[{"_1":2,"_135":-5,"_136":-5},"loaderData",{"_3":4},"routes/topics.$topicSlug.$articleSlug",{"_5":6,"_13":14,"_25":26},"topic",{"_7":8,"_9":10,"_11":12},"id",198,"name","Savings","slug","savings-198","article",{"_7":15,"_16":17,"_11":18,"_19":20,"_21":22,"_23":24},351,"title","How to Manage Locked Savings","how-to-manage-locked-savings-351","content","

Top-Up: Open plan → Tap Top-Up → Enter amount → PIN → Confirm
Manage/Update: Open plan → Tap Manage → Edit Plan Name or End Date → Save changes
Break Plan: App → Locked Savings → Select plan → Break Savings → Confirm forfeit interest → Submit request

Funds: Credited to the account within 48 hours

","createdOn","2026-02-09T11:52:22.000+00:00","status","ACTIVE","articles",[27,33,39,45,51,57,63,69,75,81,87,93,99,14,105,111,117,123,129],{"_7":28,"_16":29,"_11":30,"_19":31,"_21":32,"_23":24},364,"Closing your SAYT Plan","closing-your-sayt-plan-364","

Open your active SAYT plan.
Tap Close Plan.
Select a reason for closure from the provided options (e.g., goal achieved, change in financial plans).
Choose the cash-out account where the remaining saved funds will be transferred.
Enter your transaction PIN to confirm the closure.
Your plan will be closed, and the remaining funds will be transferred to your selected account.

","2026-02-09T12:49:08.000+00:00",{"_7":34,"_16":35,"_11":36,"_19":37,"_21":38,"_23":24},363,"Withdrawing Funds from SAYT","withdrawing-funds-from-sayt-363","

Tap Withdraw on your active SAYT plan.
Enter the amount you want to withdraw.
Select the destination account where the funds will be credited.
Review the withdrawal details carefully.
Enter your transaction PIN to confirm the withdrawal.
The funds will be credited to your account, and your plan balance will automatically update.

","2026-02-09T12:48:32.000+00:00",{"_7":40,"_16":41,"_11":42,"_19":43,"_21":44,"_23":24},362,"Managing your SAYT Plan","managing-your-sayt-plan-362","

1. Open your active SAYT plan.

2. View recent savings activity:

The app displays the last 8 transactions that contributed to your savings.
To see your full transaction history, tap “See All.”

3. Update your transaction types or savings mode:

You can add or remove transaction types that trigger savings.
Adjust fixed amounts or percentages if needed.

4. Pause or Reactivate your plan temporarily:

Select Pause and choose a duration between 1 to 30 days.
When ready, reactivate the plan to resume automatic savings.

5. Configure Auto-Withdraw:

Choose how often saved funds are transferred to your account: daily, weekly, monthly, etc.
Select the destination account for the funds.
Save changes to apply the configuration.

","2026-02-09T12:47:57.000+00:00",{"_7":46,"_16":47,"_11":48,"_19":49,"_21":50,"_23":24},361,"How to Create a SAYT Plan","how-to-create-a-sayt-plan-361","

1. Open the Moniepoint App on your mobile device.

2. Navigate to Savings → Add New → SAYT.

3. Configure the savings amount or percentage:

Fixed amount: Enter a specific value to save per transaction.
Percentage: Enter a percentage of each selected transaction to save.

4. Select the transaction types that will trigger the savings. For example:

Bank transfers
Airtime purchases
Bill payments

5. Review and accept the terms and conditions carefully.

6. Confirm to create your SAYT plan. The plan is now active, and savings will automatically start based on selected transactions.

","2026-02-09T12:45:52.000+00:00",{"_7":52,"_16":53,"_11":54,"_19":55,"_21":56,"_23":24},360,"What is Save As You Transact (SAYT)?","what-is-save-as-you-transact-sayt-360","

Save As You Transact (SAYT) is an automated savings product designed to help users save effortlessly by linking contributions to transactions they already make. This means that every time a specific type of transaction is performed, a pre-set amount or percentage of that transaction is automatically saved.

Key Details:

v1: Designed for Business Owners only. Every transaction triggers a fixed amount to be saved automatically.
v2: Available for both Business and Personal Customers. Users can save a fixed amount or a percentage of selected transaction types, such as transfers, airtime purchases, bill payments, etc.

Key Features

Automated Savings: Each selected transaction type automatically triggers a savings deduction.
Flexible Payout Schedules: Users can receive saved funds according to their preference — daily, weekly, monthly, quarterly, biannually, or yearly.
Pause & Resume Plans: Plans can be paused for 1 to 30 days if needed and reactivated without losing saved amounts.
Manual Withdrawals: Users can withdraw funds before the scheduled payout.

