PiggyVest is a savings and investment service for people working toward financial goals, available on Android, iOS and the web. PiggyBank supports automatic daily, weekly or monthly savings as well as manual top-ups. SafeLock lets users set funds aside for 10 to 1,000 days, with interest paid upfront or at maturity. Target Savings supports personal goals and group savings challenges, while HouseMoney is for setting aside rent and household bills and states that it pays 15% interest per annum, monthly. Investify offers pre-vetted investment opportunities, with minimum amounts varying by opportunity. It can only be funded from a Flex Naira wallet, and some investments have a 1% processing fee. 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. The service is free, with no monthly fees or transaction charges; some products may have processing fees, and early withdrawals may incur penalties.
Who it is for
PiggyVest suits people looking for scheduled savings, dedicated goal funds, longer-term locked savings or investment opportunities. Its savings and investment features are available through Android, iOS and web apps.
What is good
- Supports daily, weekly or monthly automatic savings.
- SafeLock offers terms from 10 to 1,000 days.
- Target Savings includes group savings challenges.
- Offers pre-vetted investment opportunities through Investify.
- Provides two-factor authentication.
What to know first
- Investify can only be funded from a Flex Naira wallet.
- Some investments carry a 1% processing fee.
- Early withdrawals may incur penalties.
- Investment minimums vary by opportunity.
Verdict
PiggyVest offers several ways to set aside money, alongside investment opportunities with varying minimums. Its listed price is free, but some products may involve processing fees or early-withdrawal penalties.
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
