Piggyvest is a platform that helps you save and invest with ease. With this platform, you can stop spending excessively and put away (and grow!) funds that you do not want to touch.
Piggyvest | What is Piggyvest
With Piggyvest you can choose to save little amounts of money periodically (Daily, Weekly or Monthly) towards a specific target or also, you can lock away funds for a specified period of time.
You can ONLY save between N50 – N50,000 daily, N1000 – N200,000 weekly, or N3,000 – N500,000 monthly. Also, you can always top up your savings at any time using the Quicksave option which allows you to add up to N500,000 per time
Types of Savings Plans on Piggyvest
All of the savings and investment options on Piggyvest are tailored towards a particular need.
If you’d like to regularly put away money for your savings and withdraw only once a quarter, then the Piggybank wallet is right for you. With this savings plan, you can set it so that money is taken from your account and you don’t have to worry about saving manually.
Target Savings Plan
If you’re saving towards a particular goal such as rent or travel, Target Savings is a great option. With the Target savings plan, you can invite friends and make it a fun challenge to smash all your financial goals.
With Target Savings, you can save consistently towards a particular financial goal. You can create a personal target or a Group savings challenge with your multiple users. Save for your rent, vacation, a new gadget and even towards starting your new business with Target savings, and earn more money while at it!
This is one of the most used saving plans on the Piggyvest platform. If you’re looking for something geared towards the long term, The SafeLock feature is perfect for you. With higher interest rates, you could lock away funds you don’t need access to and make even more money by doing so.
It is a fixed savings option that allows you to earn up to 15.5% per annum, usually paid-up front, also it acts as your sub-account so that you can transfer and lock funds from your own Piggybank wallet or your debit card for at least 10 days, without access to these funds until maturity.
This feature is one step further towards curbing the temptation to touch the money that you have put aside as your savings.
It is a PiggyVest feature that allows users to earn more on their savings by investing in pre-vetted, low-medium risk, primary and secondary investment opportunities.
If you’re looking to get started on investments or diversify your portfolio, then pre-vetted, low-risk investment opportunities are regularly available on Invectively to help you grow your money.
How do I start saving on PiggyVest? | How to create a PiggyVest Account
To start saving on PiggyVest:
- Visit the website or download the app to create an account.
- Set up your withdrawal account details; this is the bank account that funds you withdraw will get sent.
- Enter your debit card details to activate your account and then make your first deposit. (You may use a MasterCard, Visa or Verve card from any Nigerian bank).
- You may now proceed to use any of the Savings Plans to start your daily, weekly or monthly savings.
You shouldn’t be afraid of bank charges because, with this platform, it’s completely FREE. There are no bank charges of any sort for transferring money to your PiggyVest account.
PiggyVest Mobile App | PiggyVest App
The PiggyVest App was launched to make savings easier. Now everyone can have the app with them without more difficulties. This mobile app is available ONLY on Android and iOS. The App is available on the Play Store for Android or the App Store for IOS users.