PiggyVest is an investment platform. Formerly known as Piggy Bank, it rebranded to PiggyVest in 2019. The company offers consumers investment alternatives in addition to savings. Thus, PiggyVest empowers users to manage and increase their finances.

The platform also allows its users to invest their money in various profitable services and receive about a 25% return on their investment in eight months or more. On the other hand, saving money might earn you up to 13% interest. They’re commonly considered Nigeria’s most considerable online savings and investment platform. 

PiggyVest App

PiggyVest is available on both Android and iOS. It does not require a deposit or monthly fees, and both the web and mobile applications have a user-friendly interface. Saving with PiggyVest is not only safe and secure, but it also teaches you discipline by allowing you to lock your funds until a specific date. 

What is PiggyVest, and how does it work? 

PiggyVest operates in the following manner: 

You’ve set a financial goal for yourself that you’d like to achieve. It might be for starting a business or even paying rent. Maybe all you intend to do is save a million naira or even a million naira. Once you sign up for your PiggyVest account and begin saving, They will offer you up to 13% interest on your money. 

Products offered by PiggyVest

PiggyVest offers five features in the saving section. Piggybank, Safelock, Targets, Flex Naira, and Flex Dollar.

1. Piggybank

It is PiggyVest’s main online savings feature. You can save any amount of money from your bank account here at any moment. There’s also an Autosave tool that takes money out of your account on a daily, weekly, or monthly basis (depending on the user’s preferences). On this feature, PiggyVest pays a ten per cent annual interest rate. 

You have unlimited time to save: the more time you save, the more money you save and the more interest. You may set up a system to save money every day, week, or month. The funds will be debited from your bank account automatically.


Quicksave enables you to update savings manually. If you opt for the quicksave choice, you’ll have to log in to the website or app to save manually. 

You can put your savings on hold at any time and resume them later. If you don’t have enough money to save for a month, no worries; you can stop your savings or use quicksave, increase your savings, or withdraw funds out of PiggyBank at any time. Although, there are only a few withdrawal dates each year to encourage discipline. Every 31st of March, 30th of June, 30th of September, and 31st of December. You can also change the date on your own. 

2. Safe lock

The safe lock option lets you put money away for a specific amount of time. You won’t access these funds until they reach maturity if you opt to Safelock a particular amount of money. PiggyVestfreezes the money until the day and time you choose. This PiggyVest feature is convenient if you need to save money for the future. (Take, for example, school expenses or an automobile.) The great thing about Safelock is the rate of interest, which ranges from 6% to 15% per year, is paid upfront.

3. Targets

Targets, as the name implies, assist you in saving for specific goals such as house rent, school expenses, and so on. It also promotes group savings, with each member having a daily payment frequency and each group knowing how much they expect to have at maturity. This feature allows people with similar interests to save for a common goal. The annual interest rate is ten per cent. 

4. Naira flex 

Flex Naira is a flexible savings wallet. You can utilize funds in your Flex to finance your Target, Piggybank, Safelock, Investify, and Flex Dollar as a user. The rule is that you are only allowed to withdraw once every ten hours, with a limit of four withdrawals per day. You lose all accumulated interest on Flex savings if you reach this limit. This feature has a ten per cent annual interest rate. 

5. Flex Dollar 

With Flex Dollar, you save, invest, and transfer money in dollars. Market forces determine behaviour. 

How Do PiggyVest Investments Work? 

Investify is PiggyVest’s investment section. It lets you make a higher return on your savings by investing in primary and secondary investments. These investments are typically in agriculture, real estate, and transportation, and they carry moderate to medium risk. 

PiggyVest Interest Rates 

PiggyVest offers a variety of interest rates, including ten per cent per year on Piggybank; ten per cent per year on PiggyVest;

On SafeLock, you can earn up to 15.5 per cent per year. 

a 10% annual increase on the target 

a 10% yearly return on Flex 

6% yearly interest on Flex Dollar 

On Investing, you can save up to 25%. 


PiggyTech Global Limited – RC 1405222 is the legal name. They purchased a Microfinance bank in early 2018. All funds saved on the Piggytech Cooperative multipurpose society limited are held and managed by AIICO Capital, Nigeria’s largest asset management firm, regulated by the Securities and Exchange Commission (SEC).

Your card information is also safe. The website does not save data. Paystack, a payment processor that is PCI-DSS-compliant, does this. The website is also SSL encrypted.

Piggy vest: How to Save money 

To save money on PiggyVest, follow these steps: 

1. Register for an account. 

To begin, first, create an account. Your phone number, password, and name are required. 

2. Select a method of saving 

After you’ve created an account, select a method of saving

3. Choose options that suit you

If you choose Piggybank, you must specify how much money you want to save consistently, either daily, weekly, or monthly. You can also choose to update whenever you wish. Set the amount you want to secure whenever you wish to withdraw from Safelock. Set a goal for how much you want to save. If you’re going to invite friends, do so, and set a withdrawal date. 

Investing using PiggyVest 

To invest Money with PiggyVest, follow these instructions. 

1. Register for an account. 

2. Once you’ve logged into your piggyVest account, go to the Dashboard. On the screen, you’ll notice a lot of possibilities. Select investify or “invest for the future” from the drop-down menu. 

3. Evaluate investment opportunities and make a decision. 

Most possibilities require a minimum investment of N3000. 


To summarize, PiggyVest assists you in saving and allows you to increase the value of your savings. Piggyvest is ideal for periodic savings. It also reduces investment risks by vetting opportunities before making them available to consumers.