PiggyVest
PiggyVest is a savings and investment service for people working toward financial goals. PiggyBank supports automatic daily, weekly, or monthly savings, plus manual top-ups. SafeLock sets funds aside for a chosen term of 10 to 1,000 days, with interest paid upfront or at maturity; Target Savings supports personal aims and group challenges. HouseMoney is for rent and household bills and states that it pays 15% interest per annum, monthly. Investify provides pre-vetted opportunities, with minimums that vary by opportunity. It can only be funded from a Flex Naira wallet, and some investments have a 1% processing fee. PiggyVest is available on Android, iOS, and web. The service has no monthly fees or transaction charges, though product processing fees and early-withdrawal penalties may apply. PiggyVest says it uses 256-bit SSL encryption, encrypts card and bank data, and offers two-factor authentication. It says customer funds are managed by PV Capital Limited, which it describes as registered with Nigeria’s Securities and Exchange Commission.
Who it is for
PiggyVest suits people who want scheduled or manual savings, goal-based saving, longer-term fund locking, or investment options. Its different savings features address regular deposits, bills, and group challenges.
What is good
- Supports daily, weekly, or monthly automatic savings
- SafeLock terms range from 10 to 1,000 days
- Target Savings supports group challenges
- Available on Android, iOS, and web
What to know first
- Investify requires funding from a Flex Naira wallet
- Some investments carry a 1% processing fee
- Early withdrawals may incur penalties
Verdict
PiggyVest combines several savings approaches with investment opportunities in a free service. Check the funding restriction and possible fees or withdrawal penalties for the products you plan to use.
PiggyVest plans and pricing
All plansCompared on automated savings apps
- Free plan
- Yes
- Card roundups
- No
- Scheduled transfers
- Yes
- Custom savings rules
- Yes
- Interest on savings
- Yes
- Withdrawal method
- scheduled
