How to Save and Invest Money with Piggyvest

Are you looking for a safe and reliable platform to save and invest your money? Look no further than PiggyVest.

PiggyVest is widely regarded as Nigeria’s best savings and investment platform, offering a variety of saving plans to help you grow your wealth. In this article, we’ll show you how to get started with PiggyVest, how to save and invest money effectively, and how to make the most of the platform’s features and benefits.

Saving Money

With PiggyVest, users can save at their convenience through automatic savings or QuickSave options. In addition, the platform enables users to save collectively with a friend, family member, spouse, or group of people, making it easier to achieve shared financial goals.

Withdrawals

PiggyVest allows users to withdraw money from their accounts outside of the designated withdrawal dates. However, there is a penalty fee associated with such withdrawals. On the other hand, the platform offers an exciting feature that allows users to lock their funds for a specific purpose, such as paying for house rent, school fees, or business expenses. This feature comes with an upfront interest payment of 13%, making it an attractive option for users who want to save and earn at the same time.

Investing

PiggyVest provides users with a convenient means to invest in startups with a minimum of N3000. The platform allows individuals to browse through a list of available startups and select the one that best aligns with their investment objectives.

How Safe Is PiggyVest??

PiggyVest is one of the best platforms for investing and saving money in Nigeria. Here are some reasons why you should consider using it:

• PiggyVest is registered and regulated by the Securities and Exchange Commission (SEC) and the Nigerian Investment Promotion Commission (NIPC), ensuring that the platform operates within legal frameworks.
• The platform has implemented strict security protocols and uses advanced encryption technology to protect users’ personal and financial information from unauthorized access.
• It also partners with reputable financial institutions, such as UBA and Sterling, to hold and manage users’ funds in highly secure and insured accounts.

• Has a team of experienced investment professionals who carefully vet and select the startups available on the platform, minimizing the risk of investing in high-risk startups.
• PiggyVest has a track record of successfully helping users save and invest their money, with over 3 million registered users and a 4.5-star rating on the Google Play Store.

How To Save On PiggyVest

To start saving money on PiggyVest, follow the steps:

1. Sign up for an account: If you don’t already have a PiggyVest account, sign up by visiting their website or downloading the PiggyVest mobile app from your app store.
2. Set up your profile: After creating an account, you’ll need to fill out your personal details and link your bank account/card to your PiggyVest account.
3. Explore savings options: PiggyVest offers various savings options such as the SafeLock, Target Savings, and many more. Explore the options available and choose the one that works best for you.
4. Set a savings goal: Determine how much you want to save and for what purpose. This will help you to stay focused and committed to your savings plan.

How To Invest On PiggyVest

To invest your money on PiggyVest, follow these simple steps:

1. Create an account: The first step is to create an account on PiggyVest. This can be easily done by signing up with your details.
2. Navigate to Investify: After logging in to your PiggyVest account Dashboard, click on the Investify or Invest for the Future button to access the investment page.
3. Review investment opportunities and invest: On the investment page, you will find a variety of investment opportunities available on the platform. Take your time to browse through them, research, and choose the one that suits your investment goals. It is important to note that the minimum investment amount for most opportunities is N3000.

What Features does PiggyVest offer?

PiggyVest provides various features such as PiggyBank, Group Savings, Investify, SafeLock, Target Savings, Flex, and others. Let us explore each of these features one by one.

PiggyBank

PiggyBank is where users can save money to achieve their financial goals. They have the option to save automatically or manually using Quicksave. As users save for a longer period, the interest they earn increases. They also have the flexibility to pause their savings or increase the amount they save.

While withdrawals can be made three to four times in a year, PiggyBank encourages its users to practice financial discipline by limiting the withdrawal dates. This approach promotes consistent savings habits and helps users to stay focused on their savings goals.

Group savings

PiggyVest allows you to save money with friends and family members. You can create a group and invite others to join, and everyone in the group can contribute towards a common savings goal.

Investify

Investify is another feature that enables users to invest in low-risk opportunities with returns of up to 25% per annum. PiggyVest vets and approves all investment opportunities, and each investment comes with its own protection.

Users have the option to trade shares or liquidate investments at any time. Before approval, PiggyVest performs thorough due diligence and provides additional capital protection for investors.

SafeLock

Safelock enables users to lock their funds for a specified period and earn up to 13% of the locked amount. Users have the flexibility to lock as little as N1000 and choose the duration for which they want the funds to be locked. Interest is paid upfront, and the funds are automatically released when the set time expires.

