How to save or invest money with PiggyVest (Piggy Bank)

PiggyVest formerly known as is an online platform that help people save money to meet their goals. The platform also offer people the opportunity to invest their money in various ventures and get up to 25% return on investments for as little as 8 months or more. Saving money attracts up to 13% interests. They are widely regarded as the biggest online savings and investing platform in Nigeria.

There are various ways to save. You can save as an individual or as a group. You can save with a friend, with your husband or wife, you can save with anyone. The website and app are very popular in Nigeria. All the little money you waste every day, week or month, can turn to a very huge amount when you save them. Saving for the rainy days is a good habit.

How does PiggyVest work?

PiggyVest works in this way: You have a financial goal that you want to meet. It could be to start a business, pay rent or anything. Maybe you just want to save a million naira, ten million naira or more. You create an account on PiggyVest and start saving. They pay you interest up to 13% on your savings. You can save daily, weekly, monthly or anytime you want. There is an option for you to automatically save. For example, you can decide to save between ₦50 to ₦20, 000 or more every day. Set up the amount you want to save and it will be automatically deducted from your account every day.

You can also decide to save weekly. For example you decide to save ₦1000 to ₦50, 000 a week or more. You can also set it up and the money will be deducted every week from your bank account. The same thing applies if you want to save monthly.

However, if you prefer to save whenever you want without money being automatically deducted from your bank account to save, there is also an option. It is a called QuickSave. You choose when you want to save. Just go to the app or website, login and save. However you want to save.

You can also choose to save with a friend, family, spouse or group of people. You need to agree with the people how much you want to save and for how long. Then start saving! Once it get to the date you set, the money will be send to each account of everyone saving.

When you save, there are few withdrawal dates in a year. The reason is to keep you disciplined. But you can withdraw anytime outside the withdrawal date with penalty.

There is an option to lock funds. If you have money that you don’t want to touch. Maybe it’s for house rent, school fees, business or anything. You can lock it and get 13% interest paid to you upfront.

A very good thing about this platform is that you can invest money. There are many startups that needs capital. You can look them up and pick the one good enough for you and invest. It is very easy. Just few clicks and you are done. For as little as ₦3000, you can start investing!

Imagine all the ₦100, ₦500, ₦1000 or even more that you waste every week or month. If you save them or invest them on this platform, you will be surprised how much you make in a year plus interest!

Create a Piggy account now

Is it safe to use PiggyVest?

It is safe to save money or invest money on this platform. They are duly registered as PiggyTech Global Limited – RC 1405222. In early 2018, they acquired a Microfinance bank and its license. They are also a registered cooperative with the name, Piggytech Cooperative Multipurpose Society Limited, with registration number 16555.

All the money saved on this platform is warehoused and managed by AIICO Capital, the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC).

Also, your card details are save. The details are not stored on their website. They partner with Paystack, A leading Nigerian payment processor which is PCIDSS-compliant to handle your details. The site is extra secured with an SSL encrypted connection.

How to save money on PiggVest

Follow these steps to save money on PiggyVest:

1. Create an account

The first step is to create an account. Creating an account is very easy. All you need is your phone number, password and name. Click here to create an account.

2. Choose your saving option

Once you create an account. There are different saving options. There is PiggyBank, Safelock and Target Saving. Pick which one suits you. You can read more about each of them below.

3. Set your details and start saving

If you pick Piggy bank, you have to set how much you want to save automatically and if it will be daily, weekly or monthly. You can also decide to save whenever you want manually. For Safelock, set how much you want to lock and when you want to withdraw. For target savings, set how much is your target. Invite friends if you want to join you and pick a withdrawal date

How to invest money with PiggyVest

Follow these steps to invest money with PiggyVest

1. Create an account

First step is to create an account.  The process is very easy. Click here to create an account

2. Navigate to investify

Once you are inside your piggyVesy account Dashboard. You will see many options on the screen. Click on investify or “invest for the future.” That is it.

3. Review investment opportunities and invest.

You will find various investment opportunities. Click on anyone you want and invest. The minimum amount you can invest in most opportunities is N3000. Some are more.

PiggyVest features

There are different features as it is explained below:


PiggyBank as the name implies is the PiggyBank on PiggyVest. That is where you save money. If you you are planing to save money personally to meet your goals then this feature is for you. Remember all those money you wasted on those meaningless things? No matter how small it is you can save it here. You also get to earn big interest on it.  In 1 year or two years, those little money will become big!.

If you save ₦100 every day, that is ₦36, 500 a year plus interest that may take it to ₦40, 000.  If you save ₦5000 every month that is ₦60,000 a year plus interest that may take it to over ₦67,000.

And if you decide to save ₦20,000 every month from your salary that is ₦240, 000 a year plus interest that can take it to over ₦270,000

You can save for as long as you want. The longer you save, the bigger the money and the bigger the interest.

You can automatically save money every day or every week or every month. The money will be automatically deducted from your bank account. If you do not like that, there is no problem as there is a feature called Quicksave. Quicksave allows you to save money manually whenever you want. If you choose the quick save options, you will need to login to the app or website to save manually when you want.

You can pause your savings at anytime and continue later. If you do not have money for a month to save, there is no problem, you can pause the savings or use quicksave.