","2026-02-09T12:41:52.000+00:00",{"_7":58,"_16":59,"_11":60,"_19":61,"_21":62,"_23":24},359,"Managing Target Savings Plan","managing-target-savings-plan-359","

Edit Target: Increase target amount, extend date, or adjust contribution frequency (reductions not allowed).
Change Goal Nickname: Update for clarity.
Halal Compliance: Opt out of earning interest if desired.

","2026-02-09T12:00:25.000+00:00",{"_7":64,"_16":65,"_11":66,"_19":67,"_21":68,"_23":24},358,"Withdrawing and Breaking Target Savings Plan","withdrawing-and-breaking-target-savings-plan-358","

Partial Withdrawal

Allowed up to 50% of the plan balance before the target date.
Interest is forfeited on the withdrawn sum.

Break Plan

Stop the plan entirely.
Lose all accrued interest.
Principal is returned to your account.

Withdraw Post-Target Date

Principal + interest credited to your account after withholding 10% tax.

","2026-02-09T11:59:49.000+00:00",{"_7":70,"_16":71,"_11":72,"_19":73,"_21":74,"_23":24},357,"Making Target Savings Contributions","making-target-savings-contributions-357","

First Contribution

After plan creation, you can contribute immediately or schedule the first contribution later.

Top-Up Contributions

Open the Target Savings plan → Tap “Top Up.”
Enter the top-up amount and confirm using your transaction PIN.
Top-ups are subject to account limits (Personal: 10M, Business: 100M).

Auto-Save Contributions

Toggle the auto-save option on/off in “Manage Plan” based on your preference.

","2026-02-09T11:59:03.000+00:00",{"_7":76,"_16":77,"_11":78,"_19":79,"_21":80,"_23":24},356,"How to Create a Target Savings Plan","how-to-create-a-target-savings-plan-356","

Step 1: Open the Moniepoint App

Navigate to “Savings.”
Select “Target Savings.”

Step 2: Enter Goal Details

Category: Select the type of goal (personal, business, short-term, etc.).
Target Amount: Enter the total amount you want to save.
Target Date: Set a deadline to achieve your goal.
Contribution Frequency: Choose daily, weekly, or monthly contributions.
Auto-Save Option: Toggle on or off depending on preference.
Contribution Amount: Enter the amount for each contribution cycle.
Goal Nickname: Give your savings plan a recognisable name

Step 3: Review & Confirm

Carefully review the details entered.
Agree to the terms and conditions.
Confirm to create the Target Savings plan.

","2026-02-09T11:58:29.000+00:00",{"_7":82,"_16":83,"_11":84,"_19":85,"_21":86,"_23":24},355,"What is Target Savings?","what-is-target-savings-355","

Target Savings is a goal-oriented savings product for individuals or businesses who want to save towards a specific objective.

Key Details:

Interest Rate: 11.5% per annum
Flexibility: Auto-save, partial withdrawal, or break plan options
Halal-Compliant: Interest opt-out available

FAQs

Duration: 1 month – 12+ months
Multiple Plans: Allowed
Interest Rate: 11.5% p.a., opt-out available
Auto-Save: Available
Partial Withdrawal: Up to 50%, loses interest
Break Plan: All interest forfeited
Target Reached: Withdraw or continue saving

","2026-02-09T11:57:24.000+00:00",{"_7":88,"_16":89,"_11":90,"_19":91,"_21":92,"_23":24},354,"How to Manage Fixed Deposit Savings","how-to-manage-fixed-deposit-savings-354","

Edit Plan Details

Tap “Manage” on your active plan.
You can change the plan name or toggle the auto-rollover option.
Save changes; updates are applied immediately.

Break Plan (Early Withdrawal)

Open the Fixed Deposit plan.
Tap “Break Plan.”
Confirm that early withdrawal will forfeit interest.
Enter your transaction PIN to complete the request.
Principal is returned; interest is forfeited.

","2026-02-09T11:56:18.000+00:00",{"_7":94,"_16":95,"_11":96,"_19":97,"_21":98,"_23":24},353,"How to Create Fixed Deposit Savings","how-to-create-fixed-deposit-savings-353","

Step 1: Open the Moniepoint App

Navigate to the “Savings” menu.
Select “Fixed Savings” from the options.

Step 2: Review Plan Details

Carefully check the interest rate applicable for your selected duration.
Review the minimum deposit amount and any restrictions or conditions.
Ensure you understand that early withdrawal will result in loss of interest.

Step 3: Fill in Plan Information

Plan Name: Give your plan a descriptive name.
Amount: Enter the lump sum you want to deposit.
Duration: Choose the fixed period (1, 3, 6, or 12 months, or longer if allowed).
Debit Account: Select the account from which funds will be deducted.
Auto-Rollover (Optional): Enable if you want the plan to continue automatically after maturity.

