How does Northquest actually work? A few ways to save and grow your money, depending on what fits you:
Qlock — 24% p.a., fixed, locked until maturity
Qflex — 15% p.a., flexible, you can top up anytime
AutoSave — 20% p.a., automated saving on your schedule
Savings Challenge — pick an amount and duration, save toward it
Halal Save — for saving without earning interest
AutoSave — automated contributions can be scheduled daily, weekly, or monthly.
How is my interest calculated for QLOCK? It comes down to your plan, amount, and duration the rate is shown upfront before you commit to anything.
Are the returns fixed? Yes, per plan — the exact rate is shown when you set it up.
Can I top up my Qlock? No — Qlock is fixed once created. If you need different settings, you'll need to create a new Qlock plan.
Can I withdraw from Qlock early? No, it's locked until maturity. Once it matures, your funds plus interest are available in your wallet. This is similar to the Strict Savings Plan, which also does not allow withdrawals or liquidation before the term ends.
Can I create a custom locked plan? Not on the app yet — but noted as a feature customers want. Can I change my AutoSave contribution amount? No, you cannot modify the contribution amount once set. To change settings, create a new AutoSave plan. Can I convert a structured savings plan to a flexible one? No, structured savings plans like Qlock cannot be converted to flexible plans. You must create a new flexible savings plan if needed.
Can I save toward a specific goal, like rent? Yes — you can set up an AutoSave plan or use the Savings Challenge, which is specifically designed for saving toward a target amount over a chosen period.