MoniLock
Lock it away. Watch it grow.
Make more money from your savings! Get up to 28% interest rate and see your savings grow.
- Returns on your savings
- Up to 28%
- Returns on your savings
- Interest paid when you lock
- Upfront
- Interest paid when you lock
MoniLock transforms your money into an investment over time. Its user-friendly interface makes it effortless to track your savings and watch them grow. Manage multiple MoniLocks concurrently, each tailored to a distinct saving goal like a home, a car, or a vacation — where your money works for you.
Plan ahead and stay prepared
Maintain financial discipline and save purposefully
You're in control
Earn up to 28% in returns on your savings, maximising your financial growth potential.
Lock funds in advance
Seamlessly monitor your savings journey with MoniLock's user-friendly interface, ensuring easy management of your finances.
Receive interest upfront
Withdraw the interest you earn upfront while your principal stays locked until the maturity date.
FAQ
All FAQs MoniLock questions, answered
What is Monilock, and how does it work?
Monilock is a secure savings feature that allows you to lock funds for a specific period This helps you save consistently and earn interest over time.
Can I withdraw my funds before the maturity date on Monilock?
No, funds locked in Monilock cannot be accessed until the agreed maturity date. This ensures your savings goal is met without any interruptions.
Can I withdraw my interest Upfront on Monilock?
Yes, Monilock allows you to withdraw the interest earned upfront while keeping your principal amount locked until the maturity date
What rates am I getting on Monilock savings?
31 to 60 days attracts 2% interest, 61 to 90 days attracts 3.5% interest, 91 to 120 days attracts 5% interest, 121 to 365 days attracts 6.5% interest, and 1 year and above attracts 8%.
