How does saving on Cowryrise work?

Cowryrise, like Piggyvest wallet, is a good personal financial platform for savings. It has an automatic saving mechanism that reduces you the stress of going to to the bank and it’s paperwork. Your saving or investment plan generate interest over the period of time you specify.

Cowryrise is simple to use and rewards your efforts. Here are benefits you stand to get.

1. Automatic saving
2. Better interest than your bank would give
3. Minimum of N100 to start
4. Withdrawal is completely free on your stipulated date of withdrawal.

Features of Cowryrise

1. Savings: Savings can be done automatically or manually on a daily, weekly or monthly basis. Cowryrise has certain saving feature. a) Life goals. This allows you save towards a long term project, like education, business, emergency . b) Saving goal. This allows you save towards a short term purpose, like getting a new phone, laptop, clothes. c) Mutual funds. With Cowrywise, you can invest in Nigeria’s money market via Mutual funds. The platforms list funds like Afrivest Plutus Fund, United Capital Money Market Fund, Meristem Money Market Fund and more on its list of funds. Cowryrise also support Dollar savings. Stash gives you a unique account number and allows you to do a number of things — direct transfers to investment plans from your bank, make transfers to other Cowrywise users, make bank transfers for as low as NGN25. Basically, it’s like your bank account, but for Cowrywise.
2. Interest rate: Cowryrise gives you about 10-15% interest.
3. Withdrawal: The platform allows you save for 3 months and withdraw for free.