How SumoTrust Can Save You From The Embarrassment of Being Broke

During the lockdown, a lot of Nigerians ran into financial distress and the majority of the people went into debts.

In fact, some people searched around for who to borrow money from but couldn’t get and ended up with a ‘SEE FINISH SITUATIONS’.

Here is the thing, while people complained bitterly about no money and all, a lot of other people that had good savings in the bank or savings platforms like SumoTrust; fell on their savings for backup and emergency funds and were never put to shame of any sort that has to do with money.

Debt is bad and you try to avoid it at all cost unless it’s business.

This is why you should give a second thought about your savings culture especially if you can’t boast of N100k in your savings account right now.

Let me let introduce you to SumoTrust.

SumoTrust is a secure savings and investment platform helping Africans build wealth through micro-savings and investment.

You earn as much as 10-15% interest for every penny you save with SumoTrust and you can automatically save as little as N100 daily. See it as your digital Akawo or Ajo that people go round every day collecting their daily contributions from customers in the market areas.

It is very secure and you can make transfers as we all money requests.

The platform is very flexible, easy to use, and highly secure with thousands of people already using that platform to reach their financial goals. This is something you should pause a moment and give a thought or make a research about it.

Related: Top Online Savings Platform In Nigeria

You can check out the reviews of SumoTrust on Google Playstore or Apple store here and see what other people that have been using the platform are saying.

There is no honor in being broke the least person you expect to embarrass you will do at the slights opportunity, not because they hate you but something that just happens when you’re broke.

There are tons of time we come across money and other times, run into emergency situations that make us spend money.

The difference in how you respond to both situations is how you manage to save up enough money in times of plenty against times of emergency.

This is one of the reasons why SumoTrust is here for you and you should take it seriously.

All the best.

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5 Savings Apps in Nigeria That Pays High Interest 

We still get a clarity request on the best savings apps in Nigeria even though we have published top online savings and investment platforms in our previous article.

On this, I will hammer more again on same thing about Online savings apps in Nigeria which the old people will call Piggy Box saving or kolo saving box.

So, if you’re looking for the best savings App in Nigeria, then, here are my top 5 picks based on 3 criteria

1. Trust
2. Interest payout
3. Services offered/Tech

Personally, I currently use 4 out of these online savings platforms and I can tell which of them is the best. So, I will list them in the order that I loved based on what I like about them.

1. SumoTrust

SumoTrsut (Formerly known as SumoBank) is a trusted online savings App helping Africans save and spend less while learning and getting better at business and financial decisions.

The Sumotrust platform is focused on global Job entrepreneurs who will become job creators, that is why it’s in partnership with Entrepreneur Platform, formerly Entrepreneur Nigeria to provide FREE/Discounted business access to its online Academy to all Sumotrust users.

The platform pays you high savings interest returns of 10-15% per annum.

Download the Sumotrust App from both Android and iOS.

You can learn more about Sumobank on Sumotrust FAQ page.

• Trust Verdict: 99.9%
• Interest Payout: 10-15%
• Services Offered/Tech: Savings, Investing, Learning platform and Receiving payments.
• Withdrawal Fee: 5 Free withdrawals on Withdrawal dates and 4.5% Penalty fee on Non-Free Withdrawals dates

2. PiggyVest

PiggyVest, formerly Piggybank is a trusted online savings platform for savings and investing. PiggyVest is one of the oldest online savings platforms in Nigeria and currently used by many Nigerians to save.

Piggybank is pretty easy to use and great if you want to build a good savings culture.

• Trust Verdict: 99.9%
• Interest Payout: 8-15%
• Services Offered/Tech: Savings, Investing and Budgeting.
• Withdrawal Fee: Free withdrawals on Withdrawal dates and 5% Penalty fee on Non-Free Withdrawals dates

3. Cowrywise

CowryWise is also a Trusted Online Savings App in Nigeria that helps its users save and invest for a goal.

The CowryWise App is pretty beautiful and easy to use.

• Trust Verdict: 99.9%
• Interest Payout: 10-15%
• Services Offered/Tech: Savings, Investing, loan and finance calculating tools for schools and savings goals.
• Withdrawal Fee: Free withdrawals, no hidden fees

4. Alat by Wema

Alat by Wemabank is Nigeria’s first fully digital savings bank. The platform is trusted and secure to use and give you ATM card access to make cash withdrawals from your Alat account.

Apparently, ALAT allows you to do everything you can do with commercial banks.

Also great savings App for those who will be needing Cash at anytime.

• Trust Verdict: 99.%
• Interest Payout:2%
• Services Offered/Tech: Savings, Investing, loan, banking features.
• Withdrawal Fee: ATM card and Free withdrawals at all times.

5. KoloPay

KoloPay is a trusted online savings platform that allows its users to save money towards planned goals over a period of time. On Kolopay, you can’t withdraw some part of your savings but can only withdraw the whole amount before or after a goal’s due date.

Kolopay savings platform also allows you to share your savings goal with your friends and family so that they can help you to contribute to the achievement of the set target.

• Trust Verdict: 99.9%
• Interest Payout: 6% per annum
• Services Offered/Tech:
• Withdrawal charges:5% charge if withdrawal is done before the set date withdrawal date.