Most people don’t have a savings problem. They have a spending problem.

It’s easy to move money to your savings account, but even easier to move it right back when temptation hits. That’s why many Nigerians struggle to build a solid financial cushion, even when they earn a sufficient income.

But what if you could remove the temptation altogether?

Enter Nearpays Safelock.

This feature allows you to save your money and keep it there until a date you choose. It’s simple. It’s secure. And it’s the savings discipline tool you didn’t know you needed.

Let’s show you how it works and why it’s a smart move for your money.

What is Nearpays Safelock?

Safelock is a fixed savings feature on the Nearpays app that allows you to lock your funds for a specific period. Once locked, you can’t touch it until the time is up—no withdrawals, no excuses.

You can lock funds in naira or dollars, depending on your savings goal.

It’s perfect for:

• Salary earners trying to save for rent or school fees
• Freelancers with irregular income
• Business owners who want to keep profits out of reach
• Anyone saving for a big goal or an emergency fund

How to Lock Funds Using Nearpays

The process takes less than 2 minutes. Here’s how:

1. Log in to the Nearpays app — (Download on Android or iOS if you haven’t yet.)
2. Tap on “Savings” on your dashboard
3. Click “Create a Safelock.”
4. Choose your preferred currency — Naira or Dollar
5. Set your lock duration — Minimum is 1 month
6. Enter the amount you want to lock
7. Confirm and lock your funds

That’s it. You’re done. Your funds will be locked until the date you selected, and you’ll earn interest while it sits tight.

Why Use Safelock?

Let’s break down the benefits:

• Discipline: It’s a tool that helps you save without dipping into your stash halfway.
• High returns: Earn up to 24% interest per year (terms apply).
• Flexibility: Lock money for 1 month or 12 months—your choice.
• Dual currency: Choose to save in Naira or Dollars, depending on your needs.
• Peace of mind: Your money is safe, and you’re in full control.

Who is Safelock for?

Safelock isn’t just for big savers. It’s for:

• Students who want to save their allowance
• Young professionals planning for December travel
• Side hustlers trying to set aside business profit
• Parents, saving for school term fees

Anyone who wants to save without touching the money.

Final Thoughts

Saving is easy when you take the choice away.

With Nearpays Safelock, you set the rules, walk away, and let your money grow in peace. No second-guessing. No backtracking. Just results.

So, what are you saving for? Rent? Travel? A new laptop? Try locking a little this month—and see how good it feels when your goal is within reach.

Start now. Log in to the Nearpays app and create your first Safelock today.