PiggyVest is an online platform that helps people save money and invest in various ventures. It offers up to 13% interest on savings and up to 25% return on investments for as little as 8 months. PiggyVest is widely regarded as the biggest online savings and investing platform in Nigeria.
PiggyVest provides various options for individuals or groups to save money daily, weekly, monthly, or anytime they want. PiggyVest offers automatic savings and QuickSave options for users to save at their convenience. PiggyVest also allows users to save with a friend, family, spouse, or group of people.
Users can withdraw money outside of the withdrawal dates, but there will be a penalty. PiggyVest also offers an option to lock funds for house rent, school fees, business, or anything, with a 13% upfront interest payment.
PiggyVest also offers an easy way to invest in startups with as little as ₦3000. Users can look up the startups and pick the one that suits them best.
Is PiggyVest Safe to Use?
PiggyVest is a safe platform for saving money or investing money. Here are some reasons why:
- Registration: PiggyVest is registered as PiggyTech Global Limited – RC 1405222. They acquired a Microfinance bank and its license in early 2018. They are also a registered cooperative with the name, Piggytech Cooperative Multipurpose Society Limited, with registration number 16555.
- Money Management: All the money saved on PiggyVest is warehoused and managed by AIICO Capital, the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC).
- Card Details Security: Your card details are safe on PiggyVest. They partner with Paystack, a leading Nigerian payment processor which is PCIDSS-compliant to handle your details. The site is extra secured with an SSL encrypted connection.
How to Save Money on PiggyVest
To save money on PiggyVest, follow these simple steps:
- Create an Account: Creating an account on PiggyVest is easy. You just need your phone number, password and name.
- Choose Your Saving Option: There are different saving options available on PiggyVest. Choose the one that suits you the most.
- Set Your Details and Start Saving: If you choose PiggyBank, set how much you want to save automatically and whether it will be daily, weekly or monthly. You can also save manually whenever you want. For Safelock, set how much you want to lock and when you want to withdraw. For target savings, set your target amount, invite friends to join you and pick a withdrawal date.
How to Invest Money with PiggyVest
To invest money with PiggyVest, follow these steps:
- Create an Account: Creating an account on PiggyVest is easy. You just need to sign up with your details.
- Navigate to Investify: Once you are logged in to your PiggyVest account Dashboard, click on “Investify” or “Invest for the Future”.
- Review Investment Opportunities and Invest: Browse through the various investment opportunities available on the platform and invest in the one that you want. The minimum investment amount is N3000 for most opportunities.
PiggyBank is where users save their money to meet their goals. Users can save automatically or manually using Quicksave. The longer they save, the more the interest. They can also pause their savings and increase the amount saved. Withdrawals can be made instantly, but discipline is encouraged with limited withdrawal dates.
Investify is a feature that enables users to invest in low-risk opportunities with returns of up to 25% per annum. Investment opportunities are vetted and approved by PiggyVest, and each investment has its own protection. Users can trade shares or liquidate investments anytime. PiggyVest performs due diligence before approval and provides additional capital protection.
Safelock allows users to lock their funds away for a specified period, earning up to 13% of the locked funds. Users can lock as little as ₦1000 and set the time they want the funds to be locked. Interest is paid upfront, and funds are automatically released when the set time is up.
Target savings enable users to save money towards a particular goal either by themselves or with others. Once 70% of the target is met, users can withdraw for free. Target savings attract 10% interest, and users can invite others to join in saving.
PiggyFlex is the main account where all the user’s interest, savings, and target are paid. Users can withdraw or transfer money to others from PiggyFlex.
PiggyVest Interest Rates
PiggyVest pays 10% per annum on Core Savings (PiggyBank Savings) and both Target and Group Savings. Over 13% per annum is paid on SafeLock.
Earning Points PiggyVest rewards its customers for saving with the platform using a point system. Customers earn points for savings, and these points can be converted to cash. The number of points earned depends on the amount saved.
- N2000 – N4999 = 1 point
- N5000 – N9999 = 2 points
- N10000 – N49999 = 10 points
- N50000 – N99999 = 25 points
- N100000 and above = 55 points
Point Value Each point earned is worth N10. Therefore, 1 Piggy Point = N10.
PiggyVest Customer Care
Contact Information Customers can reach PiggyVest’s customer care through the following channels:
- Phone number: 0700 933 933 933
- Email: firstname.lastname@example.org
PiggyVest Mobile App
Availability The PiggyVest mobile app is available for both Android and iOS devices. Customers can download it from the Google Play Store and App Store. Alternatively, they can visit PiggyVest’s website to download the app.
PiggyVest Head Office Address
Location PiggyVest’s head office is located at 16 Boyle Street, Onikan, Lagos Island, Lagos, Nigeria.
URL PiggyVest’s website is PiggyVest.com.
Accessing Your Account Customers can log in to their PiggyVest account anytime using their email or phone number and password via the app or website.