Piggyvest Review – Save & Invest Money While Earning Up to 25% Interest
PiggyVest is a safe online savings platform that allows you to save by combining discipline and flexibility to help you build your money.
PiggyVest is a safe online savings platform that allows you to save by combining discipline and flexibility to help you build your money.
Piggyvest began as a savings app named Piggybank in 2016, but when the firm expanded its service to include investing capabilities, it rebranded as Piggyvest.
What is Piggyvest and how does it work?
After creating a Piggyvest account, you can begin better managing your finances by saving and investing your money using the Piggyvest app or the Piggyvest online app on your journey to financial independence.
Piggyvest offers a variety of savings and investing alternatives to meet a variety of purposes.
You may save regularly (daily, weekly, or monthly) and even have an option to have a specific amount saved on Piggy vest whenever you spend money from your account.
Target Saving is a tool that allows you to save for a specific goal (e.g., a vacation or a car).
You may also undertake group savings by inviting friends to contribute to a certain financial objective. You may also use the app’s Safelock function to lock money.
Piggyvest’s Investify function also provides you access to low-risk investing alternatives, allowing you to increase your money and diversify your portfolio. You can also invest in guaranteed fixed-income possibilities and other investment alternatives in small quantities.
Is Piggyvest Legit and Safe?
Piggyvest Rating
5.0 Koboline Rating
Piggyvest receives a perfect score of 5 out of 5 for overall performance. It is one of Nigeria’s most effective savings and investment platforms. You may earn money by participating in the platforms’ savings and investing schemes, as well as recommending friends to the site. Piggyvest’s interest rates range from 8% to 25%. Depending on the type of savings or investing strategy you choose.
Pricing, user experience, simplicity of submitting a claim, website openness, and social media complaint data all go into determining Koboline ratings.
Interest Rate on Piggyvest
You may earn up to 25% each year, and there are around 4+ items on piggvest to help you better invest and manage your money over time, including:
- 10% per annum on Piggybank
- Up to 15.5% per annum on SafeLock
- 10% per annum on Target
- 10% per annum on Flex
- 6% per annum on Flex Dollar
- Up to 25% on Investify
Flex Naira
I’ll show you how each of these goods and investment possibilities operates and how you may benefit from them right now.
PiggyBank
This is one of the alternatives that allow you to automatically save money on a daily, weekly, or monthly basis, and you earn 10% per year.
=> Blizzard has just unveiled a whole new survival game.
This option was introduced to let you save without thinking; simply set it up and it will save for you according to your preferences.
Surprisingly, you’re only permitted four withdrawals per year on Piggybank, which helps you develop discipline and ensures that you meet your savings objectives sooner.
You have complete control over your settings and may modify them whenever you want.
This is a good approach to save money while you’re occupied with other things, in my opinion.
Set everything up, and the piggybank will take care of the saving.
This is a possibility worth considering.
Safelock is a good investment.
Invest safe lock is another piggyvest product that pays 6 percent to 13 percent interest each year.
What is the mechanism behind it?
Simple! But first, I’d want to ask you a brief inquiry.
Do you have a strong desire to spend your savings? Lol
I’ve been there and can relate to the fact that it might sometimes be spent on unimportant things.
This is where the Invest safelock system comes into play.
Your cash will be locked up for a set amount of time if you invest here.
Isn’t it cool?
It’s what invest safelock can help you with avoiding the urge to squander all of your money.
So you basically save a certain amount of money and keep it safe-locked for a period of time, say 10 months.
For example, if you’ve recently saved money for your rent, you may deposit it into your piggyvest account, add it to safelock, and keep it locked away until you need it.
In the words of Oga Sabinus, “Wise move.”
The following item on the list is Target Savings.
Savings Targets
I’m sure you appreciated the two examples above.
As I type, this is becoming more fascinating, hehe.
Now, target saving is a method of saving for a certain forthcoming undertaking.
maybe even Target!
Are you in the market for a new phone? wish to take a trip, and so on… You establish a goal and stick to it.
This is something you can do as a group as well.
Remember, you receive a 9% annual return on this one.
There’s one more item to add to the list.
Flex Naira
Okay, here you obtain an annual interest rate of 8%.
On Flex Naira, you essentially save for an emergency. Yes, “emergency funding” is the term to use in this situation.
It helps you be prepared in case one or two things happen and you require immediate finances, so you don’t have to run about borrowing and doing things like that.
It’s really nice since you can earn interest as well.
You can make a free withdrawal at any time.
That’s all there is to it.
Wait.
It appears like I’ve saved the finest for last.
This is the one that everyone is eager to finish.
Investify
Here, you may earn up to 25% in interest.
You may get started with as little as N5,000 and invest in a variety of areas like transportation, agriculture, real estate, and so on.
The majority of the confirmed offers pay up to 35%. (I see them in my piggyvest dashboard from time to time)
This is something you can put your money into and earn a return on.
Wait, there’s one more, and it will help you make money in dollars.
Flex Dollars
There’s no need to put in any effort here; simply deposit funds into your flex dollar account and you’ll earn 7% every year.
The fundamental goal is to keep the currency from depreciating.
When you join up for piggyvest, you may discover more about it in your dashboard.
Additionally, in addition to investing, you may earn an N1,000 referral incentive by asking your friends to invest; each of you will receive N1,000.
If you like something, you may tell your friends about it so others can benefit as well.
Sharing is a kind of love.
This is, of course, optional.
It’s simple to register; simply input your proper information, such as:
- complete name,
- e‐mail address
- mobile phone number etc.
and you should begin as soon as possible
When you’re finished, you’ll be able to fund your account and begin investing.
How to invest money with PiggyVest
To invest with Piggyvest, simply follow these steps:
1. Register for an account.
2. Go to your PiggyVesy account Dashboard and look for investify.
3. Examine the investment options and choose the one that best suits your needs.
Note that most opportunities on investify have a minimum investable amount of N3000.