One essential way to build wealth and attain financial freedom is through saving and earning income from your savings. Effective and continuous savings allows you to pool together enough money to complete significant projects like purchasing a car, acquiring landed properties or visiting your dream location for a vacation. The greatest benefit of having a good amount saved up somewhere safe is the peace you have during financial emergencies.
How well do you save though?
I agree that putting aside a percentage of your income as savings isn’t the easiest of things to do. There are countless numbers of things demanding for every naira that comes into your hand that sometimes you lose focus and even withdraw from your “savings” to fulfil some cravings.
I have good news for you!
Ever heard of AFIDE?
AFIDE stands for Agricultural Financial Inclusion for Daily Earners. A smart and rewarding way for you to save your money and watch it work for you irrespective of how much you earn. That’s just a teaser by the way, let me take you through twelve reasons why you should save with AFIDE.
Generate Interest as You Save
The moment you begin your savings journey with AFIDE, you begin to earn interest on every money you save immediately. Your interest accumulates like drops of water over time towards giving you that mighty ocean you have in mind.
For transparency and ease of tracking, your dashboard will reflect the interest that’s added to your savings over time.
AFIDE gives a higher interest rate than any other saving platform.
AFIDE offers you a higher interest rate to encourage you to save more and attain financial freedom at a good pace. There are diverse interest rates according to the duration you choose to save for.
Monthly savings attract an interest rate of 1.6% while saving for 3, 6, or 12 months attracts interest rates of 5%, 11%, and 25% respectively.
An example is if you save N450, 000.00 for 12 months, you will get N112, 500.00 (25%) as interest at the end of the duration.
You can withdraw your interest and leave your initial savings to accrue another interest.
You can accumulate up to the initial amount you saved on AFIDE over time. That is because AFIDE allows you to withdraw your interest (after the set time for your saving plan has elapsed) while still keeping your savings on the platform to yield another profit. The flexibility helps you to keep your main savings while you enjoy the interests that come from it.
There are no saving limits on AFIDE.
AFIDE makes savings flexible and easy for you. You can top-up your savings wallet anytime any day as convenient for you. Making it easy for you to save even when you earn from gigs and your side hustles.
You can get loans on AFIDE.
Interest is not the only perk of saving with AFIDE. You can get loans too! The loan limit is 200% of your contribution for three months and above. Other terms and conditions apply and you can reach out to us when you need a loan.
You can win grants on AFIDE.
Good news for corps members and young entrepreneurs. When you save a minimum of N100, 000.00 with AFIDE, you qualify to get a grant that can help you start a business or scale up an existing one.
Flexibility with when to save
With the AFIDE routine saving plan, you decide when to save. That could be daily, weekly, monthly, quarterly, or yearly. Not everyone can save every day, AFIDE understands this and accommodates you irrespective of your earning cycle.
AFIDE has a saving plan for religious earners
The Halal saving plan on AFIDE is for Muslims and other individuals that want to save without earning interest. You can save as much as you want and withdraw freely without any surcharge under this plan.
You can lock your money away for as long as you prefer on AFIDE
Locking your savings for a period of time is a way to discipline yourself and achieve your financial goals and targets easier. Also, AFIDE gives you a 29% interest when you lock your savings for a period of one year.
Saving with AFIDE gets you a free insurance plan
Not only do you get great interest rates when you save with AFIDE, you also get a free insurance plan. The insurance comes in two packages: life and accident insurance plans.
AFIDE uses surcharge to help you stay disciplined
The bane of saving is the temptation to withdraw from it. You cannot meet your financial goals and targets if you aren’t disciplined and you keep withdrawing money from savings. A way AFIDE has devised to help you stay disciplined and prevent you from frequent withdrawals is by adding a surcharge of 5%.
Note that the Halal Savings Plan comes with no withdrawal fee, and you can withdraw whenever you want to.
AFIDE helps you contribute to food security in Nigeria
As part of the 2030 United Nations Sustainable Development Goals, AFIDE aims to eradicate poverty and hunger in Nigeria.
We’ll achieve this with you by our side through funding large scale agricultural projects with your savings while you also enjoy the profit of these agricultural projects through the interest rates you get on your savings excluding the Halal Savings Plan which doesn’t attract any interest.
Final Thoughts
With AFIDE, your financial possibilities are endless. The flexibility to save, the good interest rate and the measures put in place to ensure you’re disciplined with your savings help you reach your financial goals and targets over stipulated period of time.
You also get to contribute to the growth of Nigeria’s economy and local food production as your savings will be used to fund large scale agricultural projects.
Simply put, AFIDE is the key to financial and food security for you and other Nigerians.
Join the AFIDE train now.
