A. M. 
Alonso Zuniga / Photographer / Producer
In a context where financial stability is becoming increasingly relevant, MultiMoney makes available multiple options designed to support salvadorans in the effective planning of their savings, allowing them to achieve specific short, medium and long term objectives.
The savings landscape in El Salvador has experienced significant advances. According to data from the Superintendencia del Sistema Financiero, as of january 31, 2024, savings accounts in the banking sector showed a growth of 4.6% compared to the same month in 2023. This reflects an increase in financial inclusion, making it easier for more people to access savings.
The Smart Savings Account is a product designed to maximize savings flexibility and convenience. With this account, users can access benefits such as the highest interest rate on a savings account in the market at 3.5% per annum, with a crediting on the first day of each month of the interest earned, offers online transactions at no cost, and special promotions when opening the account and saving.
“At MultiMoney we believe that saving should not be a tedious task, but an inspiring practice that brings people closer to achieving their dreams. Our Goal Calculator is designed to transform the way salvadorans think about money, allowing them to see saving as a direct path to what they truly value in life and to achieve their goals in the timeframe they set for themselves”, said Florence Grassl, Director of Digital Channels.
El Salvador has registered a remarkable 6.4% increase in personal loans during the first half of 2024, according to data from the Superintendencia del Sistema Financiero, it is evident that many people are turning to credit options to cover various financial needs. However, it is also essential to remember the importance of cultivating a savings culture. Saving not only provides a safety net for unforeseen events, but also offers the opportunity to better manage personal finances.
In this context and in response to this need, the Goals Calculator was created to help people plan their savings in a personalized way according to their income and expenses, thus offering an alternative to improve the financial health of families.
One of the main advantages is that the Goal Calculator not only limits itself to calculating amounts and timeframe, but also inspires users by reminding them of the purpose behind their efforts. This platform allows people to visualize how to achieve their goals, from buying a home to building an emergency fund. By enabling users to understand what they need to achieve their goals, MultiMoney reinforces its commitment to being an ally in promoting healthy financial habits.
In addition, the Goal Calculator is integrated with the Smart Savings account, facilitating daily financial management and savings planning in an automated and efficient way. The tool is available free of charge to all users on MultiMoney’s platform https://multimoney.com/sv/smart/plan-de-ahorro-personal with an intuitive and accessible interface.
“We are firmly committed to encouraging savings through easy options, emphasizing that making responsible financial decisions is crucial for all areas of life, and this helps ensure a healthy financial life. It is always a good time to start saving”, said Florence Grassl.
Also, users of the MultiMoney Smart savings account not only enjoy an optimal savings experience, but also can generate additional income through the Referral Program. For each person referred who opens an account and deposits at least US$100 during a month, the referring user receives a US$20 bonus, while the new client is rewarded with US$10. In addition, there is no limit to the number of referrals, which further expands the opportunities to earn.
Salvadorans can open their Smart Savings account quickly and easily by accessing the following link: https://hubs.ly/Q02MV_Dc0 For more information on this and other products visit MultiMoney’s website at https://multimoney.com/sv
