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How to save in dollars on Cowrywise app?
Read all about how to save in dollars on Cowrywise app.
We have all seen how the naira has fallen to the dollar in recent years, the value of the naira seems to be ever on the decrease, this inflation means that the value of your money is not what it was a few years ago.
If you want to beat this inflation, it seems like a smart idea to save in dollars, to protect yourself against it.
Cowrywise is a fintech company in Nigeria that offers both investment and savings plans and rewards its customers with a certain percentage of interest. They started back in 2017 and are still working effortlessly to give the best to their customers and ensure they help to meet up to your financial goals.
In this post, I am going to be writing about how to save dollars in Cowrywise app and more. Remember to leave us a comment after you finish reading and also share with your friends on social media.
Let’s get into it then…
Read my post on how to save dollars in Piggyvest
How to save in dollars on Cowrywise?
- You need to have the updated version of the Cowrywise app
- Click on the “Invest” tab, Click “Create a new investment”
- Take the risk assessment (optional). This is a short assessment that lets you know what type of investor you are – a low, medium or high-risk investor
- Tap “Dollar Mutual Funds” and invest in your preferred option
How to withdraw from the fund
- To withdraw from the fund anytime, tap “Invest”
- Select “USD Mutual Funds”
- Select the dollar investment plan you want to sell
- Tap the three dots at the top right corner
- Tap “Sell Units”
Bear this in mind, if you sell your units before the returns payout date, you’ll only gain if the price per unit has increased. This means that if you bought a unit at $10 and sell at $11, you’ve gained $1 per unit.
About Cowrywise?
Cowrywise is a fintech company in Nigeria that offers both investment and savings plans and rewards its customers with a certain percentage of interest. They started back in 2017 and are still working effortlessly to give the best to their customers and ensure they help to meet up to your financial goals.
Cowrywise savings plans
Cowrywise have 4 different savings plans, they are automated, have better interest rates than banks and you will reap the full benefits. There are no repercussions. There are no charges. It’s completely free.
Below are the plans:
- Regular Savings
For a minimum of three months, save money on your terms with an interest rate of 10-15 percent per annum and you will get paid well for your perseverance.
- Life Goals
Long-term planning for life’s most essential goals. A minimum of one year is required, with incredible results.
- Halal Savings
Save money with or without automation, free of riba, absolutely interest-free. Suitable for Muslims who do not want interests.
- Saving Circles
This plan will let you set goals for yourself and collaborate with others to achieve them. You can expect juicy profits.
Summary
With the above, you should now know how to save in dollars on Cowrywise. If you require further help, you can visit our contact us page or leave us a comment below in the comment section and we will get back to you as soon as we possibly can.
Conclusion
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