Piggyvest has been a part of many financial freedom stories since it launched as Piggybank.ng on January 7, 2016. A decade on, it’s one of Africa’s leading financial technology services, trusted by everyone from students to professionals. But how exactly does Piggyvest work?

Piggyvest is an online platform that simplifies savings and investments for Nigerians of all ages. It’s a secure way to grow your money: six flexible savings plans pay up to 18.5% interest per annum, while Investify, our investment feature, offers returns of up to 35% per annum.

To get started, all you have to do is download the Piggyvest app and create a free account. In this article, we’ll walk through how each savings and investment plan works, how to create an account and what to know about safety, risk and customer support.

How to save and invest with Piggyvest

Navigating your finances as a Nigerian can be quite tricky, no matter where you work and how much you earn. Thankfully, there’s Piggyvest. The platform allows you to build your savings using six easy plans and even includes low-risk investment opportunities to help you grow your money.

You can save and invest with Piggyvest using any of these seven plans:

1. PiggyBank
2. Safelock
3. Target Savings
4. Flex Naira
5. Flex Dollar
6. HouseMoney™
7. Investify

Now, let’s explore how these plans work.

1. PiggyBank

PiggyBank is a Piggyvest plan that enables you to save any amount automatically — daily, weekly or monthly. It’s an excellent way to develop sound financial habits and includes an option to manually add money to ensure you stay on top of your savings game.

This plan allows you to earn up to 16% per annum interest. It’s a great option if you’re looking to build your savings (or if you want to test out just how amazing the Piggyvest platform is).

Here’s how you can use the PiggyBank autosave feature on Piggyvest:

1. Login to the Piggyvest app.
2. Go to “Savings.”
3. Click on “PiggyBank” and “Enable AutoSave.”
4. Then go to “Settings” and select “AutoSave Settings.”
5. Set up your preferred AutoSave plan (for instance if you want to save 10,000 weekly).
6. Then Click on “Continue” and select your source of funds, preferred time to save and when you would like to start.
7. Then click on “Complete.”

You can also manually fund your PiggyBank by following these steps:

1. To save manually, click on “Quick Save.”
2. Enter the amount and source of funds.
3. Then click on “Quick Save.”

It’s that easy!

Now you can save using your PiggyBank wallet alongside millions of other Nigerians.

Note that withdrawals are where PiggyBank’s discipline shows. You can move money to your Flex Naira wallet for free on four days a year (March 31, June 30, September 30 and December 31). Outside those days, withdrawals attract a 3.5% fee, and the minimum you can withdraw is ₦3,000 — a structure designed to keep your savings out of arm’s reach.

2. Safelock

SafeLock is a fixed savings plan on Piggyvest that lets you lock funds away for a set period (anywhere from 10 days to 1,000 days) and earn up to 18.5% per annum, depending on the lock-in period. You also choose how you’re paid: collect your interest upfront the moment your SafeLock is created, or receive it with your funds at maturity.

Here’s how to use the Safelock plan on Piggyvest:

1. Log in to your Piggyvest app.
2. Go to “Savings.”
3. Click on ‘Safelock’ and select “Create a Safelock.”
4. Choose how long you want to lock your funds.
5. Enter the amount and title of the Safelock.
6. Then choose a payback date and select the source of funds.
7. Click on “Preview Safelock” and authorize the transaction.
8. Click on “Create Safelock.”

Of course, you can learn more about how SafeLock works by checking out the articles on the Piggyvest blog. Here, you can also read about how Piggyvest interest rates work across every plan.

Ultimately, this plan is excellent if you have money you won’t need for a while and want to keep temptation at bay. Once locked, the funds only return to you on your payback date.

3. Target Savings

Target Savings on Piggyvest is the best way to reach your unique savings goals — individually or as a group. It allows you to set a financial target and save consistently towards this goal, all while earning interest of 12% per annum.

This means that you can save for your rent, vacation, a new gadget and even towards starting your new business with Target Savings. And while you save, your money earns more money.

