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  • What is PiggyVest

  • What is PiggyVest?

    PiggyVest (formerly piggybank.ng) is a simple app that 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. 

    We take away the stress by combining simplicity, discipline, convenience, and flexibility to enable you to manage your finances better and achieve financial freedom.

  • How do I know what Plan is right for me?

    All of the savings and investment options on Piggyvest are tailored towards a particular need. 

    • If you'd like to regularly put away money for your Savings and withdraw only once a quarter, then the Piggybank wallet is right for you. You can set it so that money is taken from your account and you don't have to worry about saving manually. 
    • If you're saving towards a particular goal such as rent or travel, Target Savings is a great option. You can invite friends and make it a fun challenge to smash all your financial goals. 
    • If you're looking for something geared towards the long term, The SafeLock feature is perfect for you. With higher interest rates, you could lock away funds you don't need access to and make even more money by doing so. 
    • If you're looking to get started on investments or diversify your portfolio, then Pre-vetted, low-risk investment opportunities are regularly available on Investify to help you grow your money.

  • How do I start saving on PiggyVest?

    To start saving on PiggyVest:

    • Visit the website or download the app to create an account.
    • Set up your withdrawal account details; this is the bank account that funds you withdraw will get sent to.
    • Enter your debit card details to activate your account and then make your first deposit. (You may use a MasterCard, Visa or Verve card from any Nigerian bank). 
    • You may now proceed to use any of the Savings Plans to start your daily, weekly or monthly savings.

  • Are there Bank Charges when you deduct from my account?

    No! it's completely FREE. There are no bank charges for transferring money to your PiggyVest account.

  • How much can I Start with?

    You can ONLY save between:
    N50 - N25,000 daily,
    N1000 - N100,000 weekly, 
    or N3,000 - N500,000 monthly

    However, you can always top up your savings at any time using the Quicksave option which allows you to add up to N500,000 per time.

  • Safety & Security

  • How safe is PiggyVest?

    All financial information is encrypted and stored to PCI DSS Level 1 compliant standards. PCI DSS Level 1 compliance is a set of rules stated by credit card companies and audited by an independent third party.

    It is the highest possible rating one can get in the electronic payment processing industry. Additionally, all transmission to our banking partner and on our site is via an encrypted 256-bit HTTPS SSL connection.

  • Does PiggyVest have an Office?

    Yes! We are located at No 16 Boyle Street, Onikan, Lagos Island, Lagos, Nigeria.
    Contact Number: 0700 933 933 933

  • Are my Card details Safe?

    Your security is our major priority, so we work with a PCIDSS-compliant payment processor, Paystack to handle your card details. 

    Your card details are extremely safe and are warehoused where they can never be compromised.

  • How Secure Is My Money?

    As Piggybank.ng, we operated in partnership with 2 Microfinance banks and used their licenses. However, in early 2018, we acquired Gold Microfinance bank and its license. We are also a registered cooperative- Piggytech Cooperative Multipurpose Society Limited (Registration number, 16555). 

    All saved funds are warehoused with and managed by AIICO Capital, the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC).

  • Piggybank™ Savings

  • Do I have to login every time I want to save?

    No, everything is done automatically once you have set up your Autosave, except you want to top up your savings using the QuickSave option. 

    To keep track, all transactions on your debit card will be visible on your dashboard. We will also send an email receipt to you every single time you save with your card, and your bank will send you an alert as well. It's 100% secure.

  • What happens when I finally have money and I missed some days, weeks or months?

    We WON'T automatically debit your account if you missed any day, week or month and we WON'T charge you either. The QuickSave option is always available for you to manually make up for any lost day, week or month.

  • Can I pause and continue saving anytime?

    Yes, you can, it is up to you to pause or continue the automatic saving any time for free. Login to your account, go to your Savings and select"Turn off Autosave" from the Piggybank savings option.

  • Can I increase my savings at anytime?

    Yes, you can increase the amount you're saving at anytime. Simply login and click 'modify AutoSave instruction', then edit the amount. You can also edit your frequency to either daily, weekly or monthly.

  • What if I don't have funds in my account or debit card?

    Simple, we will not be able to debit you for that day, week or month. We will only be able to save for you when you have funds in your debit card. However, you have the option to use the "Quick save" option once you have loaded your account.

  • What is Quick save and how does it work?

    This option basically enables you to add more funds to your savings. For example, if you set N1,000 daily and you miss a day or two, you can use the quick save option to deposit N2,000 or N3,000 at once. This is to ensure you meet up with your savings target.

    You can add up to N500,000 at once with this option. However, you can add this multiple times in a single day. For instance, if you want to add N1,000,000, you need to add N500,000 twice.

  • Investify

  • What is investify?

    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.

  • Is my investment insured?

    Yes, we make sure that each investment listing on PiggyVest comes with its own protection and coverage.

  • What is the minimum amount I can invest with?

    Investment minimums vary by investment opportunities.

