PennyTree is a savings, payments and lifestyle gamified super application that helps users keep up with their savings habit and make payment (airtime, and bills). There are no hidden charges for transferring money and recurring debit towards saving on PennyTree.
Based on your convenience, you can decide to save daily, weekly, or monthly. You can also choose your most preferred savings plan and lock funds (Personal Vault).
We make financial discipline fun, enjoyable and easy.
You can start with any amount based on your convenience.
With PennyTree, your interest rate varies from 7%-15% per annum.
To help you achieve your dreams and live your best life, you can create as many savings plans as you want. Users are also allowed to customize their savings plan to suit their savings goals.
You can earn an interest of 3% on your Penn Wallet per annum.
You can keep your savings for a minimum of two (2) months and no maximum duration (for as long as you like)
Personal Vault is a savings feature on PennyTree that allows you to lock your funds for a specific period of time. Note that there is no recurring savings amount on this feature. Your funds are locked and grow based on the set duration.
You can lock your funds in your Personal Vault for a minimum of three months and no maximum duration.
PennyTree is on a mission to make financial discipline easy and fun - you are allowed to create and own multiple vaults i.e there are no limits to the number of vaults you can own.
No you can’t! Your user ID is your unique identification code that allows another PennyTree user transfer funds to your account.
Your user ID can be found on your account profile. Copy and Share!
No you can’t! On PennyTree, you can only withdraw your savings to your personal accounts already linked to your BVN and saved on your PennyTree account. This is done to ensure maximum security.