Here’s how to create a Target Savings plan on Piggyvest:

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1. Log in to your Piggyvest app.
2. Go to “Savings.”
3. Click on “Target Savings” and select the plus sign.
4. Click on “Create a personal target.”
5. Then give your target a name and select the category.
6. Enter the amount you want to set a target for.
7. Choose how often you want to save, the amount, day and preferred time.
8. Click on “Continue” and enter start and end dates.
9. Choose the source of funds.
10. Confirm the target savings and click on “Create Target.”

And here’s a cool YouTube video to show you how to create a Target on PiggyVest if you prefer.

4. Flex Naira

The Piggyvest Flex Naira account is a flexible savings wallet — it’s where the interest from your other wallets lands, and an excellent place to keep an emergency fund. You earn 12% per annum on your balance, with free transfers and withdrawals.

There’s one discipline rule: withdraw more than four times in a month to your bank account (or more than six times to PocketApp, our everyday spending app), and you forfeit that month’s accrued interest. Withdrawals are also spaced at least ten hours apart.

Here’s how to use the Flex Naira plan on Piggyvest:

1. Log in to your PiggyVest app.
2. Go to “Savings”
3. Click on “Flex Naira” and select “Add Money” (ensure you have linked your BVN).
4. Make a transfer to your Flex Account Number from your bank app.

Your funds should reflect in your Flex Naira Wallet a few minutes later.

Flex Naira also comes with Labels, a feature that lets you organise your balance into named portions (rent, school fees, japa fund) without opening separate accounts.

Here’s how to create a label on Piggyvest:

1. Click on “Try Labels” and select “New Labels.”
2. Name your label and enter the amount to allocate.
3. Then create on “Create Label.”

You can also fund your PiggyBank, Target Savings, SafeLock, Flex Dollar and Investify plans using funds in your Flex Naira account — and on your free withdrawal days, your PiggyBank savings land here too.

5. Flex Dollar

Have you always wanted to save and grow your money in foreign currency? That’s what Flex Dollar is for. Your Piggyvest Flex Dollar account allows you to save in dollars, preserving the value of your savings while earning 6% interest per annum — all from within the Piggyvest app.

There are two ways to fund it:

1. Buy dollars with the naira already in your Piggyvest account.
2. Transfer dollars directly into your virtual USD account number

Here’s how to use Flex Dollar on Piggyvest:

1. Login to your Piggyvest app.
2. Click on “Savings.”
3. Scroll down to Flex Dollar.
4. Click on “Buy Dollar.”
5. Enter how much dollars you want to purchase.
6. Select your source of funds and authorize the transaction.
7. Click on “Credit Flex Dollar.”

Here’s how you can convert your Dollar funds to Naira:

1. Click on “Convert To Naira.”
2. Enter the amount and authorize the transaction.
3. Click on “Convert to Naira.”

Your funds will be credited to your Flex Naira wallet instantly!

Here are the steps to withdraw from your Flex Dollar to your domiciliary or foreign account:

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1. Select the “pay to bank” option
2. Fill in the required information
3. Then select “Send request bank transfer”.

That’s it. Your funds will be credited to your bank account.

If you’d rather lock your dollars away than keep them flexible, SafeLock Dollar lets you fix your dollar savings for a set period and earn 4.5–7% per annum, depending on the duration.

Want to learn more about how it works? Then check out this explainer on the Piggyvest blog or watch this guide on YouTube, where we explain the Flex Dollar feature in detail.

6. HouseMoney™

HouseMoney™ is for renters who want to completely manage rent and other household bills with Piggyvest. From maintenance fees to utilities, you can use our semi-strict wallet to avoid rent-related stress. Simply break your yearly rent into periodic savings and stay on top of your rent (and ahead of your landlord) — all while earning 15% interest per annum, paid monthly.

Here’s a quick guide to using HouseMoney™ on PiggyVest:

1. Log in to your PiggyVest account
2. Click on “Savings”
3. Scroll down and select “HouseMoney™”
4. Fill in the required fields

Try it out now!

7. Investify

Investify is a Piggyvest feature that allows you to earn more than savings interest by investing in pre-vetted, low-to-medium-risk primary and secondary opportunities — from fixed income to agriculture and transportation. Returns run as high as 35% per annum, and minimum investments start as low as ₦5,000, depending on the opportunity.

The opportunities come through licensed investment houses, and every deal is vetted before it’s listed. Still, investing isn’t saving: returns can vary rather than being fixed like savings interest, so it helps to start by understanding your investment risk profile.