Step 4: Review & Confirm

Carefully review all entered information.
Agree to the terms and conditions.
Confirm to activate your Fixed Deposit plan.

","2026-02-09T11:55:34.000+00:00",{"_7":100,"_16":101,"_11":102,"_19":103,"_21":104,"_23":24},352,"What is Fixed Deposit Savings?","what-is-fixed-deposit-savings-352","

Fixed Deposit Savings is a product for disciplined, long-term savers who want to lock a lump sum for a defined duration while earning interest. This product is ideal for those who do not need immediate access to their funds.

Key Details:

Interest Rate: 9.5% – 17.5% per annum (tiered by duration)
Withdrawals: Only allowed via breaking the plan; early withdrawal forfeits accrued interest
Top-Up: Not allowed (one-time deposit)
Halal-Compliant: Option to opt out of interest

FAQs

Minimum Duration: 1, 3, 6, 12 months
Early Withdrawal: Allowed but forfeits interest
Top-Up: Not allowed
Notifications: You will receive a notification at maturity
Halal Compliance: Interest can be opted out of

","2026-02-09T11:53:07.000+00:00",{"_7":106,"_16":107,"_11":108,"_19":109,"_21":110,"_23":24},347,"How to Manage/Update Flexible Savings","how-to-manageupdate-flexible-savings-347","

\tOpen your savings plan and tap “Manage”.

\tYou can update:

Plan Name
Target Date
Target Amount
Contribution Frequency
Contribution Mode (Manual/Automatic)
Interest Option (opt-in/opt-out)
Auto-Rollover Option

\tSave Changes: Updates are applied immediately.

\tCancel Plan: Use the same menu; note that all accrued interest is forfeited upon cancellation.

","2026-02-09T11:44:55.000+00:00",{"_7":112,"_16":113,"_11":114,"_19":115,"_21":116,"_23":24},346,"How To Withdraw from Flexible Savings","how-to-withdraw-from-flexible-savings-346","

Open the active savings plan.
Tap “Withdraw”.
Enter the amount you want to withdraw and select the destination account.
Review the withdrawal details, then enter your transaction PIN to confirm.
The funds are credited to your account, and your savings plan balance is updated automatically.

","2026-02-09T11:42:10.000+00:00",{"_7":118,"_16":119,"_11":120,"_19":121,"_21":122,"_23":24},345,"How to Top-Up Flexible Savings","how-to-topup-flexible-savings-345","

Open the active savings plan.
Tap “Top Up”.
Enter the desired amount to add.
Confirm the details and enter your transaction PIN.
The top-up is processed instantly, and the updated balance is reflected immediately.

","2026-02-09T11:41:41.000+00:00",{"_7":124,"_16":125,"_11":126,"_19":127,"_21":128,"_23":24},344,"How to Create a Flexible Savings Plan","how-to-create-a-flexible-savings-plan-344","

\tOpen the Moniepoint App

Navigate to the “Savings” menu and select “Flexible Savings”.

\tReview Plan Details

Carefully read the interest rate, withdrawal terms, and minimum savings period.
Understand any fees or conditions related to withdrawals or interest forfeiture.

\tFill in Plan Information

Goal Type: Choose whether this is a targeted goal (specific amount/date) or a general savings plan.
Target Name & Date: Provide a descriptive name for your goal and a target date for achieving it.
Target Amount & Contribution Frequency: Input the total savings goal and how often contributions will be made (daily, weekly, or monthly).

\tSet Up Contribution Method

Choose Manual (you initiate savings) or Automatic (scheduled deductions from your account).
Optional: Make an initial deposit to kick-start the plan.
Decide whether to opt in or out of interest (for Halal compliance).
Choose Auto-Rollover if you want the plan to continue after maturity.

\tReview & Confirm

Carefully check all entries.

Agree to the terms and confirm to activate the savings plan.

","2026-02-09T11:37:49.000+00:00",{"_7":130,"_16":131,"_11":132,"_19":133,"_21":134,"_23":24},202,"What are the different savings plans available on the Moniepoint platform","what-are-the-different-savings-plans-available-on-the-moniepoint-platform-202","

On the Moniepoint platform, we offer various savings plans catering to different needs:

Personal Banking App:

Flexible Savings
Locked Savings
Fixed Savings

Business Banking App:

Save as U Transact (S.A.Y.T)
Flexible Savings
Locked Savings
Fixed Savings

These diverse options are designed to accommodate varying financial goals and preferences, ensuring a suitable choice for every user.

Do not hesitate to contact us if you have any further questions or require additional information.

","2025-07-18T09:22:20.000+00:00","actionData","errors"]

Savings

ARTICLES IN THIS SECTION

How to Manage Locked Savings