Your Idle Money Will See Shege!

One of the best ways to prepare for the shock of inflation is by putting your money to work. A simple way to make this happen is by saving your money in high-interest-yielding accounts.

In an economy where the value of your money keeps going down and prices keep going up, it makes sense to assume that your money will not remain the same; yes or yes?

Let’s give you a pictorial view of what we mean. 

Here's a Chart showing how inflation has grown over time:

The chart was created from a table sourced from CBN.

With the constant increase in prices, 5,000 Naira today cannot buy what it could buy yesterday. A popular example is Titus sardines. Previously, it could be bought for 350 Naira then all of a sudden, it jumped to 700 Naira. Overnight, it became the food for the big boys. 

One of the best ways to prepare for this shock is by putting your money to work. A simple way to make this happen is by saving your money in high-interest-yielding accounts. 

It is a good thing to keep money aside for future use but it’s even better when you keep money aside and the value increases. Keeping money in places like purses, wallets, bank accounts, etc., that do not yield high interest gives inflation the opportunity to do what it does best. The good news is, we are not just reiterating a problem we already collectively agree on, we’ve also designed a solution. 

On Eyowo, we give you the opportunity to put your money to work. Your money can make up to 13% extra value for you when you keep your money in an Eyowo safe. And you can open as many safes as you want and earn up to 13% on each of them. It’s like your money has side hustles. 

Start preserving your money now! Save with Eyowo.

Your idle money will see shege if you don't!
 

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Eyowo is a CBN-regulated bank that unifies all the financial tools you need to pay, receive, budget and save money in one place, also providing you with the safest card in Nigeria in partnership with Mastercard.

Eyowo’s services are delivered by two regulated entities, Eyowo Integrated Payments Limited and Eyowo Microfinance Bank. Eyowo Integrated Payments Ltd (RC1512927) is licensed by the Central Bank of Nigeria as a Payments Solutions Provider. Registered address: 8, Oduduwa Crescent, Ikeja GRA, Lagos, Nigeria. Eyowo Microfinance Bank Ltd (RC838171) is licensed by the Central Bank of Nigeria as a Microfinance Bank. Registered address: 19 Araromi Street, Victoria Island, Lagos, Nigeria.

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