Are you looking to start investing your money but don't know where to begin? Cowrywise may be the solution for you. With its easy-to-use app and various investment options, Cowrywise has become a popular choice for many Nigerians. In this blog post, we will discuss the cowrywise app download process, how to log in to your account, the customer care services provided, and the interest rates offered by Cowrywise. We will also address the question on many people's minds - is Cowrywise a legitimate investment platform approved by the Central Bank of Nigeria (CBN)? Keep reading to find out more.
How to Download the Cowrywise App
The below is how you can download the Cowrywise app for both Android and IOS devices
Android:
- Open the Google Play Store app on your Android device.
- Search for "CowryWise" in the search bar.
- Select the official CowryWise app from the search results.
- Tap the "Install" button to begin the installation process.
- Once the installation is complete, open the CowryWise app.
- Create an account or sign in to your existing account.
- Enjoy using the CowryWise app to manage your investments.
iOS:
- Open the App Store app on your iOS device.
- Search for "CowryWise" in the search bar.
- Select the official CowryWise app from the search results.
- Tap the "Get" button to begin the download process.
- Once the download is complete, open the CowryWise app.
- Create an account or sign in to your existing account.
- Enjoy using the CowryWise app to manage your investments.
How To Login To Cowrywise
Ready to start investing with Cowrywise? Here's how to log in to your account.
- Open the Cowrywise app on your device.
- Enter your registered email address and password.
- Click on the "Log In" button.
- You will be directed to your dashboard, where you can view your investments and make transactions.
With just a few clicks, you'll have access to your Cowrywise account and all the investment opportunities it offers. Log in now and take control of your financial future!
Cowrywise Customer Care Number
The Cowrywise customer care number is +234 903 000 085. They are available to help you with any inquiries or issues you may have regarding your account, investments, or any other aspect of the app. Rest assured that their team is dedicated to providing prompt and efficient assistance to ensure a smooth and satisfactory experience for all users. So, don't hesitate to reach out if you need support along your investment journey with Cowrywise.
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Cowrywise Interest Rates
Here is a summary of Cowrywise's current interest rates for Savings Plans as of October 4, 2023:
Savings Plans
- PiggyBank: 10% p.a. with no lock-in period
- Target: 5.5% p.a. for 3 months, 6.5% p.a. for 6 months, 7.5% p.a. for 9 months, and 8.5% p.a. for 1 year or more
- Flex Naira: 4.5% p.a. with no lock-in period
- Flex Dollar: 2.5% p.a. with no lock-in period
Please note that the interest rates are subject to change without prior notice. You can always check the latest interest rates on the Cowrywise website or app.
Is Cowrywise Legit and Approved by CBN?
Yes, Cowrywise is a legitimate and regulated investment platform in Nigeria. It is duly registered and licensed by the Securities and Exchange Commission (SEC) of Nigeria, which is the primary regulatory body for investment platforms in the country. This means that Cowrywise operates in compliance with Nigerian financial regulations and is subject to regular oversight by the SEC.
Cowrywise is not a bank and is not regulated by the Central Bank of Nigeria (CBN). However, the CBN does oversee the SEC, so Cowrywise's activities are indirectly regulated by the CBN. Additionally, Cowrywise's funds are held in a custodial account with a reputable Nigerian bank, which means that your money is protected by the Nigeria Deposit Insurance Corporation (NDIC) in case of any unforeseen events.
FAQS
Can I withdraw my money from Cowrywise before the maturity date?
Yes, you can withdraw your money from Cowrywise before the maturity date, but you may incur an early withdrawal penalty. The penalty amount varies depending on the savings plan and the time remaining until the maturity date. You can view the early withdrawal penalty schedule on the Cowrywise website or app.
How do I get my money back from Cowrywise?
To withdraw your money from Cowrywise, simply follow these steps:
- Log in to your Cowrywise account.
- Select the savings plan or investment product that you want to withdraw from.
- Click on the "Withdraw" button.
- Enter the amount you want to withdraw.
- Review the withdrawal details and confirm the transaction.
Your withdrawal will be processed within 1-3 business days. You will receive your funds directly into your linked bank account.
How do I withdraw my locked savings from Cowrywise?
Locked savings cannot be withdrawn before the maturity date. This is because locked savings are designed to help you reach your long-term financial goals by preventing you from accessing your funds prematurely. However, you can request an early withdrawal if you have a genuine emergency.
To request an early withdrawal of your locked savings, please contact Cowrywise customer support. They will review your request and inform you whether or not your request can be approved.
What is the interest rate for Cowrywise fixed deposit?
Cowrywise does not currently offer a fixed deposit product. However, they offer a variety of other savings and investment products with different interest rates. You can view the current interest rates on the Cowrywise website or app.
Is Cowrywise investment legit?
Yes, Cowrywise is a legitimate and regulated investment platform in Nigeria. It is duly registered and licensed by the Securities and Exchange Commission (SEC) of Nigeria, which is the primary regulatory body for investment platforms in the country. This means that Cowrywise operates in compliance with Nigerian financial regulations and is subject to regular oversight by the SEC.
Conclusion
In summary, Cowrywise is an excellent investment platform for Nigerians looking to grow their money. With its easy-to-use app, you can easily download and access your account to start investing. The customer care team is always available to assist you, and the competitive interest rates offered by Cowrywise can help maximize your returns. Plus, with its legitimacy and approval from the CBN, you can trust that your investments are secure. So, don't wait any longer - start your investment journey with Cowrywise and take control of your financial future today!