How can I invest in high interest savings account using Optimus by Afrinvest

 

1. Understanding Optimus and Its Savings Products

 

What is Optimus by Afrinvest?

Optimus is a financial app and platform created by Afrinvest Asset Management, a licensed investment firm in Nigeria, with nearly 30 years in the financial services industry  .

 

Key Savings Options or features you will see there.

1.OptiFlex for flexible savings with quick access

 2.OptiLock for longer-term goals and higher interest.

3.Mutual Funds for diversified investing

4.Trade US stocks

5.Buy bonds/T-Bills for fixed-income stability.

 

   But here we are explaining two because they are considered high interest savings account (OptiFlex and OptiLock)

1. OptiFlex: A flexible savings account that typically pays up to ~13–15% per year for Naira, and ~3% for Dollar. You can add or withdraw funds anytime with minimal restrictions.

2.OptiLock: A fixed-term savings plan (lock-in) paying up to ~13% for Naira and 5% for Dollar investments, depending on how long you lock your funds (2 months to 2 years)  .

 

These are considered "high interest" in Nigeria due to their notably higher yields compared to conventional bank accounts.

 

. Step-by-Step Steps to Invest

Step 1: Download the Optimus App or Visit Website

                      OR

Go to optimus.ng or download from Google Play / App Store  .

 

Step 2: Sign Up & Complete KYC

1. Sign up: Provide email, phone number, and create a password (takes ~3 minutes) 

2. KYC requirements: Upload your BVN and valid ID, proof of address, selfie, and next-of-kin info  .

3. Once approved, you can start funding your account.

 

Step 3: Fund Your Wallet

Naira deposits: Via bank transfer or debit card; funds reflect in <5 minutes  .

Dollar deposits: Usually take 24–48 hours 

You can fund via Western Union if abroad, taking ~48 working hours to show up  .

 

Step 4: Select Your Savings Plan

Choose between OptiFlex or OptiLock in Naira or Dollar currency.

 

—For  OptiFlex

You can add funds anytime.

Earn daily interest, credited monthly.

You can withdraw ~4–5 times a month with no penalty  .

Naira yield is around 13–15% p.a.; Dollar yield ~3% p.a.  .

 

 

—For  OptiLock

Lock in a lump sum for 2 months to up to 2 years.

Yields depend on lock period; typically up to 13% - 20%Naira, 5% -7% Dollar.

Best suited for specific goals or disciplined savings  .

 

Step 5: Monitor Your Earnings

1.Interest accrues daily and is visible in real-time on the app dashboard  .

2.View earnings, withdrawal options, and transaction history in the wallet section  .

 

Step 6: Withdraw or Reinforce Savings

For OptiFlex: Withdraw up to every 12 hours, up to ~4–5 times monthly  .

 

For OptiLock: Withdraw after the agreed term.

Funds can be moved to your linked bank account anytime  .

Step 7: Scale Up or Diversify

Optimus also offers:

Mutual funds (both Naira and Dollar).

US stocks trading (via DriveWealth integration)  .

You can move funds from your savings plans into these investment avenues.

 

. Frequently Asked Questions (FAQs)

 

1. What is the minimum amount to start?

You can start with as little as ₦1,000 in any high-yield plan  .

 

2. How long does verification (KYC) take?

Usually near-instant, but contact support if delayed. App shows KYC status and allows uploading via the 'KYC' box under your balance  .

 

3. How long before my money shows up?

Naira: Less than 5 minutes.

Dollar: Up to 48 hours.

Western Union: ~48 working hours  .

 

4. Can I withdraw anytime?

OptiFlex: Withdraw ~4–5 times monthly, every 12 hrs.

OptiLock: Withdraw after maturity.

Yes, you can withdraw all your funds anytime in OptiFlex  .

 

5. What interest rates are offered?

OptiFlex Naira: Up to 15% p.a.; Dollar: ~3% p.a.

OptiLock Naira: Up to 13% p.a.; Dollar: ~5% p.a.

These may vary over time  .

 

6. Are my funds safe?

Yes. Funds are managed by Afrinvest Asset Management Ltd, licensed portfolio managers regulated by Nigeria’s SEC  .

 

7. Age restrictions?

You must be at least 18 years old to open an account. For minors, contact support  .

 

8. What debit cards can I use?

You can use all Nigerian bank cards except Verve. Dollar debit cards are accepted too  .

 

9. It shows an error or funds aren’t reflecting—what do I do?

If deposit doesn’t show after 24 hours, reach out to support@optimus.ng or call +234 20 1631 2940  .

 

10. Can I open multiple plans?

Absolutely. You can create multiple OptiFlex and OptiLock plans to meet different savings goals  .

 

4. Pro Tips for Smarter Use

Combine plans: Use OptiFlex for emergencies and OptiLock for long-term goals  .

Track interest: Monitor daily accruals to understand how compounding boosts earnings.

Stay informed: Interest rates change; re-lock funds at maturity if better rates are offered.

 

          Conclusion:

Optimus’ savings options offer significantly higher returns compared to traditional Nigerian banks, making them ideal to combat inflation and grow your cash faster. With both flexible and locked-in options, you're in control of liquidity and yields.