PiggyVest, since its launching in Nigeria in the year 2016 has been known to be one of the best saving and investment platforms. A complete review analysis on PiggyVest 2022 gives you insight details about the platform before you join.
PiggyVest, which was formerly known as piggybank.ng, is an online platform (app and web) that helps people in saving money in order to achieve their financial goals easily.
It also has some options that let users invest their money in some ventures and receive up to a 25% return on their investment in a period of 8 months or longer. Users can also earn up to 13% interest while saving money with PiggyVest App. Hence, they are said to be Nigeria’s largest online savings and investment platform.
What is the Function of PiggyVest?
PiggyVest strives to instill a savings culture in you so that when you receive any money, be it salary or other sources, you can quickly put some money aside before your expenses start to eat them all.
Now, look at it in this way. Say you have a financial goal that you wish to meet up within a given time frame. It could be weeks, months or years. It might also be for anything, including starting a new business, supporting an existing business or paying rent.
Let’s have the assumption that all you want to do is save a million naira, ten million naira, or even more than. All you have to do is to create an account on PiggyVest and start saving.
After creating a Piggyvest account, you can start having control of your finances by saving and investing your money using the Piggyvest app or their web app. They are easy to use and navigate.
Piggyvest offers a variety of savings and investment options that will surely suit your needs. Some of these options are;
| S/N | Name | Explanation |
|---|---|---|
| 1 | PiggyFlex | PiggyFlex is the primary account into which all of your interest, savings, and goals are deposited. You can withdraw money or send money to others from here. When you remove money from your PiggyBank, for example, it is transferred here. Same as your investify, safelock, and target savings accounts. You can make an instant withdrawal from here to your bank account at any moment You can take money out of your PiggyBank at any time. However, there are only a few withdrawal dates each year to encourage savings discipline. 31st of March 30th of June 30th of September 31st of December These dates can be adjusted to suit your plan. |
| 2 | Core Savings | You can save any amount of monePiggyVest has recently introduced an investment feature that allows you to invest directly in agriculture, production, and industries from within the app. One of the best features of this site is the ability to invest money. Many startups are in need of funding. You can research them and invest in the one that suits you best. It’s quite simple. You’re done in only a few clicks. You can begin investing with as little as N3,000! These investments, on the other hand, are from third parties. PiggyVest however, conducts due diligence prior toy using the app; the money will be deducted from your account and held in a secure account till you are ready to use it. You will however choose the number of days you want to withdraw each year. Any withdrawal made on a day other than the ones you specified will be subjected to a 5% fee. This is to assist you in maintaining your saving habit. |
| 3 | AutoSave | PiggyVest would help you save on a daily, weekly, or monthly basis. Imagine saving N500 every day for a month, and by the end of the month, you have N15,000 in the bank, plus interest. If you keep going like this, you’ll have roughly N180,000 by the end of the year. What a wonderful way to end the year. With this, you may choose how much you’d like to save and how often you want to save, either daily or weekly. Don’t worry if you don’t have any money on a certain day. That day will be skipped. You create your own piggyvest account here. |
| 4 | SafeLock | Oftentimes, you might want to save money for a specific purpose, such as getting a new gadget or upgrade, but when hunger comes, you realize you’ve already eaten half of the money. SafeLock allows you to lock up a portion of your savings until a specific date, meaning you won’t have access to it or be tempted to touch it until that date, and you’ll be paid up to 12% interest. |
| 5 | Investify | PiggyVest has recently introduced an investment feature that allows you to invest directly in agriculture, production, and industries from within the app. One of the best features of this site is the ability to invest money. Many startups are in need of funding. You can research them and invest in the one that suits you best. It’s quite simple. You’re done in only a few clicks. You can begin investing with as little as N3,000! These investments, on the other hand, are from third parties. PiggyVest however, conducts due diligence prior to their approval. They also give extra capital protection. |
| 6 | GroupSave | You can also use PiggyVest App to save as a group or with your family members. You must agree with the others on how much and for how long you wish to save. After the agreement, start putting money aside! When the date you specify arrives, the money will be sent to the accounts of each of the people who have been saving. Create a Piggyvest account here. |
With PiggyVest, How Do You Make money?
