An Interest-Earning Savings account allows you to deposit your money and earn interest on your balance over time. Unlike a regular savings account, the interest rates are higher, enabling your savings to grow faster.
With our competitive Annual Effective Yield (AEY), you can maximize your returns while enjoying the flexibility to access your funds whenever needed.
Start saving smart and watch your money work for you.
We’ve partnered with Sanlam, one of Africa's most reputable financial institutions, to ensure your money is in safe hands.
Fingo is a Central Bank of Kenya regulated product and powered by Ecobank, ensuring transparency and security for all our customers.
An Interest-Earning Savings account allows you to deposit your money and earn interest on your balance over time. Unlike a regular savings account, the interest rates are higher, enabling your savings to grow faster.
With our competitive Annual Effective Yield (AEY), you can maximize your returns while enjoying the flexibility to access your funds whenever needed.
Start saving smart and watch your money work for you.
We’ve partnered with Sanlam, one of Africa's most reputable financial institutions, to ensure your money is in safe hands.
Fingo is a Central Bank of Kenya regulated product and powered by Ecobank, ensuring transparency and security for all our customers.
Open your interest-earning savings effortlessly, and watch your balance expand with daily compounded interest.
It's smart money growth made simple.
Define your savings target and timeline to stay focused on your goal.
Schedule regular transfers to effortlessly save for milestones like a new car or your dream vacation.
Monitor your savings progress effortlessly with real-time updates. Stay on track to reach your financial goals with our intuitive tracking tools
Create customized savings goals that fit your unique financial objectives. Whether it’s a dream vacation, a new car, or an emergency fund, personalize your targets to match your aspirations.
Enjoy the flexibility to deposit and withdraw funds at your convenience. Manage your savings on your own terms with our user-friendly features.
The Interest-Earning Savings feature is a high-yield savings account offered by Fingo Africa. It allows you to earn up to 15% interest per annum, compounded daily and paid monthly. This feature is designed to help you maximize your savings effortlessly.
Please note that the 15% interest rate is not guaranteed and may change depending on market conditions. While we have measures in place to minimize risk, your capital is at risk.
To open a savings account with Fingo, follow these steps:
1. Download the Fingo app from the App Store or Google Play.
2. Sign up and create an account.
3. Verify your identity by providing a valid ID and taking a selfie.
4. Complete the account setup and start saving!
Deposit money into your Fingo account using any of the following methods:
• MPESA Deposit
• MPESA Payroll Deposit
• Paylink Deposit
• Bank Deposit
• Receiving Salary through Bank Transfer
After depositing the money into your Fingo account, simply transfer the funds to your interest-earning savings goal by tapping on the Savings shortcut on the home screen or from the interest-earning savings goal details page.
Interest on your savings is compounded daily and paid out monthly. This means your balance will grow every day, and the interest earned will be credited to your Interest-Earning Savings Goal at the end of each month.
While there are no fees associated with opening or maintaining an Interest-Earning Savings account with Fingo Africa, there are some charges related to the interest earned. A withholding tax of 15% and a Fingo service fee of 1% are deducted from the gross interest earned. We believe in transparent banking with no hidden charges to ensure you get the maximum benefit from your savings.
The minimum initial deposit to open your interest-earning savings account is KES 100. Additionally, each subsequent deposit must also be at least KES 100.
Withdrawals from your Fingo savings account are processed as follows:
• Daily withdrawals up to KES 30,000 are processed instantly.
• Daily withdrawals above KES 30,000 are processed within 48 hours.
Fingo Africa is a CBK regulated Product powered by Ecobank
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