Today, I will be sharing information about PiggyVest ( Introduction & How Does PiggyVest Works – Saving and investing with PiggyVest ). A simple definition of piggyvest is Users can save money daily, weekly, and monthly and can save any amount they wish.
Piggyvest is making wave in Nigeria and helping lot of people in savings just like the local known way of saving money at home using kolo which can still be broken anytime but with piggyvest is much easier to save your money without breaking it like kolo but the features which makes piggyvest a great way to save and invest for what you are planning for in the future makes piggyvest the best.
Firstly, I want to thank piggyVest for making such innovation and saving lives today with the use of piggyvest. Let’s see how you can use piggyvest also and enjoy saving without being worried you might spend the money.
Introducing How PiggyVest Works – Saving and investing with PiggyVest
Piggyvest was formerly called Piggybank.ng in 2016 when its first launched as a savings product which has grown so big that new faces keep saving daily. PiggyVest is an online savings platform that enables savers to put away funds that they don’t want to withdraw easily. They can save as little as $1 a day and then restrict when they withdraw their savings to specific set dates they choose.
They have grown that they have 200,000 registered users and as the analysis from the team they said they got one-billion-naira savings in total for jaunary 2019 alone, that’s amazing and shows people are really trying to get involved with it daily.
Seeing the results it shows over the years they have grown to be better then they were before and they keep improving in order to make you manage your finances using different products they offer ranging from safelock to piggyflex and still counting.
You can take a look at the image below to see the basic features…
That’s all you need to know about piggyvest, I will explain some features for you and how to go about saving and later investing it in something.
Features (Products) of PiggyVest (formerly piggybank.ng)
Piggybank formerly Core Savings
On the App, You can select any amount of money you want to save; the money will be debited from your account and kept in a safe account until you are ready to use the money. You will set the days of withdrawal in a year. Withdrawal on any other day apart from the days you chose will attract a 5% charge. This is to help you maintain the saving culture.
AutoSave, PiggyVest (Piggybank.ng) automatically debit a fixed amount of money (as set by the user) from a user’s debit card. Auto-debits period can be customized to be daily, weekly, or monthly.
This feature can help you save periodically like daily, weekly or monthly. Imagine saving #200 daily, by month end you have #6,000 sitting somewhere waiting for you plus interest. If you continue like that, by end of year, you will have about #72000. What a nice way to end the year.
Thus you select how much you want to save and select the frequency whether daily or weekly. If you don’t have money on a particular day, no worries. It will just skip that day.
SafeLock is actually what makes piggyVest the best digital saving platform in Nigeria. See it is a short-term investment sub-product within the app which allows you earn money for —wait for it— saving money.
Sometimes you want to save money for a particular purpose like buying a new phone but after sometime when hunger strikes, you discover you have eaten like half of the money.
SafeLock enables you to lock away some part of your savings till a particular day so that you won’t have access to the money or be tempted to touch the money till that day and you will be paid up to 12% as interest. You should definitely try it.
Target savings Also called Savings Challenge. Unlike Safelock where you just save for a particular purpose by yourself, target saving helps you and others save for a common interest. Each of you from the PiggyVest app can be saving collectively into a central place until you reach your target and you will be paid plus the accrued interest.
The Flex Account is where all interests from your saving plans and targets are paid by piggyvest. Earnings from this account can be withdrawn anytime and likewise, transferred to other saving plans.
How to Register on PiggyVest and start Saving
I will show you how to register and start enjoying piggyvest features 😊
- Visit Piggyvest Website or Download its Mobile App
- Click create account and fill the information
- When filling and you get to referrer phone put my number – 08140821500
- And you ready to start saving
Don’t forget to navigate through your account and get used to it
Thanks for reading, hope you enjoyed it?
If you have any question about piggyvest please ask in the comment section below