Nu : Mexico customers to enjoy annual rates up to 15% by freezing funds in ‘Money Boxes’

Mexico City, May 15, 2024 - Nu Mexico, a company known for transparent, straightforward, and humane digital finances, announces the phase-in launch of a new feature for Cuenta Nu users: the ability to freeze funds in Cajitas (Money Boxes) for varying durations, earning attractive returns through their annual rates.

This progression is part of the ongoing expansion and enhancement of services designed to simplify and enrich users' financial experiences, reaffirming Nu's commitment to accessibility and transparency.

"At Nu, we are constantly looking for ways to free our customers from the complexity of managing their money and to encourage the habit of long-term savings. With the new freezing functionality for the Money Boxes, our customers will enjoy another option to achieve their short, medium, and long-term goals, flexibly and profitably, on their own terms and according to their individual needs," stated Ximena Salgado, Product Leader of Nu Mexico.

Nu customers can choose to freeze their funds for periods of 7 and 28 days at an annual interest rate of 14.6% and 15%, respectively, thus ensuring they can plan their savings efficiently and benefit from attractive returns. Additionally, starting May 24, 2024, the Nu Money Boxes will offer a fixed annual interest rate of 14.5%, providing liquidity 24/7. These rates will remain active until July 10, 2024, when they will be reviewed and adjusted to factors such as the competitive context of the financial industry and the macroeconomic landscape of Mexico.

How to freeze funds in the Money Boxes?

To freeze funds, customers need only click on their Money Box and choose the snowflake icon. After that, they simply select the amount to freeze and the duration. Nu will inform the customer of the amount they will receive when their funds are unfrozen.

With more than 7 million customers as of May 2024 and steady growth, Nu Mexico continues to strengthen its financial product offerings, ensuring that each new feature meets the financial needs of Mexicans while also contributing to greater financial education and personal finance management.

For more information on how to freeze funds in the Nu Account Money Boxes and to start taking advantage of these new interest rates, customers can visit the website or contact through the Nu app.