For most of us, our year begins with some grand savings plan.
After a few unexpected bills in March, your savings plan is looking for its own savings.
If this sounds familiar, welcome. You are among friends.
The problem is not always that we do not earn enough to save. Sometimes, the money simply has too many places to go before we remember where we wanted it to go.
Give Your Money an Assignment
Saving becomes easier when it has a purpose.
Maybe you want to pay your rent without entering emergency mode. Perhaps you are planning a holiday, preparing for school fees or trying to build an emergency fund.
Whatever the goal, keeping the money separate from your everyday spending can help you stay focused.
That is where a little structure comes in.
Small Money, Serious Plans
You do not have to wait until you have millions before you start building towards something meaningful.
With Sterling’s Recurring Deposit Account (SRDA), you can save towards a specific goal through regular contributions.
The Naira account starts at ₦5,000 monthly, with tenors ranging from six months to five years. The account also offers interest, subject to applicable rates and terms.
Prefer saving in foreign currency? The FCY option supports dollar, euro and pound savings, with a minimum monthly contribution of $200, €200 or £200, respectively.
The idea is simple: give your money a destination and keep showing up for the plan.
Consistency Can Have Its Perks
There is another reason to take your savings habit seriously.
Eligible SRDA customers stand a chance to win cash rewards of up to ₦1 million through Sterling’s savings rewards programme.
Qualification criteria apply, including growing your balance by at least ₦250,000 within six months, saving consistently for at least three months and keeping the account active and funded.
Of course, the reward is a bonus, not the plan itself. Your financial goal should still make sense even if you do not win.
Start Before “Detty December”
Your future plans deserve more than a conversation you have with yourself every January.
Whether it is rent, travel, a new car or simply having money available when life decides to surprise you, start with a goal you can work towards and an amount you can sustain.
Explore Sterling’s Recurring Deposit Account and put some structure behind your savings.
