
Hemanwel:
Why not try Mutual Money Market Funds, I have been using the interest they give to pay my children's school fees
under which platform are you doing it?
Re: Which Online Bank Is Best For Receiving Interest On Savings by Siramen2001(m): 5:08pm On May 08
PALMPAY IS THE BEST
Ade1177:
Putting money in commercial banks

Always lead to unlimited debit for this and that
5k can turn to 4.200 within a blink

So pls which is better also with a good reputation that pays daily or weekly or monthly interest on savings and can save up millions of naira


1. Opay
2. Kuda
3. Renmoney
4. Piggyvest
5. Palmpay
6. Moniepoint


Etc
If there's any good one not above

Pls recommended
Charges have injure my account balance
Re: Which Online Bank Is Best For Receiving Interest On Savings by Mackie1(m): 5:09pm On May 08
maasoap:
Opay is not okay at all for interest, people just don't pay attention to how Opay structured their interest rates. If you do, you will realise their scam. Check it below
Yeah this isn't good at all
Re: Which Online Bank Is Best For Receiving Interest On Savings by SeriouslySense(m): 5:10pm On May 08
I thought it was fcmb until I tried palm pay.

The mutual fund has skyrocketed this year.

But I am still scared because its like a wallet. So there is a limit to what I can comfortably put.
Re: Which Online Bank Is Best For Receiving Interest On Savings by Alcapa(m): 5:17pm On May 08
1.Access Bank HIDA ACCOUNT
2.PALM PAY SMART EARN
3. Fair money
Re: Which Online Bank Is Best For Receiving Interest On Savings by peacealways: 5:28pm On May 08
How do I apply for fairmonef or I should just download the app
Re: Which Online Bank Is Best For Receiving Interest On Savings by Jummate(m): 5:32pm On May 08
Fiscus105:
Try GTB, but u must not withdraw more than twice a month oo, including recharge card or transfer of money.
I always look forward to the monthly interest from them, like salary. It covers some expenses. I make sure I stick to the rule.
Re: Which Online Bank Is Best For Receiving Interest On Savings by HUMANIIST(m): 5:34pm On May 08
Iweakbro:
Smartcash(Airtel) does 15% per annum
is their interest paid daily or yearly?
Re: Which Online Bank Is Best For Receiving Interest On Savings by oroje1(m): 5:34pm On May 08
Which one be that
Hemanwel:
Why not try Mutual Money Market Funds, I have been using the interest they give to pay my children's school fees
Re: Which Online Bank Is Best For Receiving Interest On Savings by Iweakbro: 5:34pm On May 08
HUMANIIST:
is their interest paid daily or yearly?
daily
Re: Which Online Bank Is Best For Receiving Interest On Savings by VenExchangee: 5:35pm On May 08
BannedUser:
MiniPay by Opera Software
How trusted is it?

I'm afraid to deposit money
Re: Which Online Bank Is Best For Receiving Interest On Savings by bejeria101(m): 5:35pm On May 08
Hemanwel:
Why not try Mutual Money Market Funds, I have been using the interest they give to pay my children's school fees
Wow this makes sense.

I have been looking for something like this.

Use the interest to do running around instead of leaving the money for the banks to keep deducting.
Re: Which Online Bank Is Best For Receiving Interest On Savings by Shollay20(m): 5:59pm On May 08
BannedUser:
MiniPay by Opera Software
are they paying daily interest
Re: Which Online Bank Is Best For Receiving Interest On Savings by phoenix45(m): 6:11pm On May 08
A friend that works with fairmoney also told me about it but i don't live in nigeria so they coulnd't allow me to register an account there.
I don't know if i'm the only one facing that issue. I even sent a message to them and they told me they don't support except if you are in nigeria.

maasoap:
Fairmoney is the best.
To clear the doubt here, I have about 2m with Palmpay, that shows I know Palmpay to some extent. But since I discovered FairMoney their interests, I rate them 10/10. Although, Palmpay do rewards customers from time to time more than any other fintech app
Re: Which Online Bank Is Best For Receiving Interest On Savings by Bekeey: 6:12pm On May 08
opera1:
UBA DOING WONDERS, I RECEIVED 82K INTEREST ON SAVINGS LAST MONTH
On how much savings abeg??
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