- Home
- Savings Apps
- PiggyVest
PiggyVest
Victoria Island, Lagos, Nigeria
What it is
PiggyVest is a savings and investment service for people setting aside money for financial goals. PiggyBank can make daily, weekly, or monthly savings automatically, and users can also add money manually. SafeLock holds funds for a chosen period of 10 to 1,000 days, with interest paid upfront or when the term ends. Target Savings supports individual goals and group challenges, while HouseMoney is for rent and household bills and states an interest rate of 15% per annum, paid monthly. Investify provides pre-vetted opportunities, with minimum amounts that differ by opportunity. It can only receive funds from a Flex Naira wallet, and some investments have a 1% processing fee. The service is available on Android, iOS, and the web, and is free with no monthly fees or transaction charges; product fees and early-withdrawal penalties may apply. PiggyVest says it uses encryption and two-factor authentication, and that PV Capital Limited manages customer funds and is registered with Nigeria’s Securities and Exchange Commission.
For and against
For
- Supports daily, weekly, or monthly automatic savings.
- SafeLock offers terms from 10 to 1,000 days.
- Target Savings supports group challenges.
- Available on Android, iOS, and the web.
- No monthly fees or transaction charges.
Against
- Investify requires funding from a Flex Naira wallet.
- Some investments carry a 1% processing fee.
- Early withdrawals may incur penalties.
The verdict
PiggyVest combines several savings approaches with investment opportunities in one service. Check product-specific fees, withdrawal penalties, and Investify’s funding restriction before choosing how to use it.
Who it suits
PiggyVest may suit people looking for recurring savings, goal-based or group saving, fixed-term savings, rent planning, or investment opportunities.
Plans and prices
PiggyVest services
No transaction charges or monthly fees; some products have processing fees · early withdrawals may incur penalties
Read 30 Sep 2026 · piggyvest.com
On the record
- Automated savings
- PiggyBank supports automatic daily, weekly, or monthly savings, as well as manual top-ups.piggyvest.com · read 30 Sep 2026
- Company history
- PiggyVest says it launched as Piggybank.ng on January 7, 2016, and rebranded in April 2019 as it began offering direct investment opportunities.piggyvest.com · read 30 Sep 2026
- Fixed savings
- SafeLock lets users lock funds for 10 to 1,000 days and earn interest paid upfront or at maturity.piggyvest.com · read 30 Sep 2026
- Funds and regulation
- PiggyVest says customer funds are warehoused and managed by PV Capital Limited, which it describes as registered with Nigeria’s Securities and Exchange Commission.piggyvest.com · read 30 Sep 2026
- Goal savings
- Target Savings supports personal goals and group savings challenges.piggyvest.com · read 30 Sep 2026
- Investment limits and fees
- Investify can only be funded from a Flex Naira wallet, and some investments carry a 1% processing fee.piggyvest.com · read 30 Sep 2026
- Investment options
- Investify offers pre-vetted investment opportunities, and investment minimums vary by opportunity.piggyvest.com · read 30 Sep 2026
- Payment processors
- PiggyVest says it uses Paystack and Flutterwave, which it describes as PCI DSS compliant, to handle card details.piggyvest.com · read 30 Sep 2026
- Rent planning
- HouseMoney lets users set aside rent and household bills and states that it pays 15% interest per annum, monthly.piggyvest.com · read 30 Sep 2026
- Security
- PiggyVest says it uses 256-bit SSL encryption, encrypts card and bank data, and provides two-factor authentication.piggyvest.com · read 30 Sep 2026
- Support
- PiggyVest lists an office in Victoria Island, Lagos, and provides an email address, social accounts, and phone number for contact.piggyvest.com · read 30 Sep 2026
- What it does
- PiggyVest helps customers save and invest to achieve financial goals.piggyvest.com · read 30 Sep 2026
- Who it is for
- PiggyVest describes its savings and investment options as tailored to different needs, including regular saving, specific goals, long-term locking, and investing.piggyvest.com · read 30 Sep 2026