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Here’s how to use Investify on Piggyvest:

1. Log in to your Piggyvest app.
2. Go to “Invest” and choose an investment opportunity.
3. Click on “Invest Now.”
4. Type in the number of units you want to buy and click on “Next Step.”
5. Confirm your Investment.
6. Click on “Invest Now.”

Now sit back while your money does the work.

New to investing? That’s alright! We wrote a great article outlining the five golden rules you need to know. You can also check out our YouTube channel to learn how to purchase investments with Investify.

How to create a Piggyvest account

Piggyvest is all about security and ease. You can start any of the plans above today by logging into your account and selecting the option on your dashboard. But what if you don’t have an account? That’s okay; creating one is easy!

Here’s how to create a Piggyvest account:

1. Head over to the Piggyvest website or download the official app. The free app is available on the App Store and Google Play Store.
2. Click on the “Create free account” button. You may see this button as “Register” if you use the app.
3. Provide the required details and click “Create Account.” Ensure you double-check your details before submitting to avoid issues with your free Piggyvest account.
4. Set up your withdrawal bank. This account must be your own and is where Piggyvest sends your money anytime you choose to withdraw.
5. Verify your details and activate your Piggyvest account. This process shouldn’t take more than a few seconds.
6. Pick your preferred savings and investment option. You can check out the previous section of this article to learn more about the plans available on Piggyvest.

It’s that easy! Now you can start saving and investing alongside more than 5.5 million customers that use and trust the platform.

Is Piggyvest legit?

Now, let’s dive into the platform’s legitimacy. How legit is Piggyvest? Is it a legal and trustworthy place to put your money?

Piggyvest is legit and has been operating since 2016. In the decade since, more than six million customers have used the platform to save and invest towards their financial goals — and in that time, they’ve received over ₦3 trillion from the platform, including more than ₦1.3 trillion in 2025 alone.

That track record hasn’t gone unnoticed. In 2026, Piggyvest made CNBC’s list of the World’s Top Fintech Companies for the third year running, as the only Nigerian company in the Wealth Technology category.

And who’s behind it? Piggyvest is operated by Piggytech Global Limited, a Nigerian company, and works with licensed and regulated partners across its products — from the CBN-licensed operator behind Flex Dollar accounts to the SEC-regulated investment houses behind Investify opportunities.

How risky is Piggyvest?

While saving and investing are fantastic concepts, keeping your money safe is just as essential. So, how risky is Piggyvest? The answer comes in two parts: how the platform protects your money, and what risk each plan carries.

On protection: your money and personal data on Piggyvest are secured with the highest levels of banking security, including 256-bit SSL encryption. Piggyvest also works with PCIDSS-compliant payment processors (Paystack and Flutterwave) to handle your card details, and there’s two-factor authentication (2FA) as an added layer of protection on transfers and withdrawals.

On product risk: the six savings plans earn fixed interest at the rates above, so what you see is what you earn. Investify is different — its opportunities are pre-vetted and low-to-medium risk, but returns can vary rather than being fixed. That’s the trade-off for the higher ceiling.

So whether you’re saving your last ₦2k or investing a chunk of your salary to build long-term wealth, you know exactly where your money stands.

Check out this article to learn more about security at Piggyvest.

What are Piggyvest customer care details?

Piggyvest is at Tesmot House, 3 Abdulrahman Okene Close, off Ligali Ayorinde, Victoria Island, Lagos. However, you can use several dedicated channels to contact a customer care representative if you have issues.

Here are Piggyvest customer care details:

• Email: contact@piggyvest.com
• Twitter: @Piggyvest
• Instagram: @Piggyvest
• Facebook: @Piggyvest
• Contact Number: 0700 933 933 933 or 07009339339

There are many scammers out there, so ensure you ONLY use these channels if you want to solve a problem with your Piggyvest account.

Conclusion: Why should you use PiggyVest?

Piggyvest is easy to use and one of the most trusted platforms to save and invest money in Nigeria. For a decade, it has helped Nigerians build better money habits — and with savings interest of up to 18.5% per annum and investment returns of up to 35%, your money always has room to grow.

Ready to see it for yourself? Download the Piggyvest app and create your free account today.