Remember when we raised interest rates in November 2024? Well, we have news. We have new Piggyvest interest rates — again (again)!
With up to 22% interest per annum, you can now earn more while keeping your funds secure on Piggyvest. Whether you’re using PiggyBank for flexible savings or SafeLock for guaranteed higher returns, these updates mean more money in your pocket.
Saving and growing your money just got even better with Piggyvest!
What are the new Piggyvest interest rates?
From February 2025, all Piggyvest users can enjoy even bigger returns on their savings — 18% per annum on PiggyBank and up to 22% annually on SafeLock. These new rates mean that every naira you save works harder for you, and you get the most out of your Piggyvest experience.
How do interest rates work on Piggyvest?
As Odunayo Eweniyi (Piggyvest COO and Co-founder) explained above, our interest rates are dynamic and influenced by the Central Bank of Nigeria’s (CBN) Monetary Policy Rate’s (MPR) changes.
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However, the returns you get on your Piggyvest funds depend on which product you choose:
- PiggyBank: Interest is accrued daily and paid monthly — meaning the longer and more you save, the more you earn.
- SafeLock: Interest is paid upfront when you lock your funds, allowing you to enjoy a guaranteed return over a fixed period.
How to earn more on your savings with Piggybank
We designed PiggyBank for strict savers who want more returns, and with 18% annual interest, you can grow your money faster.
Here’s how to maximise your earnings on PiggyBank:
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- Save consistently: Set up an automatic saving plan to build your balance effortlessly.
- Leave funds untouched: The longer you leave your savings, the more interest you accumulate.
What’s new on Safelock?
SafeLock offers some of the highest returns on Piggyvest savings. And with new rates of up to 22% per annum, it’s better than ever.
Here’s why you should lock in your funds on SafeLock:
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- Higher fixed interest rates: Locking your money for a set period means you earn more than regular savings (up to 22%!).
- Upfront interest payment: You receive your interest immediately when you SafeLock your funds.
- Better financial discipline: Since SafeLock prevents withdrawals until maturity, it ensures you stay committed to your savings goals.
How the new Piggyvest interest rates benefit you
Piggyvest has been a part of many financial success stories for over 8 years, and we’re happy to offer even higher returns to our users — new and old. Just open your app and start saving!
These interest updates are designed to help you grow your savings effortlessly in the following ways:
- More earnings: Higher rates mean bigger returns on your deposits.
- Flexible options: Choose between PiggyBank for steady growth or SafeLock for guaranteed returns.
- Better financial security: With Piggyvest, your savings are safe and always working for you.
Lock in with Piggyvest in 2025!
There’s no better time to start saving and earning more. Whether you’re building an emergency fund, saving for a big purchase, or just securing your future, the new Piggyvest interest rates make it easier and more rewarding.
Start saving today and watch your money grow effortlessly!
