Why do you save? It’s a simple question, but chances are your answer falls into one of these three categories: saving for interest, planning for the future, or preparing for those inevitable rainy days.
Whatever your reason, it’s valid and it underscores the importance of having a savings plan in place.
Growing up, many of us, especially those raised in African households, were taught the value of saving early on. Whether it was using piggy banks (locally known as “kolo”) or entrusting our savings to our parents, the concept was clear: save now, benefit later. You’d ask your parents for something, and they’d remind you that the money would come from the funds you saved with them, reinforcing the idea of saving for future needs or unexpected expenses.
As we get older, we realize there are institutions designed to help us save better. No more hiding cash in a kolo that might get ruined by humidity or, worse, eaten by a rat. Instead, you can entrust your money to a bank and the best part? You can actually earn money on your savings, known as interest.
Banks and financial institutions offer a variety of savings options, each tailored to different needs, but all aimed at maximizing your savings potential. This is where UCEE Microfinance Bank comes in.
UCEE is a digital-first microfinance bank that redefines banking beyond just transactions. With a focus on financial inclusion, UCEE is committed to being your everyday financial partner, as reflected in its tagline, “Here for you.” UCEE offers three key services: savings, loans, and easy bill payments.
Let’s dive back into savings and explore how UCEE supports your saving strategies, whether you’re saving for interest, the future, or those rainy days. UCEE offers two main savings products: UCEE Marcus and UCEE Galaxy.
UCEE Marcus is a personalized savings plan that helps you set aside money regularly for a specific goal(it could be money for your next house rent, your next hangout with your besties, or a wedding gift for a friend!), this savings plan offers a 14% interest rate on your savings. Whether you’re saving for a future target, to earn interest, or for emergencies, UCEE Marcus has you covered.
UCEE Galaxy, on the other hand, is a flexible savings plan that lets you either lock your funds for a higher return of 12% or keep them accessible while still earning a solid 10% return.
With UCEE, no matter your savings strategy, you can stay rest assured that UCEE truly has your back, living up to the promise of being “Here for you.”
Ready to start saving? Open a UCEE account today by visiting getucee.com or downloading the UCEE app here!
About United Capital Group
United Capital Group remains a leader in the financial and investment services space, offering a robust suite of service offerings across Investment Banking, Asset Management, Trusteeship, Securities Trading, Wealth Management, and Consumer Finance. The group aims to transform the African continent by providing innovative and creative investment management solutions to governments, companies, and individuals.
The group is listed on the Nigerian Exchange Limited (NGX) and is at the forefront of becoming the epitome of financial and investment excellence across Africa by leveraging on innovation, technology, and specialist investment skills to exceed client expectations, while creating enhanced value for all stakeholders.
About UCEE MICROFINANCE BANK
UCEE is a digital-first microfinance bank emerging from the strength of Africa’s leading investment management and financial services group, United Capital Plc. It aims to democratize access to credit and innovative banking solutions.
UCEE adopts a cutting-edge hybrid banking model integrating the state-of-the-art technology, seamlessness, and flexibility of a neo bank with the time-tested, and durable operational infrastructure of a traditional bank. Under this flexible model, its customers enjoy unparalleled financial solutions with the freedom to bank on their own terms.
The company is fully licensed by the Central Bank of Nigeria (CBN) with deposits insured with the Nigeria Deposit Insurance Corporation (NDIC).
