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Piggyvest Review; is Piggyvest safe? How does Piggyvest Work? Investment plans, Benefits, How to register

Is Piggyvest safe? How does Piggyvest Work? Read this comprehensive Piggyvest review to understand more about the company before you invest.

No doubt, there are so many fintech companies springing out and promising mouth-watering investment plans. One of them is Piggyvest (formerly known as Piggybank).

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PiggyVest (formerly piggybank.ng) is considered one of the largest online savings & investing platform in Nigeria. Their main aim is to help customers to save money that they would normally be tempted to spend.

In addition to this, they offer a mouth-watering interest rate. As we speak, they offer between 5% – 15% interest on savings and over 25% return on investments.

These offerings are just too good and that makes people become curious.

Many of the top questions asked by Nigerians include;

  • is piggyvest safe?
  • is piggyvest approved by cbn?
  • who owns piggyvest?
  • how does piggyvest work?
  • is piggy bank insured by ndic?
  • is piggyvest legit?
  • is piggyvest regulated by cbn?
  • is piggyvest registered with cac?
  • is piggybank registered with cbn?
  • is piggyvest approved by ndic?
  • is piggyvest insured?
  • which bank owns piggyvest?
  • how does piggyvest work in Nigeria?

… and more.

We will try to answer each of these questions among other things about this company. You deserve to know the truth.

Let’s start…

Piggyvest Review; is Piggyvest safe? How does Piggyvest Work? Investment plans, Benefits, How to register

Piggyvest Review; is Piggyvest safe? How does Piggyvest Work? Investment plans, Benefits, How to register

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Piggyvest is a financial technology (Fintech) company in Nigeria.  They offer online savings & investing platform in Nigeria.

Formerly Known as Piggybank way back in 2016 when they launched, Piggy vest has grown from a mere savings app to a platform for profitable investment opportunities.

According to the company website, (even though we could independently verify the information) the company is registered with the Corporate Affairs Commission (CAC) and the Nigerian Deposit Insurance Corporation (NDIC). Meaning your money is in dave hands.

Besides this, fintech companies in Nigeria along with other financial institutions are well regulated by the CBN to ensure strict compliance with operational rules.

In-terms of the legitimacy of the platform, I’m sure it’s legit before it can be allowed to operate for over a year in Nigeria. They are offering financial services and their customers do not violate a ny law by saving their money on their platform.

How I got to know about Piggyvest – My Personal Story!

The first time I heard of Piggyvest was in December 2019 and I had just started earning from my job. The pay was relatively fair and I could afford to spoil myself once in a while. So along the line, a couple of my friends who were using the platform to save a bit of their salary and make investments asked me to join but I didn’t sign up. The question on my mind back then was, “is piggyvest legit?” I went on with my enjoyment.

After the whole enjoyment phase and my eyes cleared, I was left with little cash in the bank. Then like a thief in the night, responsibilities and unforeseen circumstances landed on my neck. I nearly broke down.  Luckily my friends were able to lend me some cash to cover my expenses during that dreaded period

After surviving that ordeal, I didn’t need to be told twice to stop the misuse of my personal funds. Of course, it’s easier said than done especially if you’re an impulse buyer.  I revisited the idea of piggyvest and did my research online. I discovered that this was a legit financial institution. Immediately, I registered on the app and I’ve been grateful for it ever since.

Let me give you a tour of the platform

How does piggyvest work?

Piggyvest has an app that you can download from the Android Google Play Store or Apple iOS store. Once you download and install the app, it means you have a Piggyvest saving and investment app on your phone. On this app, you can register, verify your details, and be approved for usage. Once your account is activated, you can save some money to enjoy a good interest rate, and invest in their platform. You can fund the account directly from your bank account. You can also withdraw from Piffyvest to your bank with ease.

Basic Features

The Piggyvest platform is pretty standard, easy to navigate, and full of outstanding features like the ones I’m about to show you:

1. Savings, Savings, and Savings with Piggybank

Piggy bank is an essential part of piggy vest. It has an AUTOSAVE mode in which deductions can be made from your bank either daily, weekly or monthly.

If you happen to run into extra cash and you’d like to save a few bucks, there’s the QUICK SAVE option. Both options allow you to save directly from your bank account and as a reward, you gain the interest of 5%-15% per annum for your deposit.

2. Safe lock

This right here is why piggyvest is very unique. This feature allows you to set aside money for a period of time, untouched. Take it as a fixed deposit in a bank without the paperwork and stressful trips to the bank.

This feature in particular has helped lots of individuals set aside money to be able to fund their desired projects or objectives and again on the plus side, you’ll be paid interest of 6-15% per annum.

3. Flex Dollar

Tired of the current devaluation of the Naira right? Piggyvest has an option that allows you to save, invest, and transfer in dollars thus protecting your money from devaluation.

A lot of people who engaged in this back when $1 was N350 are now thanking their stars. This option protects your money from the fluctuations of the financial market. You can always convert it back to Naira when you want instantly.

4. Flex Naira

You remember all those interests I was talking about? This is where they are deposited. Another cool feature of this wallet is that you can fund all your other wallets from here including the Flex dollar wallet.

