The best way to save and plan your income online – Savebeta

SAVEBETA FAQ's

about

SAVEBETA is a digital savings app that helps everyday Nigerian overcome saving challenges and easily reach their savings goal without incurring any cost .

All of the savings plan on SaveBeta are tailored toward a particular need. If you would like to regularly put away money for your savings and withdraw at any time, then the BetaFlex wallet is right for you. You can set it so that money is taken from your account and you don’t have to worry about saving manually. If you are saving towards a particular goal such as school fees or travel, then the Beta Target plan is right for you. If you are looking for something geared towards the long term, the BetaLock features is perfect for you with higher interest rate. If you are a copper who wants to prepare for life after NYSC, then the BetaKopa plan is best for you. This plan gives you an opportunity to win over 2.5million naira as business startup capital after your service year if you are able to save a minimum of N10,000 monthly for 12months.

To start saving on SaveBeta, download the mobile app on Google play store or apple store. Setup your information. Your information should be in line with your bank details (The name on your bank should be the same while signing up). Click on any saving option of your choice and enter your debit card details to pay via Pay stack. You may use a MasterCard, Visa or Verve card from any Nigerian bank.

Once confirmed your money will reflect on your SaveBeta Account.

No! it's completely FREE. There are no bank charges for transferring money to your SaveBeta account.

You can ONLY save between:N100 - N50,000 daily,
N1000 – N400,000 weekly,
or N3,000 – N800,000 monthly

SaveBeta was built with the security of your data in mind. All financial information adheres strictly to the rule that governs all financial institutions (PCI-DSS LEVEL 1 COMPLIANT STANDARDS).

PCI DSS is a standard guide globally that handles all customers' card details. Additionally, all transmission to our site is via an encrypted 256-bit HTTPS SSL connection.

As an extra layer of security, the SaveBeta app does not process third party account withdrawals. You can only save from and withdraw to your own bank account.

No! Withdrawals are directly sent to your registered bank account on the SaveBeta platform. To register your bank account, follow these four steps below;

• Go to profile
• Bank Details
• Input your account number, bank name, account name.
• Submit
P.S.: Your bank account name should correspond with your profile on SaveBeta.

Yes! We are located at Road5, suite J88, Ikota Shopping Complex, Lekki-Epe express way, Lagos State.

Contact Number: +234 (01) 8880255
Email: hello@savebeta.ng

Your card details are safe and are encrypted where they can never be compromised.

SAVEBETA is a product of Beta Analytics Limited Duly registered with the Corporate Affairs Commission, Nigeria, (RC: 1631808) and a registered Microfinance Institution (MFI) with Cert No: 8722.

All saved funds are held with and managed by SEC regulated Asset Management Partners, which is extremely safe and guaranteed.

You don’t need your BVN to start saving on SaveBeta.

This savings plan allows you to set money aside for a fixed period of time without having access to it until maturity. It’s like having your own custom fixed deposit.

On funds locked for:
• 30 days, the interest is calculated at 7% per annum.
• 90 days, the interest is calculated at 12% per annum.
• 6 months, the interest is calculated at 13.5% per annum.
• 2 years and above, the interest is calculated at 15.5% per annum.

The minimum amount that may be kept in BetaLock is N1000.

Yes, you can have more than one BetaLock; and you can give them different names too.
E.g. you can have a BetaLock for your Children Fees, Wedding; Birthday; Vacation etc.

Yes, your BetaLock is different from your normal savings plan. After initiating a BetaLock for a particular amount of money, your savings plan continues as normal.

Upon maturity, all funds that you have put in your Beta Lock can be withdrawn directly to your registered bank account on the SaveBeta platform.

No! Funds can only be accessed upon maturity.

The maximum amount per BetaLock is N100million.

With BetaTarget Savings, you are able to save consistently towards a particular financial goal. You can create a personal target; Save for your rent, vacation, a new gadget and even towards starting your new business with BetaTarget savings, and earn more money while at it!

Log in to your dashboard and click on the 'Savings' sign on the bottom pane of your dashboard.
Click on the 'BetaTarget' option and then 'Create a Target'.
Start up a personal target; fill in the required fields and save the Target to activate it.

YES.

1. 5% per annum on BetaFlex account
2. Up to 15.5% per annum on BetaLock account
3. 12.5% per annum on BetaTarget account
4. 12% per annum on BetaKopa account

Kindly note that interest rates are subject to change at any time based on market conditions.

• Betaflex- Interest is accrued daily on your balance, and paid monthly (available from the 2nd of every month).

• BetaLock- Interest is paid upfront directly to your BetaLock savings account and you can access it immediately for free.

• BetaTarget Savings- Interest is accrued daily, reflects on your target dashboard, and is paid at the end of your target.

• BetaKopa: Interest is paid directly to your BetaKopa savings account and you can access it at the end of your service year.

Users who do not want to earn interest on their savings can simply contact Finance desk at no-interest@savebeta.ng

We adopt a cost effective management approach, due to high volume of transactions we are able to negotiate higher rates with our Fund Management Partners.

All saved funds are held with and managed by SEC regulated Asset Management companies, which is extremely safe and guaranteed. Users receive a portion of the proceeds as interest on their savings.

A BetaFlex account is a flexible savings plan where you can keep and withdraw funds for emergencies.

Yes! You can. As a bonus, SaveBeta enables you to make withdrawals at a free rate during the months below; January 2nd, April 2nd, August 2nd, and December 2nd.

To fund your BetaFlex account, simply click on the BetaFlex Saving interface. Input the amount you want to save. Add your card number and pay via Paystack. Once confirmed the funds will reflect on your BetaFlex Wallet.

BetaKopa account is a savings plan created for currently serving National Youth Service Corp Members. It helps you prepare for life after NYSC and also give you a chance to win over 2.5million naira as business startup capital after your service year if you are able to save a minimum of N10,000 monthly for 12months. This account is only available to serving Corpers.

To fund your BetaKopa account, simply click on the BetaKopa Saving interface. Input the amount you want to save. Add your debit card details and pay via Paystack. Once confirmed the funds will reflect on your BetaKopa account.

You can withdraw your money for free only on set withdrawal days or you can make use of SaveBeta free withdrawal days quarterly.

After you have placed a withdrawal request, the funds will be transferred to your registered personal bank account within 24hrs

Note: The minimum amount that can be accessed from any of your SaveBeta account is 2000 Naira

January 2nd
April 2nd
August 2nd
December 2nd

Withdrawals made outside the free Withdrawal dates attract a 2.5% penalty fee of the withdrawal amount.

Yes, you can!

Simply log into your account and click on the withdraw option, then input the amount you want to withdraw.

You need to have filled your bank details under your account set up, click on the "withdraw" option on your dashboard, enter the amount you want to withdraw and your funds will be transferred to your set bank account within 24 hours.

TThe minimum amount you can withdraw from your SaveBeta account is N2000 and there is NO maximum . You can withdraw all of your funds whenever. However, fixed free withdrawal dates still apply.

Note : You can ONLY withdraw once in 24hours.

You can earn extra income on the SaveBeta platform by sharing your referral link with your friends and family members. You get 100 Naira for every active user that saves at least 1000 Naira on their SaveBeta Account.

Yes! The mobile app is available ONLY on Android and iOS.

Click to download on android

Click to download on IOS

Kindly call, email or visit our office.

Contact Number: +234 (01) 8880255
Email: hello@savebeta.ng
Road5, suite J88, Ikota Shopping Complex, Lekki-Epe express way, Lagos State.

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