Bravewood is an online investment platform created to give every Nigerian access to safe, high-yield investments regardless of their current financial status. We first launched in January 2020 and over the last three years, we have helped more than 100,000 investors grow their money with peace of mind through safe, high-returns investments.
But how does Bravewood work?
It is pretty simple. To get started, all you have to do is create a free account, invest some money, and enjoy up to 21% interest rates depending on which plan you choose.
In this article, we’ll explain the 3 different plans available on Bravewood, how to create a free account as well as everything you need to know about Bravewood.
How Does It Work?
Everyone wants their money to work for them but not everyone knows “how”. Bravewood has made investing easy. It is as simple as creating an account, funding your wallet, and going to sleep knowing that your money is growing in the background.
With Bravewood, you can invest toward your goals, and your child’s education, and secure your financial future all on one platform. We currently have 3 product offerings to help you grow your wealth:
1. Prime
Bravewood Prime is our flagship product with the most flexible withdrawal option. Prime suits investors who want to enjoy generous interest rates and still have the flexibility to withdraw from their investments once a month without any penalties.
With a minimum investment amount of ₦50,000, you can invest and enjoy up to 12% daily compound interest. You can also top-up your Prime account at any time. You can withdraw once a month with no penalty. After the first FREE withdrawal for that month, recurring withdrawals will attract a 2.5% penalty fee on your withdrawal amount.
Benefits of Prime
Safety for Your Money: We take effective steps to minimize risks and ensure that your money is safe while generating good returns.
High-Interest Rates: Earn higher interest rates compared to traditional savings accounts or other forms of investments.
Daily Compound Interest: Our unique daily compound interest model means your interest is paid daily, and you earn a higher interest today due to yesterday’s added interest.
Flexible Monthly Withdrawals: You have the flexibility to withdraw from your funds once a month without any penalty fee.
2. Child
This product helps intentional parents like you set up investment plans to fund your child’s education up to their higher education. You can also use Bravewood Child to invest towards short-term goals like school fees payment and other educational needs. It is perfect for investors looking to grow the funds set aside for their children’s current and future school fees.
The objective of the Bravewood CHILD plan is to help parents provide the best possible education for their children, so they attract a higher interest rate (about 0.50% higher) than our Bravewood PRIME.
To also ensure that parents use these funds specifically for their children’s educational needs, investors can only enjoy penalty-free withdrawals from their accounts during the school fees payment period (January 1-13, April 1-13, and September 1-13). To make withdrawals outside of this window attracts a 2.5% withdrawal fee.
Benefits of Bravewood Child
Secure Your Child’s Future: This plan allows you to multiply money set aside for your child’s education so you can have more money to help them reach their dreams.
Open Multiple Accounts: You can open separate accounts for each of your children and invest simultaneously toward their future.
Helps You Stay Disciplined: Free withdrawals only during the school resumption period to ensure that those funds are used specifically for your child’s educational costs.
Daily Compound Interest: Our unique daily compound interest model means your interest is paid daily, and you earn a higher interest today due to yesterday’s added interest.
3. Max
Our most recent product is the Bravewood MAX plan. This is perfect for investors who want to stay disciplined with their investments and enjoy higher interest rates so they can reach their financial goals faster.
With a minimum investment amount of ₦50,000, you can invest and enjoy up to 21% interest per annum. Think of it as a fixed deposit but with way better returns. You can invest towards multiple goals for fixed tenors of 90, 180, and 365 days. On maturity, your funds roll over to your Prime account.
Benefits of Bravewood MAX
Fund Safety: We take extra steps to minimize risks and still ensure generous returns on your investments.
Grow Your Money Faster: Enjoy the best and highest rates in the industry without worrying about losses.
Open Multiple Accounts: You can open as many Max accounts as you wish to have and grow your money without any limits.
Disciplined Investing: Your funds are locked to help you stay disciplined and avoid spending temptation.
Open a Bravewood Account In 60 Seconds
You can open a Bravewood account and start investing towards your financial goals using any of our above plans.
To get started, either download the Bravewood app or go to www.bravewood.ng to open a free account today.
Start Investing in Bravewood in 5 Easy Steps:
1. Log in to your BRAVEWOOD dashboard and select “Invest”.
2. Specify the amount you wish to grow.
3. Select tenor where applicable (90 days, 180 days, or 365 days)
4. Sign and click ‘complete transaction’.
5. Transfer the specified amount to the account details provided or choose to pay with your debit card.
It’s that easy! Sit back and watch your money GROW.
Bravewood is licensed and regulated by the Central Bank of Nigeria.