How to Make Money on Cowrywise

If you’re looking for a reliable way to make your money grow, Cowrywise is a platform that can help you do just that. It’s not about quick fixes or unrealistic returns, Cowrywise is all about steady, long-term growth.

Do you want to save money, invest in mutual funds, or take advantage of their referral program? Why not try Cowrywise? It offers several ways for you to build your wealth.

Let’s know what Cowrywise is about, so that you can decide if you can create an account with them if you don’t have one.

What is Cowrywise?

Cowrywise is a Nigerian digital bank and microfinance platform designed to make saving and investing simple. With Cowrywise, you can save money in automated savings plans, invest in mutual funds, and even earn extra through their referral program. The platform focuses on long-term growth and offers access to low-risk financial instruments, like government bonds and treasury bills, which help your money grow steadily over time.

Cowrywise isn’t a “money-doubling” scheme – it’s a legit platform that follows regulated financial processes. You can rest assured that your funds are being invested in a safe, professional way. So if you’re a beginner looking to start saving or an experienced investor, Cowrywise has something for you.

Now that you know what Cowrywise is all about, let’s head to how you can increase your finances with Cowrywise.

How to Make Money on Cowrywise

Below are different ways you can earn money on Cowrywise:

Earn Interest on Savings Plans

One of the easiest ways to make money on Cowrywise is through its automated savings plans. These plans allow you to lock away funds for a minimum of three months, and in return, you earn interest. The savings plans are designed to invest your money in low-risk assets like government bonds and treasury bills, which generate steady returns.

When you create a savings plan, your money is invested in these safe financial instruments, and you start earning interest. The best part is that the interest rate is often higher than what you’d get in a regular bank savings account. Plus, the interest is compounded, so you earn interest on both your initial deposit and any interest that accumulates.

The more you save and the longer you commit your funds, the more you can earn. By sticking with Cowrywise’s savings plans for longer periods, you can grow your money faster through compounded interest.

Invest in Mutual Funds for Higher Returns

If you’re looking to take your savings a step further, Cowrywise offers a marketplace for mutual funds. These are professionally managed investment products that pool money from multiple investors and invest it in a variety of assets like stocks, bonds, and money markets.

Cowrywise offers three types of mutual funds based on your risk tolerance, which include conservative, moderate, and aggressive. The Conservative Funds invest in low-risk assets, like money market instruments and bonds, offering fixed returns. They’re a great option if you want to minimize risk but still earn steady returns.

The Moderate & Aggressive Funds invest in higher-risk assets, like stocks, which can give you higher returns. The value of your investment grows if the price per unit of the fund increases (i.e., you buy low and sell high).

Cowrywise also offers dollar mutual funds, which allow you to invest in USD and benefit from changes in the exchange rate between the Naira and the US Dollar. This is a great option if you’re looking for a hedge against inflation or want to take advantage of a stronger dollar.

Earn Money with Cowrywise’s Referral Program

Cowrywise has a referral program that lets you earn rewards simply by inviting others to join the platform. When you refer someone, and they save or invest a certain amount, both you and the person you referred to will receive a fee waiver on an investment transaction.

When someone you refer starts saving or investing with Cowrywise (for example, by saving at least N5,000), both you and the new user get one fee waiver for an investment transaction. This waiver can help reduce the cost of your future investments.

By referring more people, you can stack up multiple fee waivers, which makes it easier to reduce your investment costs and grow your wealth over time. The referral program is a win-win for both you and your friends, you get rewarded for bringing them onto the platform, and they get access to valuable savings and investment tools.

Fixed Deposits with Flexible Terms

For those who want guaranteed returns with a bit more flexibility, Cowrywise offers fixed deposit options. These fixed-term investments allow you to lock your money for a set period and earn steady returns.

What makes Cowrywise’s fixed deposits attractive is the flexibility they offer. You can choose how long you want to lock in your funds. And if you need to withdraw your money early, Cowrywise allows for premature liquidation – meaning you can get your money back before the term ends, without losing all of your earnings.

This flexibility makes Cowrywise’s fixed deposits a good option if you’re looking for a secure investment with guaranteed returns but also want the option to access your money if needed.

Conclusion on How to Make Money on Cowrywise

Cowrywise offers a variety of ways to help you make money. You can earn through automated savings plans, mutual fund investments, or their referral program.

The platform is designed for people who want to grow their wealth over time by investing in low-risk, regulated financial products.

So, if you’re ready to get started, download the Cowrywise app and start making money.