Bolingo Lock Savings
Fill Subscription Form A unique saving solution designed for daily earners to accumulate and grow money.
Our Solution
Save small-small, Get business finance, Earn up to 25% returns on your savings.
Lock Savings by Bolingo is a purpose-driven, high-yield savings solution designed for Nigeria’s daily earners, market women, artisans, riders and other informal sector workers, who want to cultivate a consistent savings habit, earn attractive interest on their deposits, and ultimately gain access to growth capital.
With Lock Savings, you commit to saving a minimum of ₦1,000 daily over a fixed duration of 90 days, 180 days, or 365 days. Your funds are locked, helping you resist the urge to withdraw prematurely. At maturity, you receive your full savings plus up to 25% annual interest, straight to your bank account.
How It Works (Step-by-Step)
1. Get Your Lock Savings Card
To begin, you’ll need a Bolingo Lock Savings Card or the Bolingo Mobile app, which acts as your daily savings tracker.
You can:
- Obtain one from a certified Bolingo agent operating in your market, community, or area of business.
- Or download the digital version from our official website or mobile app.
Once you receive your card, you’ll choose a savings tenure:
- 90 Days (3 months)
- 180 Days (6 months)
- 365 Days (12 months)
Each plan offers graduated interest rates, with the highest rewards reserved for those who commit long-term.
2. Start Saving Daily with a Minimum of ₦1,000
Once activated, begin making daily contributions of at least ₦1,000. You can pay through two flexible methods:
- Through an Accredited Agent:
Hand over your daily savings to an agent. Your Lock Savings Card will be marked instantly as proof of deposit.
- Via Direct Bank Transfer:
Prefer going digital? Transfer your savings to your unique Lock Savings account number, and receive:
- Real-time SMS confirmation of each contribution
- Automatic marking of your card (digital or physical)
You can save more than ₦1,000 a day if you choose, the more you save, the more you earn in interest!
3. Join the Lock Savings Community
As soon as your savings plan is activated, you’ll gain automatic access to our official WhatsApp group for savers. Here’s what you get:
- Financial literacy tips to help you grow beyond saving
- Real-time updates on your plan and promotions
- Support & encouragement from fellow savers
- Exclusive giveaways and rewards
Our community is your digital support system, we grow better, together.
4. Enjoy Your Returns at Maturity
When your plan reaches the selected maturity date:
- Your total savings + accrued interest will be sent to your registered bank account immediately
- No paperwork, no back-and-forth, no hidden fees
We believe in radical transparency and trust, your money is safe and your growth is guaranteed.
Features and Benefits
- Locked Funds: Keeps your money safe and untouchable until maturity.
- Daily Contributions: Designed to fit the earning patterns of daily income workers.
- High Returns: Earn up to 25% per annum interest on your savings.
- Community Support: Stay motivated and financially educated.
- Easy Access: Physical card and digital platform support.
- Business Funding Access: Qualify for loans up to ₦3 million for your business.
Bonus Opportunity
Bolingo doesn’t just help you save, we help you scale your business and help you prosper. As a loyal Lock Savings subscriber, you will become eligible to apply for business funding of up to ₦3 million. Your consistent savings history, repayment discipline and active participation in our ecosystem all contribute to your qualification.
Top 10 FAQs on Lock Savings
Lock savings is a type of savings that restricts access to your funds for a set period, helping you avoid the temptation to spend it before
the lock-in period ends.
You will earn up to 30% interest per annum, which is much higher than what a regular savings account offers in Nigeria. Plus, you will automatically qualify for low-interest business loans.
Yes. You can transfer your daily savings to our designated bank account and share your proof of payment via WhatsApp: 07036201650.
This lock savings initiative is for PoS agents, market vendors, bike/keke riders, food sellers, traders or anyone in the informal sector with a steady cash flow.
Yes. You can indicate that you would like to move the lump sum of whatever you saved over 90, 180, or 365 days into Bolingo Fixed Savings to earn a fixed return on your savings.
Yes. You can save lock ₦2,000, ₦5,000, ₦10,000 and so on daily. We advice you choose an amount you can comfortably lock-save on a daily basis.
No. Your daily locked savings are locked for a specific period based on your chosen savings tenure. You can only withdraw at maturity to enjoy the full benefits.
Yes. You can sign up for multiple plans. You will be given one Daily Lock Savings Card per savings type. The card will help you track your lock savings manually.
Yes. Any Lock Savings subscriber can refer daily earners to subscribe to Boligo Lock Savings. You will earn ₦500 for every subscriber you refer. Your reward will be withdrawable as soon as your referee saves for the first 30 days.
Contact Emmanuella via Call or WhatsApp on: 07036201650. All subscribers will be added to a WhatsApp group for easy communication.
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