Saving Products Terms & Conditions

These specific terms govern participation in the various savings categories offered on Honemekpoint. By funding or activating any product plan, you agree to abide by these operating rules.

1. Daily Savings (Ajo / Contribution Scheme)

• Designed for regular micro-contributors, allowing automated or manual daily payments.
• Withdrawals and payouts are structured according to agreed cycle durations (e.g., 30-day loops).
• Missed daily cycles may shift payout dates correspondingly unless covered via account buffers.

2. Target Savings

• Enables users to save toward specific personal milestones (e.g., rent, school fees, business projects).
• Funds are locked until the user-defined target date is reached to encourage goal discipline.
• Premature break of target savings before the deadline may incur a management fee deduction.

3. Fixed Savings

• Allows lump-sum locking for designated tenures (e.g., 30, 90, 180, or 365 days) to earn optimum interest yields.
• Capital and accrued interest are automatically released to the user wallet upon final maturity.

4. Foodstuffs and Gadgets Savings

• Dedicated product plans enabling customers to build up funds incrementally toward physical household items or electronics.
• Upon 100% completion of contribution targets, delivery or pickup of items is scheduled via verified company logistics partners.
• Price variations are managed transparently based on current inventory valuations at completion.