Schoolable helps you save seamlessly towards your kid's education. Schoolable takes away the stress and planning required to save for school fees through it's automated and easy to use platform. Your savings on Schoolable also earns you an interest of 8%.
Schoolable is suitable for anyone who:
Any debit card issued by a Nigerian bank can be used on Schoolable.
Your security is our only priority. Your card details are extremely safe as they are never stored on Schoolable. We work with a PCIDSS-compliant payment processor, Rave (Flutterwave) to handle your card details.
All saved funds are warehoused with and managed by , the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC).
No, everything is done automatically except you want to use the Save now option. All transactions on your debit card will be visible in your dashboard.
We will send an email receipt to you every single time you save with your debit card and your bank will also send you an alert. It's 100% secure.
You can start saving on any of our saving plans with as low as ₦100 (One Hundred Naira) and we do not have an upper limit on any of our saving plans.
Periodic plans: On these plans, you can save daily, weekly or monthly for at least 3 months. You only need to specify this one and Schoolable ensures money is saved automatically on on specific day into your Schoolable account. Our periodic plans include the baby bloomer savings plan, the termly tuition savings plan, and the secondary school savings plan.
Save As You Earn: Unlike the periodic plan, these are topped up manually. If your income flow is irregular, such that you find it hard to keep up with automated savings, this will work perfectly for you. Our trust fund is a save as you earn plan.
There's no limit on the amount of saving plans you can create across our four saving plans.
The minimum duration you can keep a savings plan is 3 months and you can keep money with us as long as possible.
We offer you a minimum of 8% per annum and this return accrued to you on a daily basis.
When you save on your plan, you begin earning returns the following day and on a daily basis thereafter.
Yes, you can. We designed our dashboard to suit this particular purpose. Progress on your saving plans can be monitored on our easy-to-understand dashboard. On our dashboard you can view the following:
Yes, you can create kids on Schoolable. This allows you to create a savings plan for each of your kids.
Adding kids on Schoolable can be done in 3 easy steps:
Yes, you can earn money when referring someone. When your referee signs up to Schoolable and save at least ₦5000 for at least a month, you will get ₦500 bonus for your referral.
Schoolable doesn't charge you. It is completely free: no SMS fees, no account maintenance fees.
When creating a plan, you set a maturity date and when the date is reached, you can withdraw some or all of your savings together with interests. If you withdraw a part, you will be required to continue the good work of building wealth by setting a new maturity date. You can decide to rollover the plan for another period or withdraw part or whole.
Withdrawing your money is quite simple and withdrawals are settled almost instantly. To initiate a withdrawal, follow these steps: