We all want to turn up this December, in fact, we deserve it! After all the hustle of 2022, we all need that deliciously Detty December to help us wind the year down. But what about January? Yes, the ‘longest’ month in the year and possibly the most ‘sapa-intensive’.
What do you do when January comes?
With our New Year Target Savings Challenge (NYTS), January/The New Year doesn’t have to be so scary anymore. You can simply cruise into 2023 without worrying about your finances and with a whopping 10% bonus interest on your savings plus 9% interest on the total savings balance.
The NYTS Challenge is our special way of encouraging you to save for the New Year using the Target Savings feature on the app. This savings plan runs from August till December 2022 and after that, you get a 10% bonus on your first-month contribution alongside your regular Target Savings interest.
So, at the end of your savings period, you’re going home with a bonus 10% on your first month’s contributions. If that isn’t baller, then we don’t know what is.
Here’s what you need to do to qualify:
- Contributions throughout the period must be equal. This means that your first month and subsequent months’ contributions must be the same for you to qualify for the bonus.
- Your Target Savings name should have the code NYTS in it. For example, (NYTS January Baller)
- You’ll have the whole of August 2022 (1st – 31st 2022) to set up your savings plan. And the plan will be liquidated on the 1st of January 2023.
- Any break before the end of the savings period will disqualify you from getting the bonus.
NB: The 10% bonus is only for the first month, so start high and end high!
Don’t have a V Account? Opening a V Bank account is easy and can be completed within 2 minutes. All you need is to download the V by VFD app, available on the Android and iOS app stores. You can create an account either by using your BVN number or an existing bank account number. Let the savings begin!