Ever looked at your savings account balance and thought, “This money is just sitting here doing absolutely nothing”? Yep, that is what we call idle funds. Instead of making moves, your money is out here vibing, chilling, and collecting crumbs of interest that would not even buy you a decent shawarma and Pepsi.
But not to worry — MyInvestar is here to get your money a proper 9–5 job. If you are ready to stop babysitting your cash and make it hustle, let us get into it.
What Are Idle Funds?
Idle funds are basically money that is not doing anything productive. Think of them as that one course mate in group projects — never contributes, but will be there on presentation day, smiling.
It could be leftover salary, money meant for future plans, or emergency funds. But when it is sitting in a regular savings account earning just 2–4% interest per year, inflation (currently over 20%) is eating it alive.
To put it simply: your savings account is not helping you grow your money. Instead, it is shrinking like a T-shirt in hypo water. Time to upgrade to smarter money moves!
Why Traditional Savings Accounts Are Lazy
Yes, savings accounts are comfortable — but comfort zones are where dreams go to die. The tiny interest they offer cannot keep up with inflation, so while you are thinking you are being responsible, your money is actually losing value.
Imagine running full speed on a treadmill, sweating and panting, only to realise you are still in the same spot — that is exactly what happens when your money is stuck in a low-interest savings account.
So, why let your money chill when it could be working overtime?
How to Make Your Idle Funds Hustle with MyInvestar
The MyInvestar app offers smart ways to multiply your money — think of it as a personal trainer for your cash. Here is how you can put your money to work:
Instead of leaving your money in an account that barely does anything, why not put it in options that actually multiply it? Here are smart ways to make sure your money is never idle:
1️⃣ Grow Your Savings with Competitive Returns
Imagine earning way more than the 2–4% interest your traditional savings account offers. Whether you want flexibility or consistent monthly returns, there are smarter ways to save and grow your money at the same time, even earning up to 18% p.a.
✔ Best For: People who want easy access to their money but still want to earn higher returns.
2️⃣ Save Towards a Goal Without Losing Out on Interest
Got big plans like rent, a vacation, or a new car? Instead of leaving your money idle and losing value, why not save it in an option that also rewards you with higher interest of up to 17% p.a?
✔ Best For: People saving for specific goals and who want better returns than a savings account can offer.
3️⃣ Lock in Your Savings for Maximum Growth
If you don’t need immediate access to some of your money, why not lock it in and enjoy higher returns of up to 23.7% p.a? Instead of letting it sit there doing the bare minimum, this option helps you grow your funds at a much better rate.
✔ Best For: People who want to save big, like rent or school fees, and earn higher returns without touching the money too soon.
4️⃣ Invest for Bigger Returns Without Locking Up Your Money
Want high returns but still need access to your funds anytime? Investing in low-risk, high-yield options such as money market funds where you can earn up to 21.36% p.a gives you the flexibility of withdrawals with the benefit of higher earnings.
✔ Best For: People who want to make their money work but still need easy access when necessary.
Let’s Talk Numbers: Why This Matters
Let’s say you have ₦500,000 sitting in a regular savings account earning 4% per year.
📉 After one year in a savings account:
₦500,000 × (1 + 4/100) = ₦520,000
📈 After one year in an option with up to 18% returns:
₦500,000 × (1 + 18/100) = ₦590,000
That’s ₦70,000 extra, just because you chose the right place to save your money. No extra effort, just smarter investing.
How to Get Started
Turning your idle funds into active hustlers is easier than convincing your friends to split the bill evenly.
✔ Step 1: Download the MyInvestar App (Google Play or App Store).
✔ Step 2: Create an Account (Quick, easy, and no unnecessary drama).
✔ Step 3: Fund Your Wallet (Transfer money from your bank to MyInvestar).
✔ Step 4: Pick an Investment Option (Star, Goal, Vault, MMF—you decide).
✔ Step 5: Relax & Watch Your Money Grow (While you sleep, your money is working).
Stop Babysitting Your Money – Make It Work!
Leaving your money in a savings account feels safe, but it is actually a missed opportunity. With MyInvestar, your funds can start hustling. Whether you choose the flexible Star Account, the disciplined Goal Account, or the high-growth Vault Account, there is an option for every type of saver.
📌 Are you ready to upgrade your money game?
📌 Let your funds work as hard as you do!
Download MyInvestar today and start making smarter moves!
