Spend+Save now pays you 9% annual interest

Most of us know we should save more. The hard part is remembering to do it.

That’s why we built Spend+Save. You pick a percentage, and every time you pay for something, that bit goes straight into savings. Whether you’re paying for lunch, data, or a bill, every transaction puts a little away, automatically.

Until now, that money just sat there but today, it has become more rewarding.

Your Spend+Save now earns 9% a year

If you’re on Kuda Premium, your Spend+Save balance now earns 9% interest yearly. All you need to do is set it up and you’ll get paid interest on what you save.

How it works

Interest builds every day. We work out your interest daily, so every Naira in your Spend+Save pocket counts from the day it lands. Thereafter, your interest is paid into your Spend+Save pocket at the beginning of every month.

Your money isn’t locked. This isn’t a locked fixed deposit. If you need your money, you can take it out anytime.

You get 4 free withdrawals a month. When you withdraw up to 4 times a month, you keep your interest. If you make a 5th withdrawal in the same month, you lose the interest you’ve built up that month. We’ll also send you an alert before your last free withdrawal, so it never catches you by surprise.

You need to have been on Premium for a month. Interest starts once you’ve been on Premium for 1 month.

Not on Premium yet?

You get on Premium by earning 50 coins in a month:

• 1 coin for every transaction
• 25 coins for keeping a monthly average balance of ₦50,000
• 50 coins for keeping a monthly average balance of ₦500,000

Check your coin count in the app. You might be closer than you think.

How to get started

1. Open the Kuda app and go to Spend+Save.
2. Choose the percentage you want to save from every payment.
3. Keep spending as usual. We’ll handle the rest.

The more you spend, the more you save. And now, the more you earn.