Piggyvest is a digital platform that aims to make saving and investing easier, more accessible, and more rewarding for everyone.
In this blog post, we will explore how Piggyvest works and how its app can help you achieve your financial goals.
What is Piggyvest?
Piggyvest is a Nigerian fintech startup that offers a digital platform for individuals to save and invest their money easily and conveniently. It was founded in 2016 and has since helped many people cultivate the habit of saving by providing different savings options like the SafeLock plan, which allows users to lock their savings for a specific period and earn interest, and the Flex Naira plan, which allows users to save and withdraw money anytime.
Piggyvest also offers investment options, such as fixed income, real estate, transportation, and Agriculture, to help users grow their money. With its mission to give everyone the power to better manage and grow their finances, Piggyvest is becoming a popular option for people who want to save and invest in Nigeria.
Who Owns PiggyVest
PiggyVest was founded by Odunayo Eweniyi in January 2016, initially operating under the name “Piggybank.ng” as a savings-only platform. In April 2019, the platform was rebranded as “PiggyVest,” expanding its services to include direct investment opportunities in addition to savings. Since then, PiggyVest has been committed to providing individuals with a user-friendly and transparent way to manage their finances. With a growing customer base, the platform’s mission to empower everyone to better manage and grow their finances is steadily becoming a reality.
How does Piggyvest work?
Piggyvest works by providing users with a platform to save and invest money. Users can create different savings plans, set savings targets, and automate their contributions. Piggyvest also offers investment options, such as Treasury Bills, Mutual Funds, and Agriculture, to help users grow their money.
Steps to Start Saving And Investing In Piggyvest
Here are the steps to start saving and investing in Piggyvest:
Download the app: Piggyvest is available for download on both iOS and Android devices. Once you have downloaded the app, sign up and create an account.
Set up a savings plan: Piggyvest offers different savings plans, such as the SafeLock plan, which allows you to lock your savings for a specific period and earn interest. You can also set up a Flex Naira plan, which allows you to save and withdraw money anytime.
Automate your savings: To make saving easier and more consistent, you can set up automatic transfers from your bank account to your Piggyvest account.
See also: How To Contact Piggyvest Customer Care
Invest your savings: Piggyvest offers various investment options, such as Treasury Bills, Mutual Funds, and Agriculture, to help you grow your money.
Monitor your progress: You can track your savings and investment progress on the Piggyvest app. You can also set up notifications to remind you of your savings goals.
Piggyvest App Features
The Piggyvest app has several features that make it easy and convenient to save and invest money. Here are some of the app’s key features:
Savings Wallet: The savings wallet is where you keep your saved funds. You can create different savings wallets for different savings goals, such as rent, school fees, or vacation.
SafeLock: SafeLock is a savings plan that allows you to lock your savings for a specific period and earn interest. The longer you lock your savings, the higher the interest rate you earn.
Flex Naira: Flex Naira is a savings plan that allows you to save and withdraw money anytime. This plan is ideal for people who need easy access to their savings.
Investify: Investify is Piggyvest’s investment platform. It offers different investment options, such as Treasury Bills, Mutual Funds, and Agriculture. You can choose an investment option that suits your risk profile and investment goals.
Group Savings: Group Savings is a feature that allows you to save with friends and family. You can create a savings group, invite members, and contribute towards a shared savings goal.
PiggyPoints: PiggyPoints is Piggyvest’s rewards program. You earn points for every activity you perform on the app, such as saving, referring friends, or investing. You can redeem your PiggyPoints for cash or other rewards.
See also: How To Contact Piggyvest Customer Care
Piggyvest Interest Rate
Piggyvest offers different interest rates depending on the savings plan or investment option chosen by the user. Here are the interest rates for the year 2023 and is subject to change at any time
- Piggybank – 10% per annum
- SafeLock – Up to 13% per annum
- Target – 9% per annum
- Flex Naira – 8% per annum
- Flex Dollar – 7% per annum
- Investment – Up to 20% – 25%
Saving and investing money is crucial for financial stability and security. Piggyvest makes it easier and more rewarding to save and invest money using technology. With its different savings and investment options, Piggyvest caters to different needs and lifestyles. Download the app here to get started on your saving and investment journey.