Fintech vs Banks: Who Gives Better Interest?

[Chinyere]

Fintech apps like Flutterwave and Paystack often give higher interest than banks like Guaranty Trust Bank or Zenith Bank.
Banks are safer and insured by NDIC, but fintechs can grow your money faster.

Would you choose higher returns with some risk or security with lower returns? Which one works for you today and why?

 

[Ugobeauty]

Fintech apps like Flutterwave and Paystack often give higher interest than banks like Guaranty Trust Bank or Zenith Bank.
Banks are safer and insured by NDIC, but fintechs can grow your money faster.

Would you choose higher returns with some risk or security with lower returns? Which one works for you today and why?

I will go for other fintechs that are insured by NDIC for safety and to grow my money.

 

[Mr.Simon]

Fintech apps like Flutterwave and Paystack often give higher interest than banks like Guaranty Trust Bank or Zenith Bank.
Banks are safer and insured by NDIC, but fintechs can grow your money faster.

Would you choose higher returns with some risk or security with lower returns? Which one works for you today and why?

Honestly I will rather keep my money in one of those Fintech app and incurred some risk while enjoying their interest rate than keeping my money in any of the commercial banks

 

[Mr.Simon]

Yes, Fintech like opay, pampay and some other which are insured by the ndic will be okay and less risky

I will go for other fintechs that are insured by NDIC for safety and to grow my money.

 

[Ugobeauty]

Yes, Fintech like opay, pampay and some other which are insured by the ndic will be okay and less risky

Yes, I make use of moniepoint.