You effectively earn 13% interest annually. However, this is posted daily i.e., if you hold N100,000 for 365 days in your FairSave, you will end up with N113,000. However, all interest earned in FairSave is subject to a 10% withholding tax which can be seen and tracked in the transactions history of the app.
Once you start accruing daily interest on your FairSave, you will be able to see clearly how much interest you are earning daily.
How is the interest calculated? Print
Modified on: Tue, 30 Jan, 2024 at 2:35 PM
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