CashBox is a secure savings platform that helps you save and control your spending habit.It is simple, safe and rewarding. You can decide to save money periodically (daily, weekly, monthly) or lock away funds for a specified tenor.
You can start with as low as N100 or as high as you want. Savings can be daily, weekly or monthly. You also have the option of "Instant Savings" which allows you add money into your CashBox account at anytime regardless of your present savings plan.
CashBox is a savings platform that encourages financial discipline, so we encourage savers to save their money as long as possible while earning high interest on it. However, our FREE withdrawal days are: Mar 1st, June 1st, Sept 1st and Dec 1st. But you can also withdraw anytime you want at a 5% penalty charge of the amount you are withdrawing.
No, CashBox helps you save automatically (daily, weekly or monthly) depending on the plan you choose. On your set savings day, your bank card will be debited and CashBox account credited, while you receive a receipt to that effect.
You can earn up to 10% interest on Regular Saver and up to 15% interest on Locked Savings. Interest is accrued daily into your Regular Saver account daily. For the locked savings, interest is earned upfront.
This is a savings plan that allows you earn interest upfront on your savings, Minimum tenor is 90 days and there is no maximum. All you have to do is select the number of days you want your money locked away for, while you earn the interest upfront immediately.
Security of our savers is paramount. CashBox was built using Bank Grade security features. Your personal and card details are safe as all payments are handled through Flutterwave (they handle payments for top companies like Uber, Booking.com etc). As for your savings, they are held with our partner bank which is NDIC (Nigeria Deposit Insurance Corporation) insured, so savers have nothing to worry about, just keep saving.
CashBox is not a traditional bank, so we do not have the high costs associated with running a bank. Also your funds are invested in short term government risk-free bonds and securities, this is why we are able to pay high interest that makes your bank jealous.