How do I start saving?
Go to Savings > Create Goal. Set a target amount, choose a duration, and fund it from your Cashmatrix wallet. You can set up daily, weekly, or monthly...
Last updated August 5, 2026
Starting a savings goal on Cashmatrix is simple and earns you competitive interest.
How to create a savings goal
- Open the app and go to Savings.
- Tap Create Goal.
- Enter a name for your goal (e.g., "Rent", "Vacation", "Emergency Fund").
- Set a target amount.
- Choose a duration (30, 60, 90, 180, or 365 days).
- Set up auto-debit (optional):
- Choose frequency: daily, weekly, or monthly
- Set the amount to debit each time
- Confirm with your PIN.
Funding your goal
- Manual: Tap Fund and enter the amount to transfer from your wallet.
- Auto-debit: The app automatically debits your wallet on the scheduled dates.
Interest rates
| Duration | Interest rate (p.a.) |
|----------|---------------------|
| 30 days | 8% |
| 60 days | 10% |
| 90 days | 12% |
| 180 days | 14% |
| 365 days | 15% |
Interest is calculated daily and credited at the end of the savings period.
Tip: Longer durations earn higher interest. Consider a 90-day or 180-day goal for better returns.
Need a hand? Email hello@cashmatrix.ng.