OVERWOOD CHILD was designed for clients who have young children and are looking to grow the money earmarked for their children’s current or future school fees.
The pooled resources are pegged narrowly to general school fees payment schedules and typically attract a higher interest rate (about 0.5% higher) than our flagship OVERWOOD PRIME in exchange for less flexibility in withdrawal terms.
Strategy and Objectives
OVERWOOD CHILD is slightly more aggressive than OVERWOOD PRIME. It is a more long-term product that is also focused on the preservation and safety of your savings.
75% of the net assets are distributed across dividend-paying money market accounts, 20% in other pooled savings options with higher returns (stock, credit assets, agro-assets etc.) The remaining 5% is placed in aggressive assets (derivatives and algorithmic trading) with extremely high returns.
How to Save
Step 1: Create an account at www.OVERWOOD.ng
Step 2: Create a new CHILD savings plan.
Step 3: Transfer your money to OVERWOOD or pay with card.
Step 4: Monitor your daily dividends.
How to Withdraw
Step 1: Log into your OVERWOOD account at www.OVERWOOD.ng.
Step 2: Initiate your withdrawal.
Step 3: OVERWOOD will credit your bank account within 24 hours.
OVERWOOD CHILD clients can withdraw from their account during the school fees payment period without any penalty.
|Quarter||No. of Withdrawals|
|First Term (Sept 1 - 15)||1|
|Second Term (Jan 1 - 15)||1|
|Third Term (Apr 1 - 15)||1|
Withdrawals outside this window will attract a 45% penalty on the interest. The principal amount will NEVER be subject to any loss.