Lock it. Let it grow.
Fixed deposit for people who save daily.
Park a lump sum for 3, 6, 9 or 12 months and earn a big return, paid at maturity. No Stories!
Why WealthPot
For money you don't need right now.
A deliberate lock, a rate you agree up front, and custody you can point to.
A fixed rate, known in advance
You see the exact rate, the exact maturity date and the exact payout before you confirm. No market guessing, no moving target.
You can't spend it by accident
That is the whole point. Once the pot locks, the money is out of reach until maturity — safe from impulse and from small emergencies that aren't really emergencies.
Custodied with a partner bank
Funds sit with a partner bank under MamaSave Eliozu Multipurpose Co-operative Society Limited (MamaSave Cooperative Ltd), separate from the software company that runs the app.
Works with your Daily Savings
Roll a Daily Savings payout straight into a pot on Day 30 so your money keeps earning without sitting idle in between.
How it works
Four steps from lump sum to payout.
- 1Name
Name your pot and pick a duration
Call it what it is — School Fees 2027, Shop Expansion, Rent — then choose 3, 6, 9 or 12 months.
- 2Fund
Fund it your way
Pay in fresh capital by card, transfer or wallet, or schedule a rollover from an active Daily Savings cycle.
- 3Lock
It locks and a maturity date is set
The rate is fixed at that moment. Your dashboard shows the pot, the countdown and the projected payout.
- 4Payout
Principal plus interest on maturity
On the maturity date the full amount lands in your MamaWallet or your verified bank account, with a receipt.
Funding
Two ways to fill a pot.
Rollover from Daily Savings
AutomaticSchedule it from an active Daily Savings cycle and it activates automatically on Day 30 when your payout lands. Nothing to remember, and no gap where your money isn't earning.
Fresh capital
InstantPay in now by card, bank transfer or your MamaWallet balance. The pot locks immediately and the clock starts the same day.
Durations and returns
Longer lock, larger payout.
The rate is fixed at the moment you lock, and interest accrues pro-rata over the tenure.
| Duration | Current rate (p.a.) | Payout on ₦100,000 | Best for |
|---|---|---|---|
| 3 months | 9.0% | ₦102,250 | Near-term goals |
| 6 months | 11.5% | ₦105,750 | Half-year plans |
| 9 months | 13.5% | ₦110,125 | Session-length saving |
| 12 months | 15.0% | ₦115,000 | The headline pot |
Rates shown are the rates currently on offer and can change for new pots at any time. Once your pot locks, its rate is fixed for the full tenure.
Calculator
See what you'd earn.
Choose an amount and a duration to see your projected interest, total at maturity and exact maturity date.
For how long?
Rate applied: 15.0% per annum, fixed at the moment you lock.
Projected interest
₦75,000
Total at maturity
₦575,000
Maturity date
23 October 2027
Illustrative only. Final figures are confirmed on your locked-in receipt.
On maturity
Decide where it lands before it lands.
MamaWallet
Instant and reusable. Spend it, send it, pay bills with it, or fund a new pot the same day.
Your verified bank account
Swept to the bank account tied to your completed KYC. No other account can be nominated.
Auto-rollover
Choose to relock at maturity instead of cashing out. The new pot takes the rate offered on the relock date.
Maturity reminders
Notifications before the date so you decide in good time where the money should go.
Trust and safety
Where your locked money actually sits.
The Cooperative holds the funds
MamaSave Eliozu Multipurpose Co-operative Society Limited (MamaSave Cooperative Ltd) holds member funds. Pearl Systems Ltd provides the software only and never takes custody.
Partner bank custody
Locked capital is held in a named partner bank custody account, reconciled daily against the pot ledger.
Admin maturity sweeps
Maturity payouts run as controlled, reconciled sweeps — not ad-hoc transfers — with dual approval on the release.
A receipt for every pot
Principal, rate, tenure, start date and maturity date are printed on the lock-in receipt and stored in your app.
KYC required
You must complete KYC to lock a pot and to receive a payout to a bank account. Bank details must match your verified identity.
Full audit trail
Every deposit, accrual entry and payout is time-stamped and traceable, and can be exported on request.
Who it's for
Money with a date on it.
School fees for next session
Lock this term's surplus so it's untouched and larger when the next session opens.
Shop expansion capital
Build the stock or rent money for a bigger space without dipping into it weekly.
Rent saved a year ahead
Match a 12-month pot to your annual rent so the landlord's date never catches you.
Ceremony fund
Weddings, burials and naming ceremonies planned months out, funded without last-minute borrowing.
Emergency buffer you won't touch
A deliberate lock so the buffer is still there when a real emergency arrives.
Fees and rules
The quoted rate is what you earn.
No setup fee, no management fee, and the rules stated plainly before you lock.
No setup fee
There is no opening, management or maturity fee. The quoted rate is what you earn on your principal.
Early exit policy
A pot is meant to stay locked. If you break the lock before maturity you receive your principal back in full, but you forfeit the accrued interest for that pot, and the request is processed within 2 working days.
Minimum opening amount
₦50,000 opens a pot. There is no maximum, though very large deposits may require additional source-of-funds checks.
Tax and WHT
Where withholding tax applies to interest under Nigerian law, it is deducted at source before payout and shown as a separate line on your maturity receipt.
FAQ
Frequently asked questions.
Open your first WealthPot.
Name it, lock it, and let the maturity date do the discipline for you.
Saving daily already? Roll your payout into a pot
Funds are held by MamaSave Eliozu Multipurpose Co-operative Society Limited (MamaSave Cooperative Ltd) with a partner bank. Pearl Systems Ltd provides the technology.