How to Use PiggyVest And Why You Should Use It

by Rabi Yahaya
How to use Piggyvest

PiggyVest is an online savings app that helps people meet their savings goals. Remember the olden days, when people saved money using a pot or container?

Most people no longer do that in this age as technology has made saving more effortless and convenient. 

It is that convenience and ease that the PiggyVest platform also offers people. It allows them to invest their funds in various ventures and get up to 25% ROI for as little as eight months or more. 

Saving your money on the PiggyVest app attracts up to 13% monthly interest. PiggyVest is legit and widely regarded as Nigeria’s most prominent online savings and investing platform.

In this article, I will discuss what the PiggyVest savings platform entails, how to use piggyvest and why you need to start using it to save and invest.

How Does The PiggyVest Savings App Work?

The PiggyVest app is straightforward to use. For instance, if you have a financial goal to meet, a new business you want to start or pay rent, or you want to save money for other personal needs. All you need to do is download the app, create an account, set it up, and save your funds. Easy peasy! For every penny you save on the platform, you get paid interest of up to 13%. 

You can save daily, weekly, or monthly and there is also an option for automatic savings where you don’t have to worry about manually saving funds. Here, you set the date and time, and your money gets saved at the appointed time and date without hassle.

Below are the unique features of the PiggyVest Savings app:

Read also: How to improve and manage your personal finance as a Nigerian. 

Unique Features of the PiggyVest Savings App

  1. Quick save

There is the “QUICK SAVE” option, where you can quickly save or add funds to your wallet and get points for saving. I’ll provide more information on the PiggyVest point and how it works later in the article.

  1. Target savings

You can also decide to save with friends, family, or a group of people on the platform through a “Target Savings” feature.

You need to agree with those in the group on how much you want to save and the duration of the savings. 

Then start saving! Once it gets to the set date, the money will be sent to the account of everyone in the group.

You can also choose to do the target savings alone or join random groups on the platform. Don’t worry; your money is safe!

  1. Safe lock

There is also a “Safe Lock” feature which is my favourite. Here, you “lock” in your money for a specific period and gain an instant 13% interest which is sent to your “Flex account” immediately.

If you have money that you don’t want to spend, this is a convenient feature to use, as you can not remove the cash here until the agreed date.  

  1. Flex account

The “Flex Account” feature is where you keep funds for “flexing” money for activities like entertainment, vacations, and emergencies.

The good thing about this feature is that you also get an interest of 10% here and can withdraw whenever you like without remitting breaking fees. However, you cannot withdraw more than four times a month. 

  1. Flex dollar

There is also the “Flex Dollar” saving feature where you can save and grow your wealth in dollars and get up to 7% interest per annum in dollars.

This feature helps you beat inflation and stay thriving despite the naira fluctuation. 

You can also invest on the platform using the “Investify” feature. With this feature, you can invest as little as 5,000 naira and build a groundbreaking investment portfolio. 

  1. PiggyVest points

The PiggyVest point is a system that rewards customers for saving on the platform. You earn points for savings, and you can convert these points to cash whenever you want to. I do mine immediately after adding funds to my wallet.

The number of points you earn depends on the amount you save. Here is a breakdown of how points are calculated:

  • N2000 gets you 1 point
  • N5000 – N9999 gets you 2 points
  • N10000 – N49999 gets you 10 points
  • N50000 – N99999 gets you 25 points
  • N100000 and above gets you 55 points

Each point is valued at N10. 

  1. Free withdrawal days

The PiggyVest app works so that when you save funds, you get a few free withdrawal dates in a year. These free withdrawal dates are 

  • 31st March
  • 30th June
  • 30th September
  • 31st December

You are free to withdraw on other dates, but this comes with a breaking fee of 2.5% on the amount you wish to withdraw. This is to ensure discipline and help you become better at saving funds.

Read also: How to cultivate the habit of saving money in Nigeria. 

PiggyVest Signup

To signup and start using PiggyVest to save and invest, follow the steps listed below:

  • Download the app on the Google play store or IOS.
  • Create your account.
  • Set up your account by adding your phone number, name, and strong password. 
  • Follow the prompts and choose your savings option. I’ve explained the different saving options above. 
  • Ensure your details are accurate.
  • Start saving.
  • You can also send a link to invite your friends to join the saving app. Once they use your link, finish setting up, and make their first savings, you get a referral bonus of 1,000 naira added to your account. You get 1,000 naira each from anyone who joins and saves on the app through your link. 

Join’s WhatsApp community.

Is PiggyVest Safe?

PiggyVest is safe and legit and can be trusted. They are registered with the Federal Government of Nigeria and operate as a Microfinance Bank, which the Central Bank of Nigeria endorses.

The PiggyVest savings app uses the highest level of Internet Security. It is secured by 256 bits SSL security encryption to ensure that your information provided while signing up to use the app is completely protected from fraud.

Read also: 6 Creative ways to save money in Nigeria as a student. 

Why You Should Use the PiggyVest App to Save And Invest

PiggyVest helps you achieve financial freedom, giving you a secure platform to save and invest any time you want. You also earn 10-15.5% interest on savings and over 25% return on investments while saving on the platform.

These are the most important reasons why you should use PiggyVest:

  • You earn points for saving your money
  • It gives you higher interest rates than other banks
  • Freedom to set your desired withdrawal dates
  • There is transparency in transactions. 
  • You get to earn a referral bonus.
  • Compete healthily with others on the savings challenge
  • There are various investment options to choose from.
  • Excellent customer support and so much more.


To improve your savings and build solid financial portfolio habits, you need to use apps like PiggyVest to help you accumulate wealth and achieve financial success. This article has provided all the details on how to use the app and why you should use it. You can also find out more information on their website and start your journey to financial freedom today.

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About Author

Avatar of Rabi Yahaya
Rabi Yahaya
Rabi Yahaya is a content writer whose works have been published by prominent websites in Nigeria.
Remotely works with local and international clients to create engaging content for brands. Creating compelling articles and stories that talk about issues concerning women. A budding SEO writer.

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Avatar of Dozie
Dozie August 30, 2023 - 8:23 pm

Wow, this is a very insightful article. Portrays the point in the simplest ways.

Avatar of Kehinde from
Kehinde from September 1, 2023 - 8:30 am

Thank you, Dozie


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