Just like we have stated earlier, PiggyVest is a savings and investment platform. People make money with PiggyVest through the interest they get when they save money on the App or the interest from any of the investments they did on the platform. Also, they have a referral program whereby you earn N1,000 for each referral you signed up to the platform.
What is The Interest Rate on a PiggyVest Account?
On Piggyvest’s savings plans members can earn up to 10% and 15% interest every year. While interest rates on the platform’s investment programs might be up 25%. On group savings, the interest can be as high 10% annually.
Is PiggyVest Approved by CBN?
PiggyVest is registered in Nigeria as PiggyTech Global Limited with Registration number – RC 1405222. They bought a Microfinance bank and its license in early 2018. Piggytech Cooperative Multipurpose Society Limited, with registration number 16555, is likewise a registered cooperative. So is Piggyvest approved by CBN? Yes, it is.
All funds saved on this platform are held and overseen by AIICO Capital, Nigeria’s largest asset management firm, which is registered and regulated by the Securities and Exchange Commission (SEC).
Your card information is also saved. Their website does not keep track of the information. They handle your information in collaboration with Paystack, a major Nigerian payment processor that is PCIDSS-compliant. With an SSL encrypted connection, the site is even safer.
How Much is a Point in PiggyVest?
What Are PiggyPoints?
PiggyPoints are another way PiggyVest rewards people who continuously save. This implies that the more money you put in your Piggybank and Target wallet, the more points you’ll gain. N10 is equal to 1 piggy point.
PiggyVest Point
This starts when you transfer a minimum of N2000 from your bank card to your Piggybank or Target wallet.
When it comes to Target Savings, you only gain points if the Target is set above 90 days.
This is a breakdown of the PiggyPoints;
- N2000 – N4999 equals 1 point
- N5000 – N9999 equals 2 points
- N10000 – N49999 equals 10 points
- N50000 – N99999 equals 25 points
- N100000 and above equals 55 points
PiggyVest Referral Program?
How To Earn N1,000 and Above from Piggyvest
You can make money with Piggy Vest through their referral programs or affiliate program, where you will immediately be credited with N1,000 for every person who signs up using your unique referral link, which you can find in your account’s profile section.
You can share your unique referral link on social media such as WhatsApp contacts, Facebook friends and more.
Carefully follow the instructions below to join.
- Click on the Create New account to register
- Put in your name (real name please), phone number and also provide them with your bank account details (for easy withdrawal)
- You’ll also need to attach your bank card and authenticate your account. A N100 will be charged from your card, but it will be refunded to your bank account instantly, so don’t worry.
- After that, a verification message will be sent to your mail.
- Also, you will receive a mail containing the download link of piggyvest’s app. You have to login to the app to generate your referral link.
- Navigate to the Account Tab, click on Refer to earn 1,000
- Now click on Account Tab, Then On Refer to earn 1000. A pop-up message will show, copy and begin to share to your friends.
Best Way to Operate PiggyVest
PiggyVest Login Procedure
Piggyvest login procedure is easy just as other websites. To login, kindly click here to visit their login page.
PiggyVest App Download
To download the Piggyvest android app, you can kindly download it from google playstore.
PiggyVest Dashboard
Once you have logged in to your account, the first screen that welcomes you is the PiggyVest dashboard. Here you can see other options and menus such as “Total Savings, Total Investment, Flex Dollar” etc.
How to Contact PiggyVest Customer Care
Piggyvest customer care has proven to be effective and reliable over the years due to their swift response at all times. You can reach them via the following ways.
Call: PiggyVest customer support number (0700 933 933 933)
Email: [email protected]
PiggyVest Details Review Conclusion
After all said and done, PiggyVest is considered to be a legit website that has come to stay like other digital companies with the purpose of helping individual and corporate businesses in their savings and investment plan at easy. If you have any question that is not addressed right here in this article, feel free to leave a comment or reach us via the contact page.
NOTE: We are not a part or staff of the Piggyvest company. This article is meant for enlightenment and education purposes.
