How You Can Make Passive Income by Investing With the Cowrywise App

Cowrywise is a company that assists Africans to get through their saving process and get a certain percentage added at the end of the year. The company is registered under SEC which makes it a very reliable saving platform for young investors looking for how to grow money legitimately.

You can make passive income by investing with the Cowrywise app through interest and referral programs. This article would tell you more about the steps you can take to grow your income with the Cowrywise app.

What Is Cowrywise?

Cowrywise is a platform built with the aim of helping individuals through savings and investment. The Cowrywise app helps users monitor their savings and investment from wherever they are; amidst the different Ponzi schemes outside these days, Cowrywise is a good choice for young investors looking for ways to increase their funds.

Types of People That Cowrywise Favours

1. Cowrywise favours people who are looking for genuine ways to grow their wealth in the long term.

2. Cowrywise works for people who are ready to learn and understand how the financial market works and how investors get profits.

3. Cowrywise is for people that have patience and watch how their investment grows.

Cowrywise is a legit platform that has never been under pressure to redeem its promise, so it's advisable for people to remain patient and follow all guidelines to make sure that they don't violate the process. Mind you, Cowrywise is not a money-doubling platform!

Three Ways You Can Make Passive Income by Investing With the Cowrywise App

Shortly, you'll be seeing three ways you can grow your income by investing in the Cowrywise app. Below are the three ways you can gain through the Cowrywise app:

1. Earning Interests on Every Savings Plan

The advantage of using the Cowrywise app is that you get more interest than keeping your money in the bank. On every saving you make on Cowrywise, you earn a percentage of interest the longer you save. Below are the interest rates all Cowrywise investors should take note of.

Cowrywise Interest Rate

• 3 months – 5.50% p.a

• 6 months – 6.50% p.a

• 9 months – 7.50% p.a

• Above 1 year – 8.50% p.a 

The interest rate grows due to the performance of the market, this enables you to get paid by Cowrywise without any story or delay.  Before going, let's look at how Cowrywise gets returns to make sure you get paid with interest.

What Does Cowrywise Do to Pay Investors With Interest?

Cowrywise uses money investors deposit in their app to invest in bonds, Treasury Bills, and government papers. Through this process, investors are able to get paid their interest in the long term. 

2. Earning Through Mutual Funds

Presently the only investment on Cowrywise is mutual funds and its mutual funds can be categorized into conservative, moderate, and aggressive funds.

On conservative funds, you earn fixed annual returns.  While on aggressive and moderate funds, you earn through capital appreciation. 

3. Earning Through Referral Program

You can earn on the Cowrywise app through referral programs the app offers. For every user you invite to use the app and invest up to #5,000, you both get a one-time fee waiver on an investment transaction.