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ndovu Sure Save

ndovu Sure

The sure way to Save

What type of investor are you?

Simply answer a few questions about you & your financial goals

How it works

We provide you with a simple way to begin your savings journey!

With ndovu Sure Save, you get the opportunity to save for your special goals while earning interest.

ndovu Sure Supreme

  • Earn 7%* interest per year, tax-free, with as little as Ksh. 200 in savings.
  • Interest is earned on the deposit after a 6 month period.
  • The money can be withdrawn at any point in time.
  • The interest is foregone if the money is withdrawn before the end of the 6 month period.
  • Your principal savings is protected.  

ndovu Sure

Flexi

  • Earn 5.5%* interest per year, tax-free, with as little as Ksh. 200 in savings.
  • Interest is earned on the deposit after a 3 month period.
  • The money can be withdrawn at any point in time.
  • The interest is foregone if the money is withdrawn before the end of the 3 month period.  
  • Your principal savings is protected.

Saving made Superior!

  • Save from as little as Ksh. 200
  • Competitive Interest Rates
  • No charges
  • Tax-free earnings
  • Convenient deposits
  • Flexible withdrawals

Sit back, relax & watch your savings grow.

Lean on a team of experts

  • Honest
    Ndovu operates to the highest financial trustworthiness standards.
  • Human
    We have loads of tech. We also have smart caring people who will make sure you understand exactly what our recommendations are.
  • Experienced
    We have over 30 years combined experience in Kenyan, regional and international finance.

We keep your money safe

Your peace of mind is our highest priority.

  • Regulated
    Our operations are overseen by the sector regulators: The Capital Markets Authority and the Institute of Certified Investment and Financial Analysts. 
  • Bank-Level Security
    We use secure servers backed up by physical security. We adhere to security industry standards & have ultra-strict internal policies to ensure the highest level of safety.
  • Everything is encrypted
    We use state-of-the-art data encryption when handling your financial information & two-factor authentication (2FA) protection.
  • Custodian
    Your funds are held separately from our operations in custodial accounts to keep them secure from any eventualities.

FAQs


  • What is ndovu Sure save?

    ndovu Sure save is a savings product that offers a fixed return of 7% and 5.5% per year, tax free for ndovu Sure Supreme and ndovu Sure Flexi respectively. 

    1. ndovu Sure Supreme offers 7% p.a. tax -free. Interest is earned on the deposit after a 6 month period. The money can be withdrawn at any point in time. The interest is foregone if the money is withdrawn before the 6 month period.  
    2. ndovu Sure Flexi offers 5.5% p.a. tax-free. Interest is earned on the deposit after a 3 month period. The money can be withdrawn at any point in time. The interest is foregone if the money is withdrawn before the 3 month period.
  • Is there a fixed return on savings?

    Yes, ndovu Sure save offers a fixed return of 7% and 5.5% per year, tax-free for ndovu Sure Supreme and ndovu Sure Flexi respectively. 

  • How does it work?

    ndovu Sure save helps you manage your savings by allowing you to save regularly to earn an interest of  7% or 5.5% per year tax-free. Simply sign-up on ndovu or log in to your ndovu account. Select ndovu Sure save. Create your Saving goal. Select ‘Save’. Confirm the amount.  The money starts earning interest within 24 hours. There are no withdrawal charges or lock up. 

  • Who is eligible to use ndovu Sure save?

    For regulatory reasons,  we cannot accept U.S. citizens. We, however, welcome other nationalities, subject to the provision of acceptable Know Your Customer (KYC) documentation. Here is a breakdown of the nationalities we accept – List of Eligible Countries

  • Why should I save with ndovu Sure save?

    ndovu Sure save provides a simple way to begin your savings journey. Our competitive interest rates allow you to sit back and let your hard earned money work for you. 

    ndovu Sure save benefits;

    • Attractive Fixed Return 7% and 5.5% return per year
    • Tax-free – no withholding tax 
    • Zero fees 
    • Easy access 
    • Save from as little as Ksh. 200
  • How does it compare to saving in a bank?
    Bank  ndovu Sure
    Amount you save Ksh 20,000 Ksh 20,000
    Fixed Return p.a.  3.5%-4% 7%
    Tax  15% on interest nil
    End Year Earnings  Ksh 20,680 Ksh 21,400
  • How does my money grow?

