Customers who save consistently through M-Shwari Lock Savings have a chance to win cash prizes of up to KES 50,000 in the ongoing M-Shwari Smart Savers Campaign.
For most individuals, saving often seems secondary to the basic requirements. Although saving money is usually the desired course of action for most people, consistency can be quite hard at times when unexpected expenses arise.
This is where the Lock Savings of M-Shwari comes in. The feature is meant to assist clients in sticking to their saving plans through locking their money for a certain period, thus eliminating the urge to withdraw the cash prematurely.
Unlike regular savings, locked savings remain untouched until the selected period ends. During that time, the savings continue to earn interest, allowing customers to work towards their financial goals while growing their money.
Whatever it may be, be it school fees, starting up a business, buying a house or saving for the future, having a constant saving plan can be helpful.
Save Consistently and Stand to Win
The M-Shwari Smart Savers Campaign is live and it is rewarding customers who save consistently with cash prizes of up to KES 50,000.
To qualify, customers can:
- Save consistently at least once every week for 12 weeks
- Set a savings target in Lock Savings and achieve it; or
- Emerge as one of the highest savers during the campaign.
Eligible customers stand a chance to win cash prizes ranging from KES 2,000 to KES 50,000, in line with the campaign terms and conditions.
Getting Started
Opening a Lock Savings account takes only a few steps:
- Open M-Pesa.
- Select M-Shwari.
- Choose Lock Savings.
- Decide how much to save.
- Set your savings period and confirm.
Once the savings are locked, customers can continue working towards their chosen financial goals throughout the selected period.
Build the Habit
Saving does not always begin with a large amount. Starting with an amount you are comfortable setting aside and saving consistently over time can help build a lasting financial habit.
With the M-Shwari Smart Savers Campaign now underway, customers who qualify under the campaign rules have an opportunity to grow their savings while standing a chance to win cash prizes of up to KES 50,000.
