Piggyvest Review for Newbies | how to save, invest & earn money

Piggyvest is an online platform that allows you to earn 10% - 13% interest on savings and up to 50% returns on investments through the piggyvest app or via its web portal in Nigeria and West Africa.



Once upon a time, I woke up one early morning i was meditating and contemplating on how to start saving little money for future use, so a friend of mine recommended a microfinance bank as a way of saving money, i tried with them but guess what, I was disappointed in the end and my hard earned money was lost. 

So I decided to try saving with banks. My money was save, but i couldn't save as much as i wanted with them, because any little issues I had, I rushed straight to the bank/ATM machine to withdraw some money.

One day, I decided that the best way to save money is to destroy my ATM debit card so that I can't withdraw again. But still yet, the introduction of mobile/internet transfers didn't help but make things worse, any little issues that arise, I will initiate a transaction via my mobile phone and at the end of the year, I couldn't save as much as I wanted. 

So I was frustrated and confused until one day when i was surfing the web, I found out that their is this online platform called piggyvest - formerly piggybank, that allows you to to save and Invest money periodically (daily, weekly or monthly) towards a specific savings target or lock away money for a specific period of time and also earn up to 10% interest without any charges and other bonuses. And since then, I was able to save money at last without touching it.

So in this article, am going to:


  • Explain what piggyvest is all about
  • How Safe piggyvest is
  • How It works
  • Reasons to trust Piggyvest
  • How To start saving
  • How save are your bank/debit card details
  • How To invest
  • Interest rate
  • How To Withdraw
  • Contact form
  • Conclusion

Piggyvest, Who Are They?



Piggyvest - formerly known as piggybank.ng is the first online savings & investment app in West Africa and also the largest savings and investment platform/app in Nigeria.

With the piggyvest app/platform you can choose to save little amount of money(N50 - N25,000 daily, N1,000 - N100,000 weekly or N3,000 - N500,000 monthly) periodically towards a specific target/date or lock away funds for a specified period of time.

Also ReadHow To Become An Opay Mobile Agent In Nigeria

Piggyvest take away your stress by combining simplicity, descipline, convenience and flexibility to enable you to manage your finances better and achieve financial freedom.

Piggybank Nigeria is now Piggyvest


Piggybank Nigeria is a registered product under piggyTech global limited with RC Number 1405222. created on 7th January 2016 as a savings platform that allows its users to save money through its app or via its web portal. Then in April of 2019 piggybank.ng rebranded to piggyVest and then began to offer direct investment opportunities to its users in addition to savings. They have continued to deliver excellent service to more than 350,000 of its registered users by helping them manage their finances in a very simple and convenient way.

Piggybank(Piggyvest) users can save and Invest billions of naira every month that they would probably be tempted to spend badly.


How Save is Piggyvest?


All information you shared with piggyvest is encrypted and stored to PCI DSS level 1 compliant standards. PCI DSS level 1 compliance is a set of rules stated by credit card companies and audited by an independent third party.

It is the highest possible rating one can get in the electronic payment processing industry. Additionally, all transmission to their banking partner and on their web portal is via an encrypted 256-bir HTTPS SSL connection.

How Piggyvest Works



  • Target/Group Savings - It is suitable for short term savings because it allows you to save consistently towards a particular financial goal such as rent, vacation, weeding, buying a new car and even towards starting your a business with target savings and earn interest while at it. You can invite your friends and make it a fun challenge.
  • SafeLuck - It allows you to decide when you want to withdraw your money and you will be locked out of your money till your desired date which you fixed and you earn up to 15% interest per annum, usually paid up front while on SafeLuck. That is, SafeLuck is a fixed savings options.
  • Auto Save - this feature permit you to set auto debits from your debit card to your piggyvest savings automatically until you reach your target. You can set it to daily, weekly or monthly and you can also set the amount and the exact time you want the funds to leave your bank account to piggyVest wallet
  • Piggybank Wallet/Savings - piggybank Wallet are for those who constantly likes to put away money for their savings and Withdraw only once a quarter. You can set it so that money is taken from your bank account so that you don't have to worry again about saving manually.
  • Quick Save - this option basically allows you to add more funds to your piggybank savings. Eg. If you set N5,000 daily and you miss a day or two, you can use the quick save option to deposit N10,000 or N15,000 at once. This is to ensure you meet up with your savings target.