Target Savings

Target savings is another great feature that allows users to save towards a particular goal, either individually or as a group. Users can withdraw their savings for free once 70% of the target is achieved. The feature attracts a 10% interest rate, and users can invite others to join them in saving towards the target.

Flex

Flex is the primary account where users receive payments for their interest, savings, and target contributions. Users have the flexibility to withdraw or transfer funds to others from their Flex account.

PiggyVest Interest Rates

PiggyVest offers a lucrative annual interest rate of 10% on Core Savings, which includes PiggyBank Savings, Target Savings, and Group Savings. Additionally, their SafeLock feature boasts an impressive interest rate of over 13% per annum.

How Many Points Can I Earn on PiggyVest

PiggyVest utilizes a point system to incentivize its customers for saving with the platform. The platform offers points to customers who save, and these points can be exchanged for cash. The amount of points earned is directly proportional to the amount saved by the customer.

The point breakdown for PiggyVest’s reward system:

• Saving between N2000 and N4999 earns 1 point
• Saving between N5000 and N9999 earns 2 points
• Saving between N10000 and N49999 earns 10 points
• Saving between N50000 and N99999 earns 25 points
• Saving N100000 and above earns 55 points The value of each earned point is N10, meaning that each Piggy Point is worth N10.

PiggyVest Customer Support

PiggyVest offers multiple options for customers to contact their customer care team. You can get in touch with them via phone or email using the following channels:

To reach PiggyVest’s customer care via phone, simply dial 0700 933 933 933.

Alternatively, you can send an email to contact@piggyvest.com to get assistance from their customer care team. They are always ready to respond to any questions or concerns you may have.

PiggyVest Mobile App Download for Android and iOS Devices

The PiggyVest mobile application is compatible with both Android and iOS devices, and it is readily available for download from the Google Play Store and App Store. Customers can easily access and download the application by searching for it on their respective app stores.

In addition, customers can visit PiggyVest’s website to download the app directly from their website.

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Frequently Asked Questions (FAQs)

When Was PiggyVest Founded And Who Is The CEO?

The company was founded in 2016 by Somto Ifezue, Odunayo Eweniyi, and Joshua Chibueze. However, the current CEO of PiggyVest is Odunayo Eweniyi. Under her leadership, PiggyVest has experienced significant growth and has become one of the leading players in the Nigerian fintech industry.

Eweniyi is known for her innovative and forward-thinking approach to business, and she continues to drive PiggyVest’s success by providing customers with reliable, convenient, and user-friendly financial services.

How Long Does PiggyVest Withdrawal Take?

Depending on the withdrawal method selected, PiggyVest typically takes between 1-3 business days to process withdrawal requests. If a customer opts to withdraw funds to their bank account, it may take up to 3 business days for the funds to reflect in their account.

How Do I Complain To PiggyVest?

In the event that you experience any issues or have complaints about PiggyVest’s services, there are various channels available to contact their customer support team for assistance. The simplest way to lodge a complaint is by sending an email to contact@piggyvest.com or by calling their customer care hotline at 0700 933 933 933.

Did CBN Approve PiggyVest?

PiggyVest is licensed in Nigeria by the Securities and Exchange Commission (SEC) to provide financial services in compliance with all regulatory requirements. CBN is the apex bank responsible for regulating commercial and microfinance banks.

How Does PiggyVest Referral Program Works?

The PiggyVest referral program provides an avenue for users to earn extra incentives by recommending the platform to their acquaintances and loved ones. To partake in this program, users only need to share their unique referral code with others. When someone registers on the platform using their code and makes their first deposit, the referring user receives a cash bonus. As users refer more people, they increase their chances of earning more rewards.

How Is Interest Calculated On SafeLock?

SafeLock:

• Offers different interest rates based on the length of time you save your money.
• Interest rates are as follows:
  • 10-30 days: 6%
  • 31-60 days: 7%
  • 61-90 days: 9%
  • 91 days- 2 years: 10%
  • 2 years and above: 12.5%

What Is The Minimum Amount I Can Save On SafeLock?

The minimum amount you can save on SafeLock is N1,000.

How Do I Create a Target Savings Account?

• Log in to your dashboard.
• Click on the Savings sign at the bottom of the page.
• Select the Targets option.
• Create your Target by filling in the necessary details and saving it.
• You can invite your friends to join your Target.

That’s A Wrap!

For more practical examples of these features don’t forget to check out our most recent posts explaining what is Safelock, Target and Piggybank.