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Upcoming Change to Your USD Savings Interest
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Upcoming Change to Your USD Savings Interest

It's APR not APY

Jul 21
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Share this post
Upcoming Change to Your USD Savings Interest
remicash.substack.com

Hi there,

We would like to inform you that starting from August 1, 2022, our USD savings interest will be updated to 15% APR.

This means, that once the change is effected, the current 3% monthly interest on USD will no longer be applicable and you will start earning 1.25% per month.

This Change is due to the extremely high inflation rate and the global economic downturn.

The Interest on NGN savings still remains at 10% per annum. Bitcoin cashback is still at 3%.

Change is scheduled to take effect on August 1, 2022.

Thanks for using Remicash.

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Upcoming Change to Your USD Savings Interest
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