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Flex Savings

Save without locking your money away.

Earn 12% a year on money you can take out the same day you ask for it.

Start savingSee all rates

12%a year, and you can still reach it

12%
a year
₦500
to start
4
free withdrawals a month
Same day
to any Nigerian bank

Work it out

See exactly what you will get back

After tax, not before it. Change the amount or the term and the figure moves with you.

Hundred thousands

One hundred thousand naira

For how long?

What you get back

₦110,800

after 12 months, at 12% a year

Amount you save
₦100,000
Interest earned
₦12,000
Withholding tax at 10%
-₦1,200

Simple interest at 12% a year, worked out on your daily balance, less the 10% withholding tax the law requires us to deduct on interest.

Start this plan

Saving ₦100,000 in Flex Savings for 12 months earns ₦10,800 after tax, giving ₦110,800 back.

How it works

How Flex Savings works

Four steps at the most, and none of them involves a branch.

  1. 1

    Put money in whenever you have it

    From ₦500. Transfer it in, or set an amount to move automatically on the day you get paid.

  2. 2

    Interest is worked out every day

    On whatever the balance is that day. Add money on the 14th and it starts earning on the 14th.

  3. 3

    Take it out when you need it

    Four withdrawals a month at no charge, arriving in any Nigerian bank account the same day.

In the app

This is Flex Savings, as you will actually see it

Not a screenshot. Everything in this phone is the same code the app is built from, drawn live in your browser.

Get the appStart saving

Flex Savings

Saved so far
₦1,284,500

+₦12,845 interest in July

Rate12% a year
Next interest1 September
Withdrawals used1 of 4 this month
Free until the fifth, then ₦50 each

What you need

  • Your BVN.
  • A photo of a valid ID — NIN slip, driver’s licence, voter’s card or passport.
  • A phone number registered in your name.
  • A selfie, taken in the app.

Every deposit with us is insured by the NDIC. You do not apply for that cover and you are not charged for it.

Start saving

Rates and limits

Interest
Daily accrual, paid monthly
12% p.a.
Minimum to open
₦500
Withholding tax on interest
Statutory. Deducted before payment
10%

What it costs

Opening and running the plan
Free
First four withdrawals each month
Free
Fifth withdrawal onwards
Per withdrawal, in the same month
₦50
Breaking the plan
There is nothing to break
Not applicable

Questions

The things people ask before they start

If yours is not here, call us on the number at the bottom of this page and a person will answer.

It is insured. CitadeleCapitals is licensed by the Central Bank of Nigeria and every deposit is covered by the Nigeria Deposit Insurance Corporation, up to the NDIC limit for microfinance banks. The cover is automatic — you do not apply for it and you are not charged for it.

To a Citadele account, instantly. To another Nigerian bank, usually under two minutes and always the same working day. If it has not arrived in an hour, we refund the transfer fee without being asked.

On the first working day of the month, into the same plan that earned it, so it starts earning too. Your statement shows the daily balance each day’s interest was worked out on.

No. You keep everything already earned. Only the money you take out stops earning, and only from the day you take it.

People also look at

Fixed Savings

Lock an amount for a term you choose and earn the most we pay.

Up to 22%a year, on a 365-day term

Learn more about Fixed Savings

Target Savings

Name what you are saving for, set the date, and we do the rest.

16%a year, until the date you set

Learn more about Target Savings

Savings-Backed Loan

Borrow against what you have saved without breaking it.

3.5%a month, and your savings keep earning

Learn more about Savings-Backed Loan

Licensed by the CBN · Deposits insured by NDIC

Open Flex Savings in five minutes, on your phone.

Your BVN, a photo of your ID and a selfie. No branch, no forms, no minimum deposit.

Start savingTalk to someone first