In today's dynamic market, many investment options present opportunities for higher returns on your capital. From dollar investments to Stocks, Mutual Funds, and Cryptocurrency, the list is endless.  

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However, amidst the prevailing uncertainty in the economy, a fixed deposit stands out as the optimal choice – the safest and most reliable investment option.

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This is why we're excited to introduce a brand-new feature to help you grow your wealth in the safest way—introducing Fixed Deposits!

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Benefits of the OurPass Fixed Deposit Account

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1. Sure Returns

As previously stated, the returns on your fixed deposits remain unaffected by market fluctuations. The interest rate remains constant, ensuring a steady income.

Your investment will continue to generate the predetermined interest amount, providing a secure and stable financial option to grow your business.

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2. Ease of Use

Unlike crypto or forex trading, you don't have to constantly monitor the volatile market conditions to gauge the performance of your fixed deposit. 
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This simplicity associated with a fixed deposit makes it an accessible investment option, particularly for low-risk investors.
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3. Passive Income

Saving up for a project? Rather than keep your money in a traditional bank account with zero interest earned, place it in the OurPass Fixed Deposit account. This is a win-win because you’ll earn extra income with your initial capital still intact. 

Now that we’ve established the benefits of a fixed deposit account, let’s show you how to enjoy them.

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How to get started with OurPass Fixed Deposits

The best part is, opening a fixed deposit account is easy!

You only have to click the fixed deposit button on our user-friendly, OurPass Business app. Log in to your mobile or web app, select “Fixed Deposit”, and complete the short form reviewing your investment details. 

An investment is automatically created, and you can always go back to see the interest you've been paid. And you're good to go!

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We are also fully insured by the NDIC, so your investment is safe, and you can monitor your growth in real-time on the app.

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Some Frequently Asked Questions

Below, we've shared answers to common questions asked about the fixed deposit feature:

What’s the minimum amount I can invest?

The minimum investment amount is N10,000. However, the higher your investment amount and the longer your tenure, the higher your interest.

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What is the interest rate?

Enjoy up to 15% per annum dependent on the tenure of your investment.

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How do I get my interest paid?

You have two options to get your interest:

1. Monthly: with this, you can earn a salary from your business proceeds. You get your monthly interest paid into your OurPass account while your principal is paid at the end of the investment tenure.\
2. End of tenure: your interest keeps compounding until the investment matures. For this, you get both your interest and principal paid at maturity.

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What if I need urgent cash?

You can always liquidate at any time with the two options below:

1. Partial liquidation: you take part of the funds and leave the rest to continue earning interest
2.  Total liquidation: You take out all the funds and interest before maturity

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It is time to let your money work for you. Create a free account now to start growing your income most easily and securely!