Saving without investment is like keeping your money in a local safe box. It generates no interest. You kept N1,000,000 in your safebox ten years ago, today you come back and see the same N1,000,000 with no interest.
However, to keep up with cost and trend, you are advised to invest a part of your total savings. Are you looking for a platform to do so? Owealth is that platform you’ve been looking for.
Owealth, although developed based on Blueridge Microfinance Bank, is an integral part of Opay.
It is a platform that allows you to save and invest your money.
You can set up your Owealth account with a little as N500.
Sign up to Opay on Google Play Store for Android or Apple Store for IOS users
- Log into your Opay account
- Click on OWealth
- Click on “Get Interest Now”
- Input amount to be saved (the OWealth percentage calculator will automatically calculate the daily, weekly, monthly and yearly interest rate instantly)
- Click on “next” and pay your choice amount
- Input your password and your saving is successful.
You will receive your interest every morning, you can withdraw anytime for free.
In OWealth, interest is paid daily. Automatic transfers of funds such as transfers, and funds are safe, and transaction details can be checked.
Once you turn on OWealth autosave, money in your wallet balance will be transferred to your OWealth.
accordingly, any money sent to your Opay wallet will be instantly credited to your OWealth.
OWealth Withdrawal
- Log into your Opay account
- Click on OWealth (you will see an available balance + Daily interest)
- Click on “withdraw”
- Input amount to be withdrawn
- Click on “confirm”, and your Opay wallet will be credited with the debited amount instantly
You can use your OWealth to buy Airtime and data, transfer, pay bills and more directly.
OWealth Interest Calculator
If you save, say #100,000, you are entitled to 15% interest rate per annum which is equivalent to #17.23 daily, #120.77 Weekly, #519.90 Monthly, and #6,750 Yearly after tax is reduced.
Meanwhile, for balance up to #100,000, the interest rate is 15% per annum, and for balances above #100,000 you will get 15% per annum on the first #100,000 and 5% per annum on the remaining balance.
OWealth Features and Benefits
Fixed Savings:
OWealth Fixed savings enables you to create your own unique savings plan with duration between 7 and 1000 days.
With OWealth Fixed savings plan, you can lock your funds and earn up to 18% interest rate per annum on balances of #300,000 and below.
For balances over #300,000, you will earn up to 18% on the first #300,000, and up to 9% per annum on the remaining balance.
Target Savings
OWealth Target savings avails you the opportunity to save towards a target which could be accommodation, education, business, Wedding, Travels, appliances, Vacation, Tours Etc.
You can save your money daily, weekly or monthly towards a target with a total of up to 15% interest rate per annum.
SafeBox Savings:
This is a strict daily, weekly or monthly automatic savings that enables you to accrue up to 15% interest rate per annum.
Moreso, with SafeBox Savings, you can enjoy up to Four free withdrawal days yearly. You are also entitled to 15% interest rate per annum for balances of #300,000 and below.
For balances of #300,000 and above, you earn 15% on the first #300,000 and 6% interest per annum on the remaining balance.
Spend & Save Savings
Here, you can save a percentage every time you spend money with a very good return. For example, Save #100,000 for a year and earn #13,500.
Your funds on OWealth are protected with the same 256_bit HTTPS SSL as all the banks. OWealth is Powered by Blue Ridge Microfinance Bank and Insured By NDIC
