How To Withdraw My Money From Cowrywise Before Maturity Date

Cowrywise Savings Plans

Cowrywise Save Plan: This plan is designed to help users save for short-term goals, such as emergency funds, holidays, or a rainy day.

Users can set up a flexible savings goal and Cowrywise will help them reach it by breaking it down into smaller, achievable milestones. The Save Plan offers a 10% interest rate, with users having the option to increase their savings goal or access their funds at any time.

Cowrywise Invest Plan: This plan is aimed at individuals looking to invest in a diversified portfolio of low-risk assets, such as government treasury bonds, fixed income funds, and equities.

The Invest Plan offers users access to a professionally managed investment portfolio that is designed to their risk tolerance and financial goals. Users can choose from various investment options, including conservative, moderate, and aggressive portfolios, with the potential for higher returns.

Cowrywise Pension Plan: This plan caters to individuals who want to save for their retirement, offering a tax-advantaged savings vehicle that allows users to invest in a diversified portfolio of assets.

The Pension Plan is designed to provide a steady income stream during retirement, ensuring financial security for users in their golden years.

Cowrywise Education Plan: This savings plan is tailored for parents and guardians who want to save for their children’s education, offering a flexible and secure way to invest in their future.

Read: How To Withdraw Money From Piggyvest Safelock Before Due Date

Users can set up a goal for their child’s education and Cowrywise will help them achieve it by allocating funds to a diversified investment portfolio.

Cowrywise Health Plan: This savings plan allows users to save for unforeseen medical expenses or future health-related costs. Users can set a goal for their health expenses and Cowrywise will help them achieve it by allocating funds to a diversified investment portfolio.

Cowrywise Features

Goal-based Savings: Cowrywise allows users to set specific financial goals and provides tailored savings plans to help them achieve those objectives. Users can track their progress and receive regular updates on their savings milestones.
Diversified Investment Portfolios: Cowrywise offers users access to a wide range of investment options, including low-risk assets such as government treasury bonds, fixed income funds, and equities. This diversification helps to minimize risk and maximize returns.
Automated Investing: Cowrywise makes it easy for users to automate their savings and investments by setting up recurring contributions and transfers. This ensures that users are consistently saving and investing towards their financial goals.
Low-cost Fees: Cowrywise offers competitive fees for its savings and investment plans, ensuring that users can maximize their returns without worrying about high management fees.

Now let’s look into what you need to know about how to withdraw my money from cowrywise before maturity date today.

How To Withdraw My Money From Cowrywise Before Maturity Date in 2024

Here’s what you need to understand about withdrawing your funds from your Cowrywise account before maturity date as stated on the Cowrywise blog.

Must Know About Locked Funds and Maturity Date

When you invest in a savings or investment product with Cowrywise, you may encounter the concept of locked funds and maturity date.

What is a locked funds?

Locked funds refer to the portion of your investment that is not accessible for withdrawal until a specified period has elapsed. It could be a month, two months, six months, one year or more.

This period is known as the maturity date. However , the “maturity date” is the date when your investment reaches its full term, and you are entitled to withdraw the entire amount along with any accrued interest or returns.

Based in the Cowrywise terms and conditions, no user can withdraw his/her funds before the maturity.

It’s however, a better idea to explore the options available within Cowrywise’s platform. Some investment products e.g “emergency investment” offer partial withdrawal facilities or early exit options.

In summary, it is impossible to withdraw your money from the locked investment plan until it’s maturity date. However, you’re encouraged to consider saving in the “Emergency investment plan” in case emergency needs if funds arise.

FAQs On How To Withdraw My Money From Cowrywise Before Maturity Date

Here are some helpful frequently asked questions on how to withdraw my money from cowrywise before maturity date with their respective answers:

How do I change my maturity date on Cowrywise?

To change the maturity date on Cowrywise, you can only increase it, and to do so, you need to chat with their customer representative.

They will guide you through the process and help you adjust the maturity date as per your requirements.

How do I unlock my money from Cowrywise?

Your money will automatically unlock when it reaches its maturity date. Cowrywise is designed to ensure that your funds are locked until the maturity date, after which you can access your money.