You can also choose to increase the amount you save. Everything is in your hands.

You can withdraw from your PiggyBank instantly. But to encourage discipline, there are very few withdrawal date a year.

  • Every 31st of March
  • All 30th of June
  • Every 30th of September
  • Every 31st of December

You can also adjust this date yourself

Create an account here

Investify (Invest for the future)

Investify is one of the features on PiggyVest that help people invest in low risk investment opportunities. These investment opportunities are vetted and approved by the company. Every investment has it own protection. If you are worried about it being insured, read up before investing as every investment opportunities has different insurance coverage.

With as little as ₦3000, you can invest and get up to 25% return on investments.  Interest are paid monthly, quarterly or annually depending on investment. 

You can trade your shares at anytime or liquidate your investment at anytime

While these investment are from third parties. PiggyVest however do due diligence before approval. And they provide additional capital protection. You should read each investment carefully before investing.

There are various investment opportunities in agriculture, real estate, fixed income assets and more.

Safelock (Lock funds away)

Safelock is a feature on Piggy Vest that allow users lock up money until a particular time. You earn up to 13% of the money you lock. It works like fixed deposit.

It is very easy. For example, you have ₦300k to pay for your house rent in a year or for your children school fees or maybe you just stumble on some cash, you can use safelock to lock the money until you need it. That is to avoid spending it. Just set the amount you want to lock and how long you want to lock it. 

The interest will be paid to you upfront. Once the time you set is up, the money will be automatically released for you to use. You can have many safelock accounts.

The minimum amount of money you can lock is ₦1000.

Target savings

Target savings is a feature that enable users save money themselves or with friend and family or group of people to meet a particular target.  For example you plan to start a business in 12 months. You can create a target savings account to save solely towards that. You can also invite others to join you in saving. Once you meet 70% of the target, you can withdraw on your set date free. Target savings attract 10% interest.

If you are planning a trip with friends. You can create a target savings for it. Invite your friends and each of you can start saving.

the minimum duration you can set is 30 days.


PiggyFlex is the main account where all your interest, all your savings and target and paid into. From here you can withdraw or transfer money to other people.

For example, the money you save on your PiggyBank is sent here when you withdraw. Same as the one on your investify, safelock and target savings.

You can withdraw anytime from here to your bank account instantly.

PiggyVest interest rates

The platform pays you interest when you save money with them.

10% per annum on Core Savings(Piggybank Savings)

Over 13% per annum on SafeLock

10% per annum on both Target and Group Savings

PiggyVest points

The point is a system that reward customers for saving with the platform. You earn points for savings and you can convert points to cash.

How many points you earn depends on how much you save. Here is a breakdown:

N2000 – N4999 = 1 point
N5000 – N9999 = 2 points
N10000 – N49999 = 10 points
N50000 – N99999 = 25 points
N100000 and above = 55 points

The value of each point is N10. That is 1 Piggy Point = N10. 

PiggyVest customer care

Here are the customer care details:

Customer care phone number

The PiggyVest customer care phone number is 0700 933 933 933

Customer care email

The Piggy vest customer care email is

PiggyVest mobile app

The PiggyVest app is available for both Android and iOS devices. You can download it from the Google play store and app store. You can also click here and download whichever one suits you.

PiggyVest Head office address

The head office address of Piggy vest is located at 16 Boyle Street, Onikan, Lagos Island, Lagos, Nigeria

PiggyVest Website

The website is

PiggyVest login

You can login to your account anytime via the app or website. All you need is your email or phone number with your password.

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Editorial staff

Editorial staff is a platform that connects people with ideas, opportunities and latest trends in personal finance growth online and offline. It is the most read personal finance platform in Nigeria

Articles: 171


  1. Why put your money in the bank when you can earn, invest and cultivate a good saving habit with PiggyVest? Nice One Admin

  2. Please how do I get started. I want to invest a certain amount of money, I hope my interest would be paid monthly. Also i hope savings is different from investment. Thanks

  3. Can I continue to save more money into my safe lock account monthly or I can only save money there once and lock.

  4. I saved with piggyvest since January and I had money inside the app then I deleted the app and install it today cause it was tempting. I was expecting my interest in the dollar flex, my flex wallet, and my safe lock, when I logged in back I couldn’t find my money. What do you suggest about that

  5. My account is temporarily flagged and I need to unflag it but I don’t know how.
    Can I get some to assist was with how to unflag a piggy vest account.

  6. Please how do I know if my daily deduction that I set up is working? Am I supposed to be having alerts each time the money is being removed or it will be showing on my screen of the piggy vest app? Please I am confused here, kindly send me steps on how to go about it, please.

  7. Please I only set a daily target but you people keep deducting twice a day instead of once.. some cash is entering my piggy bank and my target account. How do I rectify this and the complete money that has been deducted from my account is not showing on my dashboard

  8. For safe lock, for example, you have a target to save 240,000 in 1 year and you want to start with 20,000, is it possible or do you have to put in the 240000 first and then lock it? Please how do I go about it?

  9. Please I want to understand… After I pay or buy an investment plan do I have to be paying monthly or it’s only once, then I wait for the returns?

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