PiggyVest Investment Full Details: Save and Earn in 2020. 

PiggyVest Investment Full Details: Save and Earn in 2020

About PiggyVest

PiggyVest is a savings and investment platform launched in 2016 and is primarily a savings app. Formerly known as Piggy Bank, they rebranded to become PiggyVest in 2019 and also began to offer investment opportunities to users besides savings.

It is a platform that wants to give everybody the power to manage and grow their finances better.

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PiggyVest App

The PiggyVest app is available on both Android and iOS and is very trust-worthy. It requires no deposit or monthly fees, and the interface of both the web and mobile applications are user-friendly. Saving with PiggyVest is not just safe and secure, but it also disciplines you by giving the option of locking your funds until the designated release date.

Click here To Visit PiggyVest Website

How Many Products Does PiggyVest Have?

PiggyVest has a variety of products for investments and savings. The savings part has five features. They include: Piggybank, Safelock, Targets, Flex Naira, and Flex Dollar.

1. Piggybank

This is the core online savings aspect of PiggyVest. Here, you can save any amount of money at any point in time from your bank account. There is also an Autosave feature that automatically withdraws from your account daily, weekly, or monthly (according to each user’s preference). An interest of 10% is paid per annum on this feature.

2. Safelock

This allows you to set money aside for a fixed period. You are denied access to these funds until maturity. If you decide to Safelock a particular amount of money, the funds are locked until the time you choose. This feature of PiggyVest is particularly useful if you need to save money for future purposes. (For instance, school fees or a car). The cool thing about Safelock is that the interest rate of 6%-15% per annum will be paid upfront.

3. Targets

Just as the name implies, Targets helps you save towards particular goals like house rent, school fees, etc. It also encourages group savings where each member has a payment frequency daily, and each group has how much they expect to have at the date of maturity. This feature is beneficial as it helps people with similar interests save towards a common goal. The interest rate is 10% per annum.

4. Flex Naira

Flex Naira is a flexible savings wallet where interests earned on all other PiggyVest features are deposited. As a user, you can fund your Piggybank, Target, Safelock, Flex Dollar, or Investify using funds in your Flex. The rule here is that you can only withdraw once every ten hours, with a maximum of four withdrawals. Once you exceed this maximum, all accrued interest on Flex savings will be lost. The interest rate on this feature is 10% per annum.

5. Flex Dollar

Flex Dollar allows you to save, invest, as well as transfer your funds in dollars. The market behaviors determine the interest rates here.

PiggyVest Investment Full Details: Save and Earn in 2020

How Do Investments Work on PiggyVest?

  • Investify: Investify is the investment part of PiggyVest. It gives you the option of earning more on your savings by investing in primary and secondary investment opportunities. These investments have low or medium risks and are usually in agriculture, real estate, and transportation.

Click here To Visit PiggyVest Website

Interest Rates on PiggyVest

The different interest rates available on PiggyVest are:

  • 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

Piggyvest Founders

The brains behind piggyvest are Odunayo Eweniyi, Joshua Chibueze and Somto Ifezue. These three persons have worked together for some years on different businesses before they decided to open up a savings and investment platform (known as piggybank) in 2016. And now, piggyvest has helped lots of Nigerians to conquer their savings issues.

Is PiggyVest Legit or Scam?

There is no doubt that many people have been a victim of most scam websites. As a result, everyone wants to know if piggyvest is a safe platform before investing in their offerings. Also, it is not easy to conclude that a program is legit just because of what the program says about themselves as they would do anything possible to convince you. But, at least you can know if a website is safe by reading what people are saying about them on social media, online forums (nairaland, quora, and other top review websites).

PiggyVest, unlike other investment sites, has a physical office with which you can make direct inquiries or physical contact.

Click here To Visit PiggyVest Website

How Does PiggyVest Works?

Piggyvest gives you the ability to save money in any way that you want. You can decide when to save and how much you want to save anytime. For instance, the platform allows you to save between N50 — N25,000 daily, N1,000 — N100,000 weekly, and N3,000 — N500,000 monthly. You can use the autosave feature to deduct the money from your bank account monthly. So, you won’t have to be saving it manually.

Piggyvest has 3 different types of savings. You can choose any of the options which include core saving, save lock, and target savings depending on your need. All the savings options are discussed below.

Core Savings

Piggyvest core savings plan allows you to keep your savings for the number of days that you specify. All of your savings would remain on the core savings and you can withdraw it anytime if the number of days that you decide to save the money is over. This means that the full amount you save would not be available for you to withdraw if the days you set to keep it is not yet complete. However, you can decide to withdraw the money before the days are over but it would attract a 5% penalty. For instance, if you save N10000 and select that you want to keep the money for 40 days, you would not be able to withdraw the full amount until after 40 days. But, if you decide to withdraw the money before the days are over, you would have to give away 5% of the money which is N500.


Safelock is another saving option that allows you to earn up to 15.5% interest per annum. It’s a fixed saving which is usually paid upfront. With piggyvest safe lock feature, you can transfer and lock funds from your debit card or piggyvest wallet for some days. You would not have access to this fund until the desired time you set is over. For instance, if you transfer N15000 to piggyvest safe lock for 60days, you won’t have access to the money till the days are over. This helps you stay disciplined as you will never be able to touch the money you’ve set aside for savings. The minimum amount you can keep in a safe lock is N1000. The interest depends on the number of days you choose. And, you will earn more interest with safe lock than other saving options. Piggyvest gives you the option to have more than one safe lock in one account. You can decide to create as much as you would like it if it’s meant for different purposes. You can have a safe lock for your birthday, vacation, wedding, etc.