5. Target

As the name implies, this is a wallet instilled to help you reach a target goal. Let’s say you need money for a course program, you can use this to periodically save money towards achieving this goal. There’s also a periodic savings challenge on the platform which comes with its own perks.

Piggyvest Investment Options

Like I said earlier the beauty of Piggyvest is in the fact that you not only save but you have a chance to make your money work for you. Some of the sections where you can invest in this platform includes:

  • Fixed Income
  • Real-estate
  • Agriculture
  • Transportation

Each section comes with a whole array of packages from which you can choose from. Each investment package has its own returns and period and maturity so you can choose the one that best suits you.

All necessary information needed about an investment package is available on the platform. All you need to do is click. The piggyvest interest rate for investment could fetch you over 25% returns.

Benefits of Using Piggyvest to Save your Money

If you’ve not figured it out so far, let me give you a hand

  • Piggy Points: Not only does piggyvest help you save. They also award you points for doing so. These points can be converted to money and deposited in your flex Naira account.
  • Referral Bonus: You could earn a referral bonus of N1000 every time you refer someone to piggyvest. All they need to do is sign up using your referral link or phone number and voila! You get easy N1k
  • Automatic: You don’t need to be chased around with a reminder for you to remember to save. Once you set up the preferred time and amount, the system takes care of the rest instantly.
  • Higher interest rates than any bank in the country
  • Free of charges: The only charge you’ll ever receive on this platform is when you withdraw on a day other than the 3 withdrawal days chosen by you. This is meant to ensure you stick to your saving habit and it works. Trust me, no one likes to lose money.
  • Privacy and transparency: You might want to be sure “is piggyvest safe?” You can be assured that your personal data and card information is safe and isn’t shared with any third party. While registering, you have a personalized password which you can change at any time. Also, before you can withdraw, an OTP will be sent to that email to verify account ownership.

How to Register on Piggyvest

To register on PiggyVest is very easy.

Follow the instructions here;

Visit Piggyvest website here

Click on the “Create a Free Account” button

Fill in your Information and click “Create a Free Account”

Piggyvest Review; is Piggyvest safe? How does Piggyvest Work? Investment plans, Benefits, How to register
Piggyvest registration screen 1
Piggyvest Review; is Piggyvest safe? How does Piggyvest Work? Investment plans, Benefits, How to register
Piggyvest registration screen 2


You can download the PiggVest app or if you prefer, or you can create an account on the website. However, to enjoy the best experience of piggyvest, I recommend you download the piggyvest app. It’s available to both Android and IOS devices.

Login after verifying your account and set up your withdrawal information

Key in your ATM card information to activate your account ( you can use MasterCard, Visa, and Verve card)

Make your first deposit and select any savings plan ( that’s either daily, weekly, or monthly savings)

PiggyVest interest rate per month

Piggyvest saving terms are per annum (yearly). Interest is between 5% – 15% interest on savings and over 25% return on investments. Basically, most savers get 10% per annum (year) and 0.8% per month.

Who owns piggyvest?

Odunayo Eweniyi is Co-founder and COO of PiggyVest. She previously cofounded pushcv.com, one of the largest job sites in Africa with the largest database of prescreened candidates.

Is Piggyvest Secure?

PiggyVest uses the highest levels of Internet Security, and it is secured by 256 bits SSL security encryption to ensure that your information is completely protected from fraud.

Saving in Piggyvest VS Saving in Nigerian Banks – My personal opinion

“Banks exist for you to keep your money safe, so why waste your time with another savings platform?” If this is you, I feel obligated to enlighten you on this. If you grant me just two minutes, I’ll show you why you should ditch your bank and choose Piggyvest; the best savings platform here in Nigeria

I’m sure you’re well aware of the present economic situation of the country. With this recession, everything is inflated and the value of the Naira is going down drastically. Right now $1 is N500. It’s painful, instead of crying we must look for a solution

I believe leaving your cash in the bank to depreciate isn’t a wise choice at this moment. Rather, carve out a percentage of your earnings periodically, and secure it in a place that’s safe from devaluation and all those annoying bank charges.

Another thing is, if we tell ourselves the truth, sometimes, we get carried away with our spending and forget to put aside a sizable amount specifically on rainy days. It can be really messy when an emergency suddenly befalls you and you have no failsafe to get you out of it

PIggyvest Customer Care Address, Email, and Phone Number

If you have any challenges, you can always reach out to their customer care for help.

Piggyvest is located at:

  • Tesmot house, Abdulrahman Okene close, Victoria Island, Lagos, Nigeria.
  • contact@piggyvest.com
  • +234 700 933 933 933

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Francis-Mary Ononye

Francis-Mary is a content developer at InfoGuideNigeria.com. InfoGuide Nigeria team comprises Resource Persons and Consultants led by Ifiokobong Ibanga. Page maintained by Ifiokobong Ibanga. If you need a personal assistance on this topic, kindly contact us.

Ifiokobong Ibanga

Ifiokobong Ibanga is the founder of InfoGuideNIgeria.com. You can get in touch with him on Instagram @ifiokobong. If you need a personal assistance on this topic, kindly send a message. Much Love!

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