    If you save Ksh 20,000 over a one year period with ndovu Sure Supreme – 7% per year.

    Month 1  Month 2 Month 3 Month 6 Month 12
    Interest Earned Ksh 116.67 Ksh 116.67 Ksh 116.67 Ksh 350 Ksh 700
    Tax nil nil nil nil nil
    Fees nil nil nil nil nil
    Total Savings  Ksh 20,116 Ksh 20,233 Ksh 20,350 Ksh 20,700 Ksh 21,400
  • Is ndovu regulated?

    Yes, ndovu is an online platform owned and run by Waanzilishi Capital Limited. Waanzilishi is regulated by the Capital Markets Authority of Kenya as a fund manager, The institute of Certified Investment and Financial Analysts as an investment Advisor and by the Communication Authority as a Business processing firm.

  • Is my money safe?

    Your peace of mind is our highest priority. We’re committed to protecting your account with the highest standards of security available.

    • Regulation – ndovu adheres to high standards of compliance and business conduct in each country of operation.
    • Military-level Security – We use secure servers and privacy verified by physical security. We adhere to industry standards and have strict internal policies to ensure the highest level of safety.
    • Everything is encrypted – We use state-of-the-art data encryption when handling your financial information and two-factor authentication (2FA) protection.
  • Where does my money sit?

    Your money and assets sit in a bank account.  Your money is kept entirely separate from any company finances and is held in a regulated custody bank.

  • Are there any charges charged when saving?

    No. The save product has no charges.

  • What is the minimum deposit amount?

    The minimum deposit amount is Ksh 200.

  • What are the monthly minimum contributions?

    There are NO monthly or quarterly contribution requirements. We, however, encourage you to save regularly to build up significant value in your portfolio.

  • How long does it take for my order to be processed/account to be reflected?

    It takes 24 hours for the deposit to reflect in your account. 

  • I deposited money but there is no progress on my account?

    Please ensure you have provided the requested customer identification documents.  If these have not been provides, your deposit will remain pending.

  • What is the minimum withdrawal amount?

    The minimum withdrawal amount is Ksh 200.

  • Am I charged for withdrawing?

    No, there is no withdrawal fee. We, however, reserve the right to levy appropriate charges should the need arise.

  • How do I withdraw my savings?

    Simply log in to your account. Select ndovu Sure save.  Select ‘withdraw’. Confirm the amount.  The money will be in your account within 3 business days.

  • Can I withdraw some of my savings?

    Yes, you can withdraw some of your savings. However, there is a minimum withdrawal amount of Ksh 200.  

  • Where will my withdrawal proceeds be paid?

    In compliance with the Prevention of Money Laundering Law, the amount that you withdraw will be paid back to its original source i.e. if you invested via mobile money, the proceeds will be paid back to the same mobile money account. 

    In addition, the withdrawal will be paid back in the original investment currency i.e. if you invested in Kenyan Shillings, the refund will be in Kenyan Shillings.

  • I deposited money for the save product but I cannot see it in my portfolio. What’s going on?

    Access to the platform requires the use of a steady internet connection. At times, you may be located in places with poor connectivity. This may create challenges in order placement.

    Should you experience this problem, immediately email support@ndovu.co.

  • What happens when I want my money?

    You enjoy full liquidity. This means that you can withdraw your funds whenever you like. There is no lock up period, however interest is only earned if the money is held in the account for a 3 or 6 month period. *Processing time is 3 business days in line with industry standards.

  • What happens if I want to close my account or withdraw funds?

    You can close your account and withdraw all your savings at anytime. 

  • Can I cancel an accidental deposit or withdrawal?

    No. An accidental deposit/withdrawal can not be cancelled. The deposit or withdrawal will be completed as placed. You can correct your action once the process has been completed.

  • Will I be getting a financial statement?

    The product is designed to provide historic and present financial information. Thus no financial statement is provided. 

  • What documents are required when opening an account?

    All customers must be at least 18 years of age. A copy of your ID is to be uploaded and KRA PIN number to be provided when creating an account. We may require other information but you will be notified when the need arises.