1.OPAY BINARY : OpayBinary is an online community made of up of expert binary investors, to further clarify, it’s is a platform that pays you for investing with them and then they, in turn, return a 2.2% interest on a daily basis, and what more? You need not be bothered about the results of the trade per 24hrs because either way you still get your promised profit.
Doubts about online businesses are understandable at this point in time given their reputation in Nigeria but it’s safe to say that they are still good ones out there and OpayBinary is up there with the best.
How it works
To become a part of the OpayBinary the movement you’ll need an Opay account as that is their means of receiving payments and also paying their members, and a minimum of ₦10,000 and a maximum amount of ₦100,000, which makes it’s accessible to a very large extent. After opening your OpayBinary account which isn’t so hard if you can handle a mobile phone with internet access(winks) you proceed to their website https://opaybinary.com to create an account with them and funding it usually within two days of the creation as inactive accounts are closed up for quality assurance reasons. OpayBinary expert traders then take your funds to the binary market and at the end of a 24hr day you get a 2.2% increment on your capital so that means more investment more profit, you also get to withdraw from your account anytime and that reduces the risk of mishaps. 2.PIGGYVEST : Piggyvest is a savings and investment platform launched in 2016 and is primarily a savings app. Formerly known as Piggy Bank, they rebranded to become PiggyVest in 2019 and also began to offer investment opportunities to users besides savings.
It is a platform that wants to give everybody the power to manage and grow their finances better.PiggyVest has a variety of products for investments and savings. The savings part has five features. They include: Piggybank, Safelock, Targets, Flex Naira, and Flex Dollar.
This is the core online savings aspect of PiggyVest. Here, you can save any amount of money at any point in time from your bank account. There is also an Autosave feature that automatically withdraws from your account daily, weekly, or monthly (according to each user’s preference). An interest of 10% is paid per annum on this feature.
This allows you to set money aside for a fixed period. You are denied access to these funds until maturity. If you decide to Safelock a particular amount of money, the funds are locked until the time you choose. This feature of PiggyVest is particularly useful if you need to save money for future purposes. (For instance, school fees or a car). The cool thing about Safelock is that the interest rate of 6%-15% per annum will be paid upfront.
Just as the name implies, Targets helps you save towards particular goals like house rent, school fees, etc. It also encourages group savings where each member has a payment frequency daily, and each group has how much they expect to have at the date of maturity. This feature is beneficial as it helps people with similar interests save towards a common goal. The interest rate is 10% per annum.
4. Flex Naira
Flex Naira is a flexible savings wallet where interests earned on all other PiggyVest features are deposited. As a user, you can fund your Piggybank, Target, Safelock, Flex Dollar, or Investify using funds in your Flex. The rule here is that you can only withdraw once every ten hours, with a maximum of four withdrawals. Once you exceed this maximum, all accrued interest on Flex savings will be lost. The interest rate on this feature is 10% per annum.
5. Flex Dollar
Flex Dollar allows you to save, invest, as well as transfer your funds in dollars. The market behaviors determine the interest rates here. 3.CHAKA : Chaka is an online investment platform for Nigerians. That allows them to trade and invest in US, Nigerian, and Chinese stocks online. Chaka calls itself the investment passport for Nigerians.
You can start trading local and foreign stocks with Chaka from as lows as $10 or N1000. Some of the foreign stocks of companies you can trade on Chaka include Apple, Google, Netflix, Tesla and Alibaba. The platform is affordable as users can invest with both Naira and Dollar with as little as $50 (about ₦18,075). With Chaka’s fractional investing, users can invest in any asset irrespective of the unit price and also experience frictionless and painless withdrawals. 4.COWRYWISE : Cowrywise is a financial technology company founded in July 2017. It aims to ease the process of savings and investments. This is done through its automated savings platform and various investment platforms such as money market funds and mutual funds.
They have also partnered with investment companies in Nigeria to make the process of investment easier for their customers. Some of the firms they are in partnership with include Meristem and Afrinvest. Cowrywise allows you to start your savings and investments with as little as N100 on the periodic plans. The app also has four different features that you can choose based on your financial goals. Here are the features below:
Regular Savings: This allows you to save for a minimum of three months. An interest rate of 10%-15% per annum is what you’ll receive if you choose this option.
Life Goals: This allows you to save towards a goal. For example, your goal could be to be able to afford your tuition. It could also be towards planning for a vacation in a foreign country. No matter what you have in mind, the minimum length for life goals is one year.
Halal Savings: This is a saving feature free from interest rates for Muslims who do not want interest
Savings Circle: This encourages people to have group targets and save towards them together
As regards the safety and security of savers funds, the assets are held by Meristem Trustees, which is registered under the Securities and Exchange Commission (SEC) on the saver’s behalf. 5.BAMBOO: Bamboo is a digital investment platform that has officially launched its investment app. Bamboo was built to give Nigerians real-time access to buy, hold, or sell stocks listed on the U.S. stock market right from their mobile phones or computers. With as little as $20, anyone with a BVN can register, fund their accounts via multiple Naira or Dollar channels and in just a few taps start buying and selling shares or diversify their holdings by buying into a bundle of stocks - Exchange Traded Funds (ETFs). Users also learn from the rich educational content which the app offers its investors to help even a newbie get started on their investment journey in no-time.
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