• Thursday, April 18, 2024
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How real is a near 20% interest on fixed deposit investments in Nigeria?

Is Sofri’s 18% interest on investments a reality?

Today’s Nigeria is littered with lots of investment opportunities – and scams – with everyone scrambling to get returns on their capital. A good number of Nigerians are throwing caution to the wind and investing without proper due diligence and information about the company and its claims.

It was necessary to avail an independent opinion to the public, principally as inflation reached a four-year high in March 2021 (it eased to 17.93% in May). March inflation is the seventh-highest inflation rate in Sub-Saharan Africa. From a demand-side perspective, expectations of a rise in inflation have been factored into investment and consumption decisions.

Sofri, the digital banking subsidiary of a developmental investment institution, DLM Capital Group, is dangling an annual 18 percent interest on investment to Nigerians. Sofri postulates that its investments are reliable fixed income deposits that are guaranteed to offer good returns. How true can this be? Should you invest or not? Will this be a case of “What I ordered vs What I got”?

Here are top reasons to guide your decision to invest or not with Bank Sofri?

Sofri’s parent company is DLM Capital Group, one of the leading and credible investment institutions in Nigeria. This proves that you are sure your money is going to the right place.

Secondly, Sofri was born out of the passion to create innovative solutions to ease the financial journey of Nigerians. It is also powered by Links Microfinance Bank which is insured by the NDIC and regulated by CBN.

Read Also: 5 investment opportunities you can tap with N5,000 or less

Another factor to consider is the fact that Sofri offers flexible tenors and periodic interest payouts, ranging from 3 to 12 months.

Sofri’s fourth differentiating factor is its multi deposit feature which allows investors to ladder their investments with different maturity dates and tenors. This means that an individual investor can own multiple fixed deposits with the digital bank.

The last but not the least factor is the fact that, from commencement to payouts, the entire Sofri process is seamless and online. Also, its auto-renewal option allows investors to reinvest their capital for the same period and interest rate.

How investors can tap into Sofri

Go to www.SofriSofri.com/invest, choose how much and how long you want to invest, upload identification details, start the countdown process to earning returns, call 01 515 1119 to speak to an online representative for more enquiries and follow @BankSofri on all social media pages to stay updated on all solutions and services.