While money doesn’t grow on trees, it can grow when you save and invest wisely. Knowing how to secure your financial well-being is one of the most important things you’ll ever need in life. You don’t have to be a genius to do it. You just need to know a few basics, form a plan, and be ready to stick to it.
Saving and investing often are used interchangeably, but there is a difference. Saving is setting aside the money you don’t spend now for emergencies or for a future purchase while Investing is buying assets such as stocks, bonds, mutual funds, or real estate with the expectation that your investment will make money for you.
No matter how much or little money you have, the important thing is to avail yourself of the opportunities to save and invest.
Imagine you’re wondering how you’d easily pay your rent or comfortably pay school fees or perhaps Invest your savings to gain more money, etc. I was once like you before I found solace in joining the digital banking revolution anchored by V Bank. It took me just 2 minutes to open a V account on my mobile device with my BVN, phone number, and zero paperwork.
With this bold move, I was able to say goodbye to the use of a local money merchant called, ‘’alajo’’ parading on the street and in the markets. Back then I can recollect how I was duped of my hard-earned money meant for my exam fees. I was devastated and depressed as I had to forfeit the exam for that year. And I know many people who were victims because of a lack of the right information.
Then I was setting aside N500 as a daily contribution and at the end of the month to collect N15, 000 or more depending on the months. In fact, it is always without interest or any incentives. Gbam! The woman disappears with my money including other people’s money.
But since I open the V account, I have been able to easily pay my rent, comfortably pay my school fees, purchase all my household appliances, and do much more by setting up a Target Saving or Fixed Deposit account with V. I don’t need to worry about my money missing again or disappearing into thin air. Apart from that, I can get up to 10% interest which is above the 1.25% interest for a savings account in the country.
The V Bank Target account is a saving account specifically designed for individuals to save towards a project or set a goal e.g., children’s education, wedding, school fees, vacations, etc. It offers customers the convenience of savings and maximizing their investments, whilst having flexible access to their account at any time.
This feature works by you deciding how much you want to put away for a period of time and set how frequently you want your account debited to achieve that target goal!
As if that is not enough, the V Bank App is very easy to use and you can use it on the go. All you need is to download the App on your phone then sign up for a V account and begin to save money and earn interest when you save.
Again, and easy to do, just download the V by VFD app on your phone then you sign up for a V account, save money and start earning when you save. Apart from that, the fixed deposit feature also offers a very competitive interest rate where you can fix your money.
.All said and done, V Bank is your access to all things related to banking on-the-go as well as savings and investments.