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Inest by FCMB (Enjoy 5% – 11% interest on your savings)
Read all about Inest by FCMB.
What is iNest?
iNest is a Digital savings platform powered by FCMB; the platform helps you save towards a goal with ease.
With iNest, you can cut-down spending and set aside funds you do not want to touch/spend. iNest takes away the stress by combining simplicity, discipline, convenience, and flexibility to enable you to manage your finances better and achieve financial goals.
In addition, with iNest you can choose to save small amounts of money periodically (Daily, Weekly or Monthly & Quarterly) towards a specific target.
Features of I-Nest?
Create Multiple Goals
You can create as many savings goals as you want and watch yourself achieve all your goals conveniently through an automated process.
Track your savings goal till completion
You can monitor your savings goal progression through a dashboard that shows you how much you have saved, interest you have earned and how soon you are close in achieving the goal amount set
Automate by linking your debit card or bank account
Make the process easy by linking your debit card or bank account, it is secured and helps you reach your goal faster. The automated process ensures you don’t miss funding or savings towards your goals.
How long can I keep my savings on iNest?
There is no minimum duration/tenor. You can keep your savings us for as long as you wish. However, for lump sum, the minimum tenor is 3 months.
How do I start saving on iNest?
– You can start saving on iNest through the FCMB New Mobile App OR by visiting iNest website to create an account.
– Provide details of your goals and our savings calculator will generate how much you will be contributing either (daily, weekly, monthly OR quarterly) instantly.
– Setup your funding method which can either be with FCMB Account OR through your debit card (VISA, MasterCard or Verve) from any Nigerian Bank.
Which the plan is best for me?
All the savings plan on iNest are designed to help you save towards a particular need.
Flexible – If you would like to regularly put away money for your savings and withdraw any time you like, the Flexible Plan is right for you. You can set it so that money is taken from your FCMB account OR any Nigerian Bank account and you don’t have to worry about saving it manually.
Lockdown – If you are saving towards a particular goal such as Purchase of Property, Rent or School fees, the Lockdown Plan is a great option as it provides you with the required discipline of a Target Savings.
How much can I start with?
You can start with any amount of your choice. However, you can always top up your savings at any time using the Top Up option which allows you to add up to N2,500,000 per time.
Can I monitor my savings and interest?
Absolutely. The dashboard is designed with this objective in mind. You can monitor the progress on your goal savings and interest on daily basis on the easy-to-understand dashboard. On the dashboard, you can view the following:
Available Balance: Total amount saved excluding Liquidated amount
Contributed Amount: the total amount of savings you have made into the goal savings.
Liquidated Amount: Total Amount of withdrawals amount on a goal savings.
Interest Earned: Total interest accrued and available for withdrawal.
Outstanding Balance: How much you still need to save to achieve you target amount
When does my saving start to earn interest?
Your goal savings start to earn interest the following day after the first fund into you goal savings. Your daily interest is credited by 12 mid-night each day.
Can I liquidate my investment at any time?
Yes, you can on both Flexible and Lockdown Plan. However, you will be charges 70% of you accrued interest if you liquidate before end date on Lockdown plan.
Can I pause and continue saving any time?
Yes, you can, it is up to you to pause or continue the automatic saving any time for free. Login to your account, go to your Goal Savings and push the Green button at the top to purse the Goal. Pushing the button again will resume it.
How to contact I-Nest customer care?
Customer email: firstname.lastname@example.org
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