StarPay review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
StarPay pays 15% on fixed savings with no monthly fee, which puts it far above the 3% typical of the savings listings here. It suits parents saving for kids in Nigeria who want a locked term and can leave the money alone.
Key facts
- Best for
- Parents in Nigeria putting savings aside for kids on a fixed term
- Headline rate
- 15%↗
- Rate type
- Variable↗
- Term
- 1 to 12 months↗
- Minimum deposit
- NGN 1,000↗
- Access terms
- Safe Lock: lock funds for 30 to 365 days, interest paid monthly into wallet, early withdrawal penalty may apply, 7-day cooling-off period for certain savings products↗
- Monthly fee
- NGN 0↗
- Account kind
- Fixed↗
- Legal entity
- StarPay Technologies Ltd↗
- Headquarters
- Nigeria↗
- Founded
- 2026↗
- Support channels
- Email, Phone↗
- Pricing model
- No monthly fee
- Official website
- starpay.com.ng
Debit cards
Facts checked September 26, 2026, 2 sources
Pros and cons
Pros
- Headline rate of 15% against a site median of 3%
- No monthly charge on the savings account, with NGN 0 charged
- Interest lands in the wallet every month, so savings keep earning inside the term
- Term choices run 1 to 12, from a short lock to a full year
Cons
- The rate is variable, so 15% can move
- Withdrawal before the end of a Safe Lock can cost an early withdrawal penalty
- Support runs on email and phone only, with no chat or help centre listed
Who it suits
- Parents in Nigeria building savings for kids
- Anyone who can leave funds locked for a chosen term
- Wallet users who want multi-currency, crypto and virtual card features in one app
Who should look elsewhere
- bunq, whose 3.01% suits savers wanting a euro account
- Wise, with 3.29% for people holding balances across currencies
- Finteres, whose 0% to 36% offers a wider spread of lock lengths
Rates and card terms
The headline rate is 15% on a fixed savings account, held for 1 to 12. Interest is paid monthly into the wallet rather than on closure, so the balance keeps working for the saver. Safe Lock terms allow funds to be locked for a stretch, with an early withdrawal penalty that may apply if the money is taken out sooner. The bundled card is a debit card on the visa network, and the account itself carries no monthly fee.
The company behind it
StarPay runs as StarPay Technologies Ltd, headquartered in Nigeria, and was founded in 2026. It is supervised in Nigeria by the Central Bank of Nigeria (CBN), so deposits sit inside a regulated domestic framework rather than an offshore one. Help is offered over email and phone, which covers phone and email, though no live chat or dedicated help centre appears in the terms.
How StarPay compares
8.3 vs 8.0
8.3 vs 9.4
8.3 vs 9.4
8.3 vs 8.5
8.3 vs 9.4
8.3 vs 8.7
8.3 vs 8.9
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8.3 vs 9.0
8.3 vs 9.0
8.3 vs 9.0- 8.3 vs 8.0
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8.3 vs 8.9- 8.3 vs 8.9
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8.3 vs 8.4- 8.3 vs 8.0
8.3 vs 9.0
Where StarPay is available
- Available
- Nigeria
- Licence in Nigeria
- Central Bank of Nigeria (CBN), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What rate does StarPay pay on savings?+
StarPay pays a headline rate of 15% on a fixed savings account, well above the 3% median across savings listings here. The rate type is variable, which means the headline figure is not guaranteed to hold. Compare it with bunq at 3.01% and Wise at 3.29%.
Is there a monthly fee to keep the account?+
There is no monthly charge on the savings account, with a monthly fee of NGN 0. The account is also listed with no monthly fee as its model. Locked savings pay 15% without that recurring cost cutting into the interest.
How much can parents save for kids?+
The audience for this account is kids, and saving starts from a minimum deposit of NGN 1,000. Terms run 1 to 12, so a parent can pick a short lock or a longer one. Safe Lock products can hold funds for a set stretch before withdrawal.
Can I get the money out early?+
Access terms say an early withdrawal penalty may apply if funds are taken out of a Safe Lock before the end of the locked stretch. The term also mentions a cooling-off period for certain savings products, which can allow a change of mind early on. Check which rule applies to the product you open.
Who regulates StarPay in Nigeria?+
StarPay operates as StarPay Technologies Ltd, based in Nigeria, and is regulated by the Central Bank of Nigeria (CBN). The company was founded in 2026, so it is a relatively new entrant. Deposits therefore sit with a Nigerian-regulated provider.
How is the interest paid?+
Interest is paid monthly into the wallet rather than being added at the end of the term, so the balance keeps crediting while funds are locked. That makes the 15% headline rate accrue steadily over 1 to 12. Support on questions about credits runs through email and phone.
What card comes with the account?+
The bundled card is a debit card running on the visa network, and there is a virtual card option in the feature set. The wallet also supports multi-currency and crypto balances, so savings and spending can sit in one place. Card use is separate from the 15% interest on the savings balance.
What kind of support can I get?+
StarPay offers support over email and phone, which covers phone and email. No live chat or self-service help centre is listed in the terms, so complex questions about a locked Safe Lock may take a call. There is no monthly fee attached to that support.
Sources
- starpay.com.ng checked September 26, 2026
Backs: Account kind, Audience, Card type, Features, Founded, Headline rate, Minimum deposit, Pricing model, Monthly fee, Card network, Term
“Smart Savings: 15% p.a. with daily compounding. Auto-save, target savings, and flexible plans.”
- starpay.com.ng/terms.html checked September 26, 2026
Backs: Access terms, Headquarters, Legal entity, Rate type, Support channels, Licences
“Early withdrawal penalties may apply ... For certain savings products, you may have a 7-day cooling-off period during which you can cancel without penalty.”
Compiled from 2 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Deposit protection.