Savings Goals

Set savings targets, automate contributions, and track your progress toward financial goals with Danipa.

Overview

Danipa Savings Goals help you save money toward specific targets — whether it's an emergency fund, a trip, school fees, or a new phone. Set a target, contribute regularly, and watch your progress grow.

Requirement: Savings Goals require at least Standard KYC tier. See KYC Verification.

Creating a Savings Goal

1. Go to More → Savings Goals
2. Tap Create Goal
3. Fill in the details:
   • Goal name — give it a meaningful name (e.g., "Emergency Fund", "December Travel")
   • Target amount — how much you want to save
   • Currency — defaults to your primary wallet currency
   • Target date — when you want to reach your goal (optional)
   • Goal icon — choose an icon to represent your goal
4. Tap Create

Contributing to a Goal

Manual Contribution

1. Go to Savings Goals and select your goal
2. Tap Add Money
3. Enter the amount
4. Funds are moved from your wallet to the goal instantly

Auto-Save

Set up automatic contributions to save without thinking about it:

1. Open a savings goal
2. Tap Auto-Save → Set Up
3. Choose your schedule:

4. Enter the amount per contribution
5. Select the funding source (your wallet)
6. Tap Start Auto-Save

Round-Up Savings

The round-up feature saves small amounts automatically:

• You send GHS 47 → rounded to GHS 50 → GHS 3 saved
• You buy airtime for GHS 12 → rounded to GHS 15 → GHS 3 saved

Configure rounding to the nearest GHS 1, GHS 5, or GHS 10.

Tracking Progress

Each goal shows:

• Progress bar — visual indicator of how close you are
• Amount saved — current total in the goal
• Remaining — how much more you need
• Percentage — progress as a percentage
• Estimated completion — based on your contribution pattern
• Contribution history — every deposit listed with date and amount

Withdrawing from a Goal

You can withdraw from your savings goal at any time:

1. Open the goal
2. Tap Withdraw
3. Enter the amount (partial or full)
4. Funds are returned to your wallet instantly

Note: There are no penalties or fees for withdrawing. Your money is always accessible.

Lock Feature

If you want to prevent yourself from withdrawing before your target date:

1. Open a goal
2. Tap Settings → Lock Goal
3. Choose a lock period:
   • Until target date — locked until the date you set
   • Custom date — choose any future date
4. Confirm with your PIN

Once locked, you cannot withdraw until the lock period ends. Auto-save contributions continue during the lock.

Important: Locking is irreversible until the lock date. Only lock funds you're sure you won't need.

Managing Goals

Editing a Goal

You can update the name, target amount, target date, or icon at any time:

1. Open the goal → tap Settings → Edit Goal
2. Make your changes
3. Tap Save

Pausing Auto-Save

1. Open the goal → tap Auto-Save
2. Tap Pause
3. Auto-save stops until you resume it

Deleting a Goal

1. Open the goal → tap Settings → Delete Goal
2. Any remaining funds are returned to your wallet
3. Confirm deletion

Multiple Goals

You can have up to 10 active goals at the same time. Each goal is independent with its own target, schedule, and progress tracking.

Goal Dashboard

The Savings Goals main screen shows all your goals at a glance:

• Total saved across all goals
• Individual goal cards with progress bars
• Quick-add button for new contributions

Savings Plans

Savings Plans let you automate recurring deposits into your wallet — independent of any specific goal. Think of them as standing instructions that move money into savings on a schedule you define.

Creating a Plan

1. Go to More → Savings Plans
2. Tap Create Plan
3. Configure your plan:
   • Plan name — e.g., "Weekly Stash", "Daily Savings"
   • Amount — how much to save each period
   • Frequency — choose from Daily, Weekly, Bi-weekly, or Monthly
   • Funding source — the wallet to debit
   • Destination — your savings wallet or a specific savings goal
4. Tap Start Plan

Deposits are auto-debited from your wallet at the start of each period.

Round-Up Savings

Round-up savings can also be configured as a standalone plan:

• Every outgoing transaction is rounded up to the nearest whole unit (e.g., GHS 1, GHS 5, or GHS 10)
• The difference is automatically saved
• Example: You send GHS 23 → rounded to GHS 25 → GHS 2 is saved

Configure the rounding increment when creating the plan.

Pause & Resume

You can pause a plan at any time without deleting it:

1. Open the plan → tap Pause
2. No further debits occur while paused
3. Tap Resume when you're ready to restart

Plan Execution History

Each plan keeps a full log of every executed deposit:

• Date and time of each debit
• Amount saved
• Status — successful, failed (insufficient balance), or skipped (paused)
• Running total — cumulative amount saved through the plan

View the history by opening a plan and tapping History.

Interest Rates

Savings goals can earn interest on your balance, helping your money grow over time.

• Interest rate is set when you create the goal, expressed in basis points (e.g., 500 bps = 5% per annum)
• Interest accrues automatically based on your daily balance
• Accrued interest is credited to the goal periodically
• Each interest credit appears as an Interest transaction in your goal's contribution history

Note: The available interest rate depends on your account tier and the goal's lock-in period. Longer lock-in periods may qualify for higher rates.

Lock-In Periods & Early Withdrawal

For disciplined saving, you can lock a goal until a specific date. Locked goals may also offer higher interest rates.

How Lock-In Works

• When creating or editing a goal, set a lock-in date — funds cannot be withdrawn before this date
• Auto-save contributions continue during the lock period
• The lock date is displayed on the goal card

Early Withdrawal

If you need to access locked funds before the lock-in date expires:

1. Open the goal → tap Withdraw
2. The app displays the early withdrawal penalty — a fee expressed in basis points (e.g., 200 bps = 2%)
3. The penalty is deducted from the withdrawal amount before funds reach your wallet
4. Review the net amount you'll receive and confirm

Important: Penalty rates are configurable and displayed at goal creation so there are no surprises. Always review the terms before locking a goal.

Tips for Successful Saving

• Start small — even GHS 5 per day adds up to GHS 150 per month
• Use auto-save — you're more likely to reach your goal if contributions are automatic
• Try round-ups — you won't notice the small amounts, but they accumulate
• Set realistic targets — a goal you can achieve builds motivation for the next one
• Lock when possible — if you don't need the money before your target date, lock it to avoid temptation
• Celebrate milestones — the app notifies you at 25%, 50%, 75%, and 100% of your goal