Admin | October 26, 2024
3 minutes read
How Nigerians Abroad Can Save in Naira and Earn High Interest
If you're a Nigerian living abroad, you're no stranger to the financial commitments of home. Whether it's supporting family (the dreaded black tax), saving for that dream home, or managing a business back home, there’s always a need to keep some money in Naira. But here’s the thing — constantly converting your foreign currency to Naira and vice versa means you're losing out in exchange rates. What if there was a smarter way to save in Naira, grow your funds, and skip the currency conversion game?
Why InvestPro by Bankly MFB is Perfect for You
Earn High Interest Rates with InvestPro, a savings product by Bankly Microfinance Bank where you can earn a staggering 35% per annum on your first deposit and 20% per annum on subsequent deposits. Compare that to the returns you get from foreign savings accounts, and you'll see why this is a game-changer. This is especially great for those running businesses in Nigeria or those with projects back home — you can keep your profits or savings in Naira and watch them grow rather than losing money converting it.
Save for Projects Back Home
Many Nigerians abroad have long-term goals back home. Whether it's building that house you've always dreamed of, setting up a small business, or even just preparing for retirement, having a solid savings plan in Naira makes perfect sense. InvestPro not only helps you save but also makes sure your money works harder for you with high returns. Imagine having enough savings to finally kickstart that project, all while knowing your money has been growing in a safe, regulated environment.
Avoid Exchange Rate Losses
We all know how volatile the exchange rate between the Naira and foreign currencies can be. One minute, it’s in your favor; the next, it’s not. By keeping your money in Naira through InvestPro, you avoid the losses associated with constant remittance and exchange rate fluctuations. It’s a way to keep your savings stable and growing, even when things seem unpredictable.
Regulated and Insured
Let’s talk security. Bankly Microfinance Bank is regulated by the Central Bank of Nigeria (CBN), meaning your funds are safe and protected. Plus, your deposits are insured by the Nigeria Deposit Insurance Commission (NDIC), so you can save with peace of mind knowing your money is in good hands.
How to Get Started
Getting started is simple. All you have to do is visit investpro.bankly.ng or download the Bankly app. Once you’re set up, you can start saving in Naira and earning high interest right away!
In summary, if you’re a Nigerian in the diaspora looking for a way to manage your funds better, InvestPro is your best bet. Whether it’s for family commitments, a project back home, or just maximizing your savings, Bankly Microfinance Bank has got you covered.