PiggyVest Investment App Review (2025): Is It Safe and Profitable in Nigeria?
In the fast-changing world of digital finance, Nigerians are becoming more interested in saving and investing their money securely online. Among the many platforms available today, PiggyVest stands out as one of the most trusted and widely used investment apps in Nigeria.
Discover everything about the PiggyVest investment app in Nigeria (2025). Learn how to save, invest, earn high interest, and secure your finances with this trusted fintech platform.
Whether you’re looking to build your savings, earn passive income, or invest in credible opportunities, PiggyVest offers you a flexible and easy-to-use platform right from your smartphone. In this article, we’ll give you a complete PiggyVest investment review for 2025, including its features, benefits, safety, how to earn money with it, and whether it’s the right financial tool for you.
What is PiggyVest?
PiggyVest (formerly Piggybank.ng) is a Nigerian fintech company that allows users to save and invest money with ease. Launched in 2016, it started as a savings-only platform but has now grown into a full-blown wealth management app offering various savings plans and low-risk investment options.
With over 4 million users and counting, PiggyVest has become a household name for Nigerians who want to grow their money outside traditional banks.
Is PiggyVest Registered and Safe?
Yes, PiggyVest is safe, secure, and CBN-compliant. It partners with licensed asset management companies registered with the Securities and Exchange Commission (SEC) in Nigeria. It also uses bank-grade encryption, and your funds are held by Providus Bank, a CBN-licensed institution.
Security Measures:
Two-factor authentication (2FA)
Bank Verification Number (BVN) linkage
AES-256 encryption for data protection
Regulated investment partners
PiggyVest also guarantees your savings through insurance managed by their partner microfinance institutions, giving users peace of mind.
Why Choose PiggyVest?
PiggyVest is designed for everyday Nigerians who want:
A secure place to save money
Access to investment opportunities
A simple, user-friendly financial app
Higher interest than regular bank savings accounts
Whether you’re saving for rent, school fees, travel, or emergencies, PiggyVest helps you stay disciplined and earn interest on your money.
Key Features of PiggyVest
Let’s break down the major features of the PiggyVest app and how they work:
1. Piggybank (Automated Savings)
Save daily, weekly, or monthly automatically. You can lock in a fixed amount and let PiggyVest deduct it automatically from your account.
Interest rate: 8% per annum
Withdrawal is only allowed on free days (4 times a year) to encourage saving discipline.
2. SafeLock (Fixed Savings)
This is like a fixed deposit. You lock away a portion of your money for a set period and earn higher interest.
Interest rate: up to 13% per annum
No withdrawal until the maturity date
Great for users saving toward a specific long-term goal like wedding, school, or business capital.
3. Target Savings
You can set a target (e.g., ₦200,000 for rent by October) and contribute toward it gradually.
Interest: 8% annually
You can create public or private targets (group contributions also allowed)
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4. Flex Naira (Flexible Wallet)
This is your main wallet for withdrawing funds, receiving interest, and making transfers.
Interest: up to 8% per annum
Withdraw at any time
5 Flex Dollar (Dollar Savings)
Save in US dollars and hedge against Naira devaluation.
Interest: up to 7% in USD
Great for freelancers, exporters, or anyone earning in foreign currency
6. Investify (Investments)
PiggyVest’s investment marketplace, offering vetted low-risk opportunities such as:
Agriculture
Real estate
Transportation
Fixed income instruments
You can invest from as low as ₦5,000 and earn up to 25% ROI depending on the opportunity.
How Does PiggyVest Make Money?
PiggyVest earns revenue by partnering with SEC-licensed fund managers and charging small fees on investment profits. They also earn from interest accrued on pooled user funds and reinvestment into safe financial instruments like treasury bills, commercial papers, and mutual funds.
PiggyVest Interest Rates Breakdown
Feature Interest Rate Withdrawal Frequency
Piggybank 8% p.a Quarterly (Free days)
SafeLock Up to 13% p.a Locked till maturity
Target Savings 8% p.a Set by user goal date
Flex Naira 8% p.a Anytime
Flex Dollar 7% p.a Anytime in USD
Investify Up to 25% ROI Maturity varies by project
How to Use PiggyVest (Step-by-Step
Download the App: Available on Google Play Store and Apple App Store.
Sign up: Use your phone number, email, and BVN.
Verify your account: Link your bank, enable 2FA, and verify your BVN.
Choose a saving plan: Pick from Piggybank, SafeLock, Target Savings, etc.
Start saving/investing: Fund your wallet using card, transfer, or bank top-up.
Monitor your growth: Check your balance, interest earned, and investment returns daily or monthly.
Withdraw anytime: From Flex Naira or after maturity (depending on plan).
Pros and Cons of PiggyVest
Pros:
Secure and registered platform
Variety of savings and investment options
High interest rates
Automatic and disciplined saving system
Great for both Naira and Dollar savings
Transparent and user-friendly app
Cons:
No physical office for customer service
Early withdrawal penalties on some plans
Not suitable for people without BVN
Who Should Use PiggyVest?
PiggyVest is ideal for:
Students saving for tuition
Salaried workers looking to save rent or invest passively
Small business owners who want to build capital
Freelancers saving income in dollars
Anyone interested in low-risk investing with high interest returns
If you struggle with impulse spending, PiggyVest helps you build a financial habit over time.
Real User Testimonials
“I’ve been using PiggyVest for 3 years. I was able to save ₦500k for my business without stress. The interest is a bonus!” – Ada, Lagos.
“Investify has helped me invest in agriculture and earn better returns than traditional banks. Highly recommended.” – Chinedu, Abuja.
FAQs About PiggyVest
Is PiggyVest legit or scam?
PiggyVest is 100% legit. It is one of the most transparent and regulated fintech platforms in Nigeria.
Can I lose my money on PiggyVest?
No. Your savings are insured, and investments are only in low-risk, verified opportunities.
Can I withdraw before the due date?
Only on Flex Naira and Flex Dollar. For other plans like SafeLock, early withdrawal is not allowed to encourage discipline.
How does PiggyVest calculate interest?
Interest is calculated daily and paid monthly, depending on your savings plan.
Is PiggyVest better than a bank?
Yes, for savings and fixed investments. It offers higher interest, more discipline, and better transparency.
Final Verdict: Is PiggyVest Worth It in 2025?
Absolutely! PiggyVest remains one of the best fintech apps in Nigeria for saving, investing, and growing your money without stress. Whether you’re new to personal finance or a seasoned saver, PiggyVest has a plan that fits your needs.
From automated saving plans to verified investment opportunities, it helps Nigerians take control of their money and build a financially secure future.