About PiggyVest (2024)

FAQs

About PiggyVest? ›

With PiggyVest, you can stop spending excessively and put away (and grow!) funds that you do not want to touch. You can choose to save little amounts of money periodically (Daily, Weekly or Monthly) towards a specific target OR lock away funds for a specified period of time.

With PiggyVest, you can stop spending excessively and put away (and grow!) funds that you do not want to touch. You can choose to save little amounts of money periodically (Daily, Weekly or Monthly) towards a specific target OR lock away funds for a specified period of time.

Your security is our priority

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

The minimum amount you can withdraw from your Piggybank account is N3000 and there is NO maximum. You can withdraw all of your funds whenever. However, fixed free withdrawal dates still apply. PS: You can ONLY withdraw once in 24hours.

Investify is for PiggyVest users looking to build their investment portfolio and go beyond saving. With this feature, you can earn up to 35% annual interest by investing in safe, low-to-medium risk, primary and secondary investment opportunities.

One common criticism is that the returns on certain investments might not always meet the expectations of users, leading to some disappointment. The app's withdrawal process, though generally smooth, has encountered occasional technical glitches, causing delays in accessing funds for urgent needs.

As Piggybank.ng, we operated in partnership with 2 Microfinance banks and used their licenses. However, in early 2018, we acquired Gold Microfinance bank and its license. We are also a registered cooperative- Piggytech Cooperative Multipurpose Society Limited (Registration number, 16555).

Piggyvest. Piggyvest is licensed by the CBN as a microfinance bank and it is insured by Nigeria Deposit Insurance Corporation (NDIC). PiggyVest provides its customers with savings and investment tools.

Simple investments with great returns

With minimum investments starting as low as N5,000, investment is no longer out of reach. Everyone is welcome.

Your eligibility to use this Website also depends on the country you reside in. Currently, this Website operates only in Nigeria, and is only available to users who have Nigerian bank accounts.

How much is the PiggyVest interest rate? ›

Target Savings on PiggyVest is the best way to reach your unique savings goals — individually or as a group. It allows you to set a financial target and save consistently towards this goal — all while earning an interest of 12% per annum.

You can withdraw anytime you want, however to ensure there's discipline and you don't withdraw carelessly, withdrawing outside your withdrawal day attracts a 3.5% breaking fee on the amount you are withdrawing from your Piggybank™.

Every PiggyPoint earned is worth N10 and you earn PiggyPoints by saving frequently. SO basically, the more you save, the more PiggyPoints you earn. To get 1 point, you need to save N2,500 using the quicksave option. i.e if quicksave N25, 000, you get 10 points!

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 is Legit! PiggyVest, unlike other investment sites, has a physical office with which you can make direct enquiries or physical contact.

Bank Grade Security

PiggyVest uses the highest levels of Internet Security. To ensure that your information is completely protected from fraud, we use 256 bits SSL security encryption. Additionally, our payment processors are PCI-DSS compliant ensuring security of your data.

Investments simplified

With minimum investments starting as low as N5,000, investment is no longer out of reach. Everyone is welcome.

You can withdraw anytime you want, however to ensure there's discipline and you don't withdraw carelessly, withdrawing outside your withdrawal day attracts a 3.5% breaking fee on the amount you are withdrawing from your Piggybank™.

Reach all your unique savings goals individually, or as a group. Earn up to 12% p.a.

PiggyVest is the first online “Savings & Investment” app in West Africa. We first launched as “Piggybank.ng” on the 7th of January 2016 as a savings-only platform.