  • What is the investment coverage on the investment?

    Insurance coverage varies by investment opportunities.

  • How can I fund my investment?

    You can fund your investment using your debit card, PiggyFlex and Piggybank savings.

  • How safe is my money?

    All investment opportunities listed on PiggyVest are pre-vetted for maximum safety. We carry out due diligence on all investment partners

  • What happens to my capital in case of disasters?

    All investment options aggregated on Piggyvest Investify have been properly vetted for insurance against loss. However, PiggyVest Extra Protection can be added to your investment for maximum capital safety.

  • How is my interest paid?

    It varies on the opportunity you're choosing to invest in. Your interest could be paid daily, monthly, quarterly OR at the end of the investment period into your PiggyFlex account.

  • Does Extra Capital Protection cover both Capital and Profit?

    PiggyVest Extra Protection is an added layer of security provided by PiggyVest that ensures your capital is protected.

  • Is the investment taxed?

    We don't handle taxation. You, however, are liable to disclose your earnings and pay your taxes as stipulated by the government.

  • Can I liquidate my investment at anytime?

    Yes, you can. 

    However, to liquidate, you will need to trade the units you have already acquired with other existing investors or potential new investors. 

    You set the price but a platform commission exists and it varies between 1% - 3% depending on the type of investment.

  • SafeLock

  • What is SafeLock?

    SafeLock is a fixed savings option that allows you to earn up to 15.5% per annum, usually paid up front.

    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.

  • What Interest do I get on my SafeLock?

    SafeLock interests are prorated and paid for the duration you set. 

    On funds locked for:

      • 10-30 days, the interest is calculated at 6% per annum and prorated for the duration you set.
      • 31-60 days, the interest is calculated at 8% per annum and prorated accordingly
      • 61-90 days, the interest is calculated at 10% per annum and prorated accordingly
      • 91 days- 2 years, the interest is calculated at 13% per annum and prorated accordingly.   
      • 2 years and above, the interest is calculated at 15.5% per annum and prorated accordingly. 

    The minimum amount that may be kept in SafeLock is N1000.

  • Can I have more than one SafeLock?

    Yes, you can have more than one SafeLock; and you can give them different names (purposes) too.

    E.g. You can have a SafeLock for your Fees, Wedding; Birthday; Vacation etc.

  • Is the SafeLock different from the normal savings plan?

    Yes, your SafeLock is different from your normal savings plan. After initiating a SafeLock for a particular amount of money, your savings plan continues as normal.

    It is completely under your control. You set the pace, duration and everything else concerning your SafeLock.

  • Can I add more funds to my SafeLock?

    Yes, you can. Simply ensure the duration of the existing locked fund is above 90days. Select the particular SafeLock, enter the amount you want to add and then click 'add funds'.

    PS: Your interest would be prorated and paid based on the remaining days.

  • How do I get my SafeLock paid back when time is up?

    Upon maturity, all funds that you have put in Safelock get sent to your PiggyFlex wallet. 


  • Can my SafeLock be unlocked before maturity?

    No, funds can only be accessed upon maturity. 

    In cases where you may want to close your account completely, you'll have to wait until funds mature from your SafeLock before you can liquidate.

  • Target Savings

  • What is 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 friend.

    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!

  • How Do I Activate/Create a Target Savings

    Log in to your dashboard and click on the 'Savings' sign on the bottom pane of your dashboard.

    Click on the 'Targets' option and then 'Create a Target'. 

    Select the Target option you'd like, fill in the required fields and save the Target to activate it.

    You can invite friends to join your Target at any time.

  • Can I break my Target Savings at anytime?

    Yes, you can.

    On the website, log in to your dashboard and select the 'Target Savings' option on your dashboard. Click on 'Manage existing Targets' and then select the target you'd like to end.  Select 'Give up',

    If you use  the app, click on the challenge and then scroll down till you see "break"

    Funds will then be sent to your Piggybank, and you'll be able to access these funds on your set withdrawal date.

    However, If you have met at least 70% of your target on the withdrawal date, you can withdraw to your PiggyFlex account for free.

  • Interests

  • Do I get Interests on PiggyVest?

    Yes, you get up to 10% per annum on Core Savings(Piggybank Savings), up to 13% per annum on SafeLock (Fixed Income Investment) and 10% per annum on both Target & Group Savings.

  • How Is My Interest Paid?

    • Core Savings (Piggybank)- Interests are accrued daily on your balance, and paid monthly (available from the 1st of every month).
    • SafeLock- Interests are paid upfront into your Flex account and you can access it immediately for free.
    • Target Savings- Interests are paid daily into your Flex account and you can access it immediately for free.

  • What If I don't want Interest?

    Users who do not want to earn interests on their savings can disable interests. 


    To do this simply login to your account, go to Account >> My Account settings >> Interest settings >> Disable Interest >> Update settings. 

  • How is PiggyVest able to afford higher returns?

