Yes! Your money is absolutely safe in FairTarget. All transactions and account management are handled using 256-bit HTTPS SSL encryption. We are licensed by the Central Bank of Nigeria (CBN), and all deposits are insured by NDIC.
You earn 16% per annum of the amount you deposit in FairTarget. This is inclusive of tax.
The key differences lie in how they function and the interest rates they offer: FairSave: You can withdraw your money anytime, as often as you like, without penalties. It offers 15% interest per annum, paid daily, allowing you to earn interest for each day your money stays in the account. FairLock: This wallet locks your money in place—you can't withdraw or add to it once it's created. You'd need to start a new FairLock for additional savings. FairLock offers between 16% to 26% interest per annum, the highest rates in Nigeria right now.