Savings Goals

Set savings targets, automate contributions with savings plans, and earn interest on locked balances.

4 min read

Overview

Danipa Pay savings has two pieces:

• Goals — named targets you save toward (emergency fund, December trip, school fees). Each goal has its own balance, target amount, and optional lock period and interest rate.
• Plans — recurring auto-deposits that move money from your wallet into savings on a schedule. Plans can pay into a goal or into your savings balance directly.

You can use either or both. Both are accessed from Home → Savings in the mobile app.

Goals

Create a goal

1. Open Savings and tap Create goal.
2. Enter a name, target amount, and currency.
3. (Optional) Set a target date.
4. Pick an icon.
5. (Optional) Set a lock-in date. Locked goals can't be withdrawn freely until the lock expires; in return they may earn a higher interest rate.
6. Tap Create.

Deposit into a goal

1. Open the goal.
2. Tap Add money.
3. Enter the amount and confirm.

The amount is moved instantly from your wallet into the goal's balance.

Withdraw from a goal

1. Open the goal.
2. Tap Withdraw.
3. Enter the amount.
4. Confirm.

If the goal isn't locked, the full amount returns to your wallet immediately, with no fee.

If the goal is locked and the lock-in date is still in the future, an early-withdrawal penalty applies. The penalty is set when the goal is created and shown in basis points (e.g., 200 bps = 2%). The withdrawal screen displays the exact penalty amount and the net you'll receive before you confirm.

Interest

Each goal can carry an annual interest rate stored in basis points (e.g., 500 bps = 5% per annum). Interest accrues daily on your goal balance and is credited periodically as an Interest line in the goal's transaction history. Available rates depend on your tier and the lock-in period — longer locks may earn more.

Edit, pause, delete

Open a goal to:

• Edit the name, target amount, target date, or icon.
• Pause / resume any plan that pays into this goal (see below).
• Delete the goal — its balance is returned to your wallet first.

Plans (auto-save)

A plan is a standing instruction to debit your wallet on a schedule and move the money into savings.

Create a plan

1. Open Savings → Plans.
2. Tap Create plan.
3. Enter a name and amount.
4. Pick a frequency — Daily, Weekly, Bi-weekly, or Monthly.
5. Pick a destination — a specific goal, or your savings balance directly.
6. Pick a funding source — your wallet (the default).
7. Save.

The plan runs automatically at the start of each interval. Each execution is logged with date, amount, and status (successful, skipped because of insufficient balance, or paused).

Round-up plans

A plan can be configured as round-up — every outgoing transaction is rounded up to the nearest unit and the difference is moved into savings.

• Choose a unit: GHS 1, GHS 5, or GHS 10.
• Example with GHS 5: you send GHS 47 → rounded to GHS 50 → GHS 3 saved automatically.

Pause and resume

Open the plan and tap Pause to stop debits without deleting. Resume any time.

Plan history

Every execution is logged. Open a plan to see:

• Date and time of each debit.
• Amount.
• Status (successful, failed, skipped, paused).
• Running total saved through the plan.

Multiple goals and plans

You can have several active goals at once and several active plans. Each is independent — different targets, different schedules, different lock policies.

Tips

• Start small. GHS 5 a day adds up to GHS 150 a month.
• Combine a plan with a goal. Creating a goal and pointing a weekly plan at it is the easiest path to actually finishing.
• Round-ups are painless. You won't notice the small amounts but they accumulate.
• Lock if you can afford to. Locked goals can earn a better interest rate and remove the temptation to dip in.
• Set realistic targets. A goal you can finish builds the habit for the next.