Are you looking for ways to multiply your savings? Well, there are so many ways to do so with high-yield savings accounts being one of the viable options.
One of the best places to look for high-interest savings accounts is on Timiza a digital bank offered as a mobile-only platform.
The facility allows customers to accomplish their saving goals with the Timiza Goal Savings Account, which earns the highest interest of 9 percent p.a.
Customers can save as little as Sh100 and still earn interest. They can save daily, weekly, monthly, or in a lump sum, and once they complete their goal, the money is automatically reflected in their account within 24 hours.
The interest payout is on a quarterly basis, with customers able to make withdrawals thrice per quarter. To open an account, all one needs to have is a national ID and accept Timiza’s terms and conditions.
Everything you need to know about Timiza, the cheapest short-term loan facility in Kenya
One can open an account by dialing *848# or through the Timiza mobile app, available on the Google Play store or IOS app store.
Pros of Timiza Goal Savings Account :
- Easy to open an account(App or USSD)
- 3 withdrawals a quarter(1 free M-pesa withdrawal per quarter)
- Bonus of up to 4% if withdrawals don’t exceed 3 a quarter
Anyone can save with Timiza and earn interest as long as they have a mobile phone. In addition, With the Timiza app, customers can make payments via M-Pesa Paybill and Till payments (buy goods) as well as make utility payments such as DStv, KPLC, Zuku, GOtv Bills.
