PiggyVest — review & details

In Savings & fixed deposits · By the Rateweb editorial team · How we rate · Details checked 18 Jul 2026

Nigeria's most-used savings app (≈6m users) — strong on saving discipline, with higher-yield investments via Investify. SEC-registered, not a bank.

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PiggyVest

Nigeria's most-used savings app (≈6m users) — strong on saving discipline, with higher-yield investments via Investify. SEC-registered, not a bank.
★★★★☆
4.2/5 · How we rate
SEC-registered (not a bank)
Regulation
Not NDIC-insured
Deposit Safety
~5–20%/yr savings; up to ~35% invest
Typical Return
Saving discipline + auto-save
Best For
instant
Access
Pros
  • Excellent for building a saving habit (auto-save, locks)
  • Higher rates than banks (money invested for you)
  • Huge user base + track record
Cons
  • Not a bank — NOT NDIC-insured
  • Higher investment returns carry higher risk
  • Safelock/target funds are locked until maturity
Fees, eligibility & documents
Fees
Monthly feeNone
Early-withdrawal feeOn locked Safelock/Target before maturity
InvestifyProduct-level fees vary
Eligibility
  • 18+ Nigerian resident
  • Active BVN
  • A Nigerian bank account to fund and withdraw
Documents needed
  • BVN
  • Valid ID (NIN, passport or driver's licence)
  • Phone number / selfie for KYC
Visit PiggyVest
Want the full picture?
Our in-depth, independent review of PiggyVest — how it works, the risks, and the fine print.
Read the full PiggyVest review →

How PiggyVest compares in savings & fixed deposits

PiggyVest scores 4.2/5 in our savings & fixed deposits rankings. Our current top pick is Cowrywise (4.3/5). Always compare a few before you decide — see the full savings & fixed deposits comparison.

PiggyVest
4.2/5 · this page
 Cowrywise
4.3/5
 ARM Money Market Fund (ARM One)
4.2/5
Regulation SEC-registered (not a bank) SEC-licensed platform (not a bank) —
Deposit Safety Not NDIC-insured Not NDIC-insured Mutual fund — capital at risk, not an NDIC-insured deposit
Typical Return ~5–20%/yr savings; up to ~35% invest ~7–20%/yr (fund-dependent) —
Best For Saving discipline + auto-save Mutual funds, naira + dollar, Halal Parking cash at money-market yields
Visit PiggyVest → Visit Cowrywise → Visit ARM →

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Details last checked: July 2026

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