Note: you don't have to login to your piggyvest account every time you want to save, because everything is done automatically immediately you set up your Auto Save, except you want to top-up your savings using the quick save option.

Reasons To Trust Piggybank(piggyvest) With Your Money


  1. Piggyvest is a registered cooperative platform under piggyTech cooperative multipurpose society limited with a registration number 16555
  2.  As piggybank.ng, they operated in partnership with 2 microfinance banks in Nigeria and used their licenses
  3. In early 2018, piggyvest purchase Gold microfinance bank limited license by the central bank of Nigeria (CBN)
  4. All saved funds (money)  are warehoused with and managed by AIICO capital, the leading asset management company in Nigeria, registered and licensed by the securities and exchange commission (SEC).

How To Start Saving On piggyVest Platform/App


To start saving on the piggyvest platform, follow this tips:

  • Visit the piggyvest web portal Here or download and install the piggyvest app from Google Play store for Android users or Apple Play store for iOS users
  • Sign in if you already has an account or click on the "create an account" to sign up
  • Enter your personal details such as your name, password, bank details and so on
  • You can choose to only save between N50 - N25,000 daily, N1,000 - N100,000 weekly or N3,000 - N500,000 monthly
  • To activate your piggyvest account, enter your debit card details and make your first deposit (visa card, master card or verve card from any bank in Nigeria are accepted)
  • Now, make use of any of the savings plan listed above and choose either daily, weekly or monthly plan.

How Safe Are My Bank/Debit Card Details Secured While Using Piggyvest In Nigeria



Piggyvest(piggybank) ensures that your security is their major priority, so they uses the highest levels of internet security and it is secured by 256 bits SSL security encryption technology to protect your all they informations you shared with them. They also work with a PCI DSS compliant payment processor, Paystack to handle your debit card details.


How To Invest Money On piggyVest Nigeria


There are other investments companies in Nigeria that pays you on a weekly or monthly basis you can check them out here Incase you ain't satisfied with the piggyvest.com investment methods.

Their is this feature on piggyvest platform called investify that allows you to earn more up to 25% on your savings by investing in pre-vetted, low-medium risk, primary and secondary opportunities. With this platform, your interest are paid on daily, monthly, quarterly or at the end of your investment period directly into your piggyflex account.


To invest money on the piggyvest app/website, follow this tutorial:


  • Visit the piggyvest web portal Here or download and install the piggyvest app from Google Play store for Android users or Apple Play store for iOS users
  • Sign in if you already has an account or click on the "create an account" to sign up
  • Enter your personal details such as your name, password, bank details and so on
  • Navigate to investify  or click on "invest for the future" option
  • Review all the investment opportunities that is being displayed for you and their interest rate
  • Select any one that suits your taste
  • Follow the rules and start investing on Piggyvest.

Piggyvest Interest Rate


  1. You earn 10% per annum on any investment rendered by you on piggybank
  2. You earn up to 15.5% per annum on any investment rendered by you on SafeLuck
  3. You earn 10% per annum on Flex
  4. 10% per annum on Target
  5. Up to 25% on Investify
  6. 7% per son Flex Dollar

How To Withdraw Your Savings On Piggyvest Nigeria


  • Login to your piggyvest account and click on "withdrawal"
  • Fill in your bank details
  • Click on the"Withdraw" tab on your dashboard
  • Enter amount of money you want to withdraw
  • Receive your funds within 3 working days directly to the bank account you provided

Note: the minimum amount of funds(money) you can withdraw from your piggyvest account is N3,000 and there is no maximum.

Piggyvest Contact Form


For more queries or issues, please contact Piggyvest investment Ltd on 0700933933933 from Monday to Fridays. working hours from 9am to 5pm or you can send them a mail at contact@piggyvest.com


Head office at Testmot House, 3 Abdulrahman Okene Close, Off Ligali Ayorinde Victoria Island, Lagos Nigeria.

Conclusion

Piggybank is now called piggyvest, it is a savings and investment platform in Nigeria that allows you to save money and also earn interest while doing so. It also allows you to invest through the investify option. For more questions and answers on Piggyvest.com click here.

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