    Our operational costs are relatively low - we do not operate multiple branches or hire a lot of staff to manage operations. We are also able to negotiate premium rates due to volumes. 


    All saved funds are warehoused with and managed by AIICO Capital, the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC) which is extremely safe and guaranteed. A portion of the proceeds is then passed on to users as interests on their savings.

  • Flex Dollar

  • What is Flex Dollar?

    Flex Dollar is a feature that lets you Save, Invest and Transfer funds in Dollars. 


  • How can I fund my Flex dollar account?

    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. 


  • What's the minimum amount I can start with?

    You can fund your Flex Dollar account with as little as $1.

  • Do I get Interest on my dollar savings?

    Yes! 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.

  • How do I withdraw from my Flex Dollar account?

    You can withdraw in Naira or Dollars. Withdrawing in Naira will be at the stated parallel market buy rate. When withdrawing in Dollars, the funds are sent to your Dollar-denominated Domiciliary bank account.

  • Are there charges for withdrawing on my Flex Dollar account?

    There are no charges for withdrawing into your Naira account from your Flex Dollar account.
    However, payments into Domiciliary accounts attract charges which are stated on the platform. 

  • How is interest calculated?

    Interest on your Flex Dollars is accrued daily but paid monthly. You can get up to 7% per annum on the funds in your Flex Dollar Wallet.

    Interest is also compounded monthly.


  • Where are the dollar funds domiciled?

    Flex Dollar funds are invested in dollar fixed term investments with Anchoria Asset Management, a division of VFD group. Anchoria Asset Management is licensed by The Securities and Exchange Commission (SEC), Nigeria. 

    Their investment products focus on capital preservation while providing income and asset class diversification.

  • Can I save with an International Card?

    No, not for now. 

  • Withdrawals

  • When do I withdraw my Savings?

    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.

    After the request has been made, funds would be sent to your bank account and can also be sent to your Flex Account instantly and then you can withdraw to your set bank account anytime.

    PS: If you decide to set your own convenient FREE withdrawal date, the next available FREE date will be exactly 3 months from your last free withdrawal day.

  • What are Piggybank's free withdrawal dates?

    You can choose your own FREE withdrawal dates on your dashboard.

    OR You can use Piggybank's FREE withdrawal days which are:

    • 31st March
    • 30th June
    • 30th September
    • 31st December

  • What if I withdraw outside the free withdrawal dates?

    Any day outside the Withdrawal days will attract a 5% penalty fee.

  • Can I choose any amount to withdraw per time?

    Yes, you can, just go to the withdraw page and enter how much you want to withdraw.

  • How do I withdraw my savings?

    You need to have filled your bank details in your withdrawal settings then, click on the "withdraw" option on your dashboard, enter the amount you want to withdraw and your funds will be transferred to your set bank account within the stipulated time (not more than 3 working hours)


  • What is the Minimum/Maximum amount I can withdraw?

    The minimum amount you can withdraw from your Piggybank account 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.

  • Piggy Points

  • What are PiggyPoints?

    PiggyPoints is a way of rewarding our users for saving consistently. The more you save in your Piggybank wallet (using either Autosave or Quicksave), the more you earn. 

    You start to earn points when you save at least N2,000 in each transaction.



  • How Do I Earn Piggy Points?

    N2000 - N4999 = 1 point
    N5000 - N9999 = 2 points
    N10000 - N49999 = 10 points
    N50000 - N99999 = 25 points
    N100000 and above = 55 points

  • What can I use my Piggy Points for?

    You can now convert your Piggy Points to cash in your Flex Account

    1 Piggy Point = N10.


  • Referral Program (Stories)

  • Do you have a Referral Program?

    Yes! it's called Piggybank Stories. Once you login to your dashboard, you can add your own story of how Piggybank has/is helping you save. 

    Once your story is approved, you will receive your unique link. 


    You may also get your link directly by following these steps:
    Click "My account" and then "Earn N1000 per invite"

    To see stories from other customers, visit piggybank.ng/stories 

  • How do Referrals work?

    When someone signs up to PiggyVest using your referral link, you and the person you have referred each earn N1000, which is paid into your SafeLock. This matures to your flex account after 10days once the referred user is marked valid.

  • Who is a valid user?

    To be considered Valid, a new user must:

      • Link their BVN and fund their Flex with at least N100
      • Fund any other products with at least N1000

    Once all of these have been done, referral bonuses become accessible.

  • How can I check my referrals?

    To check the status of people you referred, login to your Piggyvest dashboard, select Account > Earn N1000 per invite > Click on each name to see if they’re valid.


  • More Questions?

  • More Questions?

    You can reach out to us via our [email protected] or call 0700 933 933 933 (Mon-Fri from 9am-5pm), we’ll be glad to hear from you.


    You can choose to only save between;
    ₦50 - ₦50,000 daily,
    ₦800 - ₦200,000 weekly,
    or ₦3,000 - ₦2,000,000 monthly
    with PiggyVest
    Start Saving Today

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