Click here To Visit PiggyVest Website

Target Savings

Target saving allows you to save towards your financial goal. With the piggyvest target savings, you can start up a personal target or a group savings challenge. You can save for weddings, house rent, vacation, etc. Also, you can save toward starting your own business with target savings. Unlike a safe lock, you can decide to withdraw the funds before the maturity date but you would lose your interest and 1% processing fee. You should know that you cannot break a locked target. You can only access locked funds at their maturity date. Also, you would be required to know that all funds must be sent to your PiggyFlex account before you can be able to withdraw it directly to your bank account.

What is Piggyvest Interest Rate?

The interest rate of PiggyVest depends on the type of saving option that you choose. How they pay the interest with each saving options are discussed below.

PiggyVest Investment Full Details: Save and Earn in 2020

Click here To Visit PiggyVest Website

Core Savings (Piggybank)

This is the default saving option. All your savings will display here and you can withdraw or move funds to other saving options. The core savings interest rate is accrued daily on your balance. They would pay out the interest monthly which would be made available on the 1st of each month.


The interest rate with safe lock is paid upfront into your piggyflex account. You can access it immediately for free anytime.

Target Savings

Target saving interest rate is accrued daily and is paid at the end of your target.

Here’s how the interest works

  1. You earn 10% per annum on piggyvest and target savings.
  2. Safelock earns you up to 15.5% per annum
  3. With piggyflex, you earn 10% per annum and 7% on flex dollar.
  4. You earn up to 25% on investify.

That’s how the interest works. You can also be earning up to 25% on investify.

Click here To Visit PiggyVest Website

How Does PiggyVest Referral Program Works?

One of the ways you can be earning a good amount of money while you save on piggyvest is by referring people to the platform. Once you’ve signed up and your account is valid, you can start referring people to piggyvest with your referral link. Each person you refer earns you N1000 which they’ll pay into your safelock. The money will mature to your flex account after 10 days once the person you refer to is valid.

How to Withdraw Your Saving

To withdraw your savings, you should have filled in your bank details in the withdrawal settings on your piggyvest account. If you have not done so, you need to do it before you can make a withdrawal request. Once you’ve set up your withdrawal settings, you can then click on the “withdraw” option on your dashboard. After that, input the amount you would like to withdraw and they’ll credit the money into your bank account within 3 hours. You can only withdraw without any extra charges onset withdrawal dates. You can set your own withdrawal date or make use of the piggyvest free withdrawal dates. However, your free withdrawal date can only be once in every 3 months.

Click here To Visit PiggyVest Website

PiggyVest Investment Full Details: Save and Earn in 2020

PiggyVest Review, what about Withdrawal from PiggyVest

You can withdraw your savings from Piggyvest bank anytime you wish based on your settings. Since you can’t withdraw funds that have been safelocked.

If you did not set your withdrawal option then Piggyvest will work with their default settings which only allow you to withdraw 4times in a year.

  • 31st March
  • 30th June
  • 30th September
  • 31st December

Any Withdrawal made by default outside the withdraw date will attract a 5% penalty fee.

The minimum amount you can withdraw from your Piggyvest account is 3000 naira and there’s no maximum to which you can withdraw.

You can only withdraw once in a day: If any withdrawal must be made then it should be after 24hrs.

You also Earn Points from Your PiggyVest savings

Piggyvest also gives Points to users when you save a certain amount in your wallet. The more you save the more points your get which can be converted to cash for easy withdrawal.

PiggyVest Investment Full Details: Save and Earn in 2020

How Do I Earn Piggy Points?

  • For every N2000 to N4999 savings, you will earn 1 point
  • For Every N5000 to N9999, you will earn 2 points
  • For every N10000 to N49999, you will earn 10 points
  • For every N50000 to N99999, you will earn 25 points
  • For every N100000 and above you will earn 55 points

1point = 10Naira. So the more savings you make the more points you earn which you can convert to cash.

How to Join PiggyVest

You can register directly from Piggyvest website or follow the below instructions to register using the PiggyVest app.

Click here To Download the app

PiggyVest has more than 400,000 downloads as well on Play Store. It’s rating from 8,158 users is 4.3 Stars. While several users praised the app.


A good market they say sells itself. PiggyVest tries to reward savers on the platform when they invite others to join them to save with PiggyVest. PiggyVest pays you and your friend #1000 each when they register on the platform through you. Thus you get rewards for bringing your friend and your friend also gets a reward for joining.

Thus you must perform the 3 steps.

i. Fund at least #100 in their flex account.

ii. Save up to #1000 in their piggyBank wallet

iii. Save up to #2000 in their safelock.

Once you have successfully done the 3 processes, after about 10 days, the bonus will be paid into your flex wallet where you can easily withdraw.

You can reach out to me to ask me any question and I will answer from my own personal experience: Olasiyan Oluwaseun | 08060477551 | http://wa.me/2348060477551


In conclusion, PiggyVest helps you save and offers you the option of increasing the value of your savings. It also mitigates risks associated with investment by carefully scrutinizing opportunities before making it available to its customers.