Yes, you read that right. Interest rates on Moni’s savings plans just went up! 🎉
If you’re already saving money with Moni or thinking about it, this is your sign: your money is about to start working even harder for you. With new rates of up to 23% per annum, you can now earn more just by staying consistent with your savings goals.
What are the new Moni interest rates?
Starting immediately, here are the new interest rates across all Moni savings tenors:
| Savings Period | Old Rate | New Rate |
| 90–120 days | 9% | 18% |
| 121–150 days | 9.5% | 18% |
| 151–180 days | 11% | 18.5% |
| 181–210 days | 12.5% | 19% |
| 211–240 days | 14% | 19.5% |
| 241–270 days | 15.5% | 20% |
| 271–300 days | — | 20.5% |
| 301–365 days | 16% | 21% |
| 366 days – 2 years or more | — | 23% |
The best part? All savings are still 100% secure, and you get your full interest on your savings plan’s maturity date.
Why did Moni increase savings interest rates?
We’re all about helping you build real financial security. With inflation still on the move, we’ve responded by raising our savings rates, so your money doesn’t just sit, it grows.
The updated rates are designed to give you:
- Higher returns on your savings
- More value for longer tenors
- Flexible options that match your financial plans
How Moni savings work
What Can ₦1M Do in 180 Days?
We did the math, so you don’t have to. Let’s compare how much you earn on a ₦1M savings plan in 180 days.
| Old Rate (21%) | New Rate (23%) | |
| Duration | 180 days (6 months) | 180 days (6 months) |
| Interest Earned | ₦105,000 | ₦115,000 |
| Total Payout | ₦1,105,000 | ₦1,115,000 |
All Moni savings plans are built for discipline, ease, and real results. Here’s how to make the most of them:
Choose a Savings Plans
You can choose either a Reserve Plan, where you can put away money you’re tempted to spend or a Safebox Plan where you can save up for something big or just build financial discipline. Moni gives you flexible, automated savings options, with interest rates up to 23% per annum.
Choose your tenor
Pick the savings duration that matches your goals — from 3 months to 2 years.
Lock your funds
Once you commit to a tenor, your funds are locked in, and your interest is paid at your savings plans’ maturity date.
Stay consistent
Saving consistently not only builds your balance but also helps you qualify for other benefits on Moni (like upcoming loans slots).
How to earn more with Moni
Here’s how you can make these new rates work for you:
- Go longer: The longer you lock your funds, the higher the rate. Planning for a future expense? Go for a 1-year lock and enjoy up to 23% interest.
- Save smarter: Use Moni to create a saving schedule and stick to your financial goals.
Moni’s new interest rates are one more reason to take your savings seriously. Whether you’re saving for school fees, rent, a big move, or just want to build wealth the smart way, we’ve got you covered.
Now’s the time to grow your money while keeping it safe.
Update your Moni app, choose a plan, and start saving today!
