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How Legit is Piggyvest, How to Signup, and is Piggyvest Secured [Piggyvest Review]

Here you will get to know whether piggyvest is legit and secured, how piggyvest works, piggyvest signup, list of piggyvest products, and how to invest in piggyvest

Having carried out strict research for the best online savings platform (I have to be strict because money is involved *Lols*), The Piggyvest and Cowrywise are the best. Then between the two, when it comes to user-friendliness and more advanced security and Promptness – then piggyvest is the best. So in this post, I wrote a review for piggyvest. Note: I did this review because of the customer satisfaction I got from piggyvest. This post contains all you need to know about piggyvest. Again, you will be awarded N1,000 by piggyvest only if you register with their customer’s referal links. To get this advantage, click here to open your account.


Are you the type that finds it difficult to save? Are you aiming toward increasing your financial discipline? Then, I bet you never had a thought of a secured online banking system like the piggyvest. Piggyvest is a platform that helps you decide how you want to save your money and as well earn as you save. Yes, the world is developing the more, with this development, you can customize things to suit your taste.

So, when it comes to a better savings platform that will make you save no matter how your inability to save is, then, you can run to piggyvest by signing up with them. Piggyvest has so many savings options to suit your personality. If you are one of those people that can’t stay with cash without spending it, then you have an option in piggyvest that will suit you and encourage your savings. Be you the type that loves saving or the type that loves investing, then you are welcome. Grab your seat and a drink, as I take you on a discovery adventure about PIGGYVEST. You are Welcome.


PiggyVest is the first online “Savings & Investment” app in West Africa. It first launched as “Piggybank.ng” on the 7th of January 2016 as a savings-only platform. For 3 years, they offered ONLY savings to their users. Then in April of 2019 Piggybank.ng rebranded to “PiggyVest” and then began to offer DIRECT investment opportunities to users in addition to savings. 4 years on, they have continued to deliver excellent service to 350,000 users and counting, by helping them manage their finances in a very simple way. Combined, PiggyVest users save & invest billions of Naira every month that they would probably be tempted to badly spend.

The company was started by Somto Ifezue, Odunayo Eweniyi, and Joshua Chibueze, who first met at Covenant University, Nigeria.The platform also allows its users to earn money through interest from their savings. PiggyVest is an online saving and investment platform that gives everyone the ability to manage and grow their finances. It helps you save and invest with ease. 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. 

Also check this out: Review on Recharge and Get Paid [RAGP]

Security of piggyvest

is piggyvest secured?

In PIGGYVEST all your details, as well as your money, are secured. Piggyvest is adjudged one of the safest online platforms to save money in. All financial information is encrypted and stored to PCI DSS Level 1 compliant standards. … Additionally, all transmission to our banking partner and on our site is via an encrypted 256-bit HTTPS SSL connection.

Note: After opening account with piggyvest, you can log in with your fingerprint or facelock. But, I will advise you not to use this feature, as some phones have a malfunction and sometimes, allow other people’s fingerprint to unlock them. I give this advice to anyone I come in contact with that uses either piggyvest or cowrywise.


How Legit is piggyvest?

As at the time this post was written, Piggyvest does not have any record of scam or business failure. It is considered as the first and best when it comes to online savings. to answer the question of being legal, Piggyvest is registered as PiggyTech Global Limited, with RC 1405222. I hope this satisfies your curiosity. Again, Piggy Bank is a product of the microfinance bank policy of the CBN. It is a registered bank with the CBN, Nigeria Insurance Deposit Corporation [NIDC] and everything is insured. It is registered and located at Tesmot House, 3 Abdulrahman Okene Close, off Ligali Ayorinde, Victoria Island, Lagos, and you can contact them through:Contact Number: 0700 933 933 933, Email: contact@piggyvest.com

How piggyvest works

a) Piggyvest Savings:

Here you will find the list of piggyvest products. No matter your challenges when it saving, piggyvest has a particular saving that will suit you. HERE ARE THE TYPES OF SAVINGS AVAILABLE IN PIGGYVEST:

Core Savings (Piggybank)-

This is a normal piggyvest savings where you can just input the amount that you want to save at any point in time. To make it easier for you, you can set it on autosave whereby you select the amount to be debited from your debit card on a daily, weekly or monthly basis. Here, interest is accrued daily on your balance and paid monthly (available from the 1st of every month).


Your Safelock acts as your sub-account so that you can transfer and lock funds from your Piggybank wallet or your debit card for at least 10 days, without access to these funds until maturity. The SafeLock feature is one step further towards curbing the temptation to touch money that you have put aside as your savings. This type of savings is for people that finds it difficult to save and as well if you are planning to use your money at a particular time in the future. Note that you can’t withdraw until maturity. Interest is paid upfront into your Flex account and you can access it immediately for free. The minimum amount that may be kept in SafeLock is N1000 and upon maturity, N1,000 bonus will be given to you.

Target Savings-

With Target Savings, you are able to save consistently towards a particular financial goal. You can create a personal target or a Group savings challenge with your multiple users.

Save for your rent, vacation, a new gadget and even towards starting your new business with Target savings, and earn more money while at it! Interest is accrued daily and is paid at the end of your target. You can break target savings but you cannot break a locked target. Funds can only be accessed at the maturity date.


Investify is a PiggyVest feature that allows users to earn more on their savings by investing in pre-vetted, low-medium risk, primary and secondary investment opportunities.

Investment minimums vary by investment opportunities.

b) Interests

Here are the interest for any product/type of savings you chose:

10% per annum on Piggybank

Up to 15.5% per annum on SafeLock

10% per annum on Target 

10% per annum on Flex

7% per annum on Flex Dollar

Up to 25% on Investify

Sign up here and get ₦1,000.00

c) Withdrawal in Piggyvest

When it comes to financial discipline or saving more, piggyvest is the answer because it enables savers to put away funds that they don’t want to withdraw easily. 

You can withdraw for FREE only on set Withdrawal dates. You can set your own FREE withdrawal dates OR you can make use of the PiggyVest quarterly fixed FREE withdrawal dates which are:

31st March

30th June

30th September

31st December

The minimum amount you can withdraw from your Piggybank 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. Any day outside the Withdrawal days will attract a 5% penalty fee.

Sign up here and get ₦1,000.00

d) Other Exclusive Features Of Piggyvest


AutoSave, PiggyVest (Piggybank.ng) automatically debit a fixed amount of money (as set by the user) from a user’s debit card. The auto-debits period can be customized to be daily, weekly, or monthly.


A Flex Naira account is a flexible savings wallet where interests earned on all other PiggyVest wallets are paid. 

You earn an interest of 10% per annum on funds in your flex account but this is subject to a minimum of 4 withdrawals in a month. If you withdraw more than 4 times a month from your Flex account, you lose all your accrued interest on your Flex savings for that month.

Additionally, you can fund your Piggybank, Target, Safelock, Flex Dollar or Investify using funds in your Flex. On your free withdrawal days, you can also withdraw from your PiggyBank core savings to your Flex Account.

P.S: You can ONLY withdraw once every 10hours from your Flex account.


Flex Dollar is a feature that lets you save, invest and transfer funds in Dollars.

You can fund your Flex Dollar account from your Flex Naira wallet or your bank card. All you need to do is select an amount in Dollars you would like to purchase, then select a funding source and complete the transaction. You can fund your Flex Dollar account with as little as  $1.You get up to 7% per annum on your PiggyVest Flex Dollar account.

Interest rates are determined by the market behaviour at any given time.

I use PiggyVest to save & invest securely. Sign up here to get ₦1,000.00 to start your own savings journey

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