An online tool called PiggyVest, formerly known as piggybank helps consumers lay money away for future dreams. Users have the opportunity to invest their money through the platform in a range of businesses and earn returns of up to 25% for 8 months or longer. A savings account can earn up to 13% interest.
They are frequently recognized as Nigeria’s largest online savings and investment platform.
Savings options are numerous. Both individual and group saving are options. Anybody can help you save money, whether a buddy, your spouse, or anyone else. Nigerians are big fans of the website and app. Your daily, weekly, and monthly small-dollar expenditures add up to a fairly sizable sum if you decide to save them. An excellent practice is to put money away for rainy days.
The operation of PiggyVest
The PiggyVest, can be for the purpose of rent payment, starting a business, or for any other reason.
With piggyvest, You may only want to save one million, ten million, or even more naira. You can open an account with PiggyVest and start saving. On your savings, the app provide you with interest up to 13%. You can as well enable automatic saving, you may also descide to set aside a particular amount between 50 and 20,000 or more each day. Your approved amount will be automatically withheld from your account each day once you set it up.
You can also set it up such that the money is deducted weekly through automatic withdrawal from your bank account. If you want to save every month, the same rules apply.
To save with a friend, family member, spouse, or group of individuals is also permitted. How much money you wish to save and for how long must be decided upon with the other people. start by saving! The funds will be transferred to each saver’s account when the day you specify comes.
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Few withdrawal dates occur each year while you save. Your discipline will be maintained as a result. But you are still allowed to withdraw at any moment after the withdrawal date with a fee.
Locking money is an option. If you have money that you wish to keep out of your hands. Perhaps it is for a mortgage, business expenses, or rent on a house. You can lock it and receive an advance payment of 13% interest.
Is PiggyVest a secure application?
To save or invest money is very save n secure on their site.p. Our official registration number is RC 1405222, PiggyTech Global Limited. We bought a microfinance bank and its license at the beginning of 2018. we are a cooperative with registration number 16555 under the name Piggytech Cooperative Multipurpose Society Limited.
All of the money saved on this platform is stored and managed by the best asset management company in Nigeria, AIICO Capital, which is registered with and licensed by the Securities and Exchange Commission (SEC). Your card information is also saved.They work together with Paystack, a well-known payment processor in Nigeria that complies with PCI DSS, to manage your information. The website is even more secure when using an SSL-encrypted connection.
How to reduce expenses on PiggVest
To save money on PiggyVest, adhere to these steps:
1.) Open a profile
Making an account is the first step. It’s really simple to create an account. Your phone number, password, and name are all that is required.
2.) Select a saving method
Following the account creation. There are several ways to save money. There are three options: PiggyBank, Safelock, and Target Saving.
3.) Enter your information and begin saving
You will have to specify how much money you want to automatically save as well as the frequency of the saving whether it should be daily, weekly, or, monthly.
How to use PiggyVest to make investments
Here are some procedures you have to adhere to while saving with piggyvest.
1. Open a new account
First, you need to make an account. It’s a really simple process.
2. Navigate to investing
Once you are inside your piggyaccount Dashboard. Numerous alternatives will be displayed on the screen.Click on investing or “invest for the future.” That is it.
3. Review investment opportunities and invest
There are numerous options for investing. Simply click on the person you want to invest in.Most investment options require a minimum investment of N3000.
