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PiggyVest Review: The Better Way To Save and Invest Online.

5/5 - (2 votes)

With PiggyVest you can Save, invest and grow your money with ease. You will earn up to 15.5% on savings and up to 25% on investments. When you register with PiggyVest you get 1000 naira just for registering, and you also get N1000 for each person you refer. This review will show you the things you need to know about PiggyVest and how it works. Click PiggyVest once you are ready to get started, or proceed to the GUIDE to help you set up your account correctly.

If want to stop spending excessively but instead start putting away and growing the funds that you do not want to touch, then PiggyVest is your best solution. Its simplicity, discipline, convenience, and flexibility will enable you to manage your finances better and achieve financial freedom. This review and Guide will put you through all you need to know and how to get started on PiggyVest.

What is PiggyVest?

PiggyVest is a simple app that helps you save and invest with ease. If want to stop spending excessively but instead, start putting away and growing the funds that you do not want to touch, then PiggyVest, you can do just that.

You can choose to save little amounts of money periodically. Save Daily, Weekly, or Monthly, depending on how it works for you. You can save towards a specific target OR lock away funds for a specified period of time.

PiggyVest takes away the stress of having to always do the thinking and scheduling of your savings and investment.  PiggyVest is unique for its simplicity, discipline, convenience, and flexibility which enables you to manage your finances better and achieve financial freedom.

Who Owns PiggyVest ?

PiggyVest.com formerly piggybank.ng was Co-founded by three Nigerian young stars by the names Somto Ifezue, Odunayo Eweniyi and Joshua Chibueze who are all Covenant University graduates. The idea for the startup came in December 2015, with an intent to digitize an offline process of using wooden boxes to save money on a daily, weekly, or monthly basis. PiggyVest has grown much faster in the five years since its inception. According to Eweniyi, PiggyVest ended 2019 with a million users who saved about $80 million.

How does PiggyVest investment work?

There are four main options in Piggyvest. All of which are tailored towards a particular need.

Piggybank wallet

This option is for those who would like to regularly put away money for your savings and withdraw only once a quarter. You can set it to automatically take money from your account and so don’t have to worry about saving manually.

Target Savings

Target Savings is a great option If you’re saving towards a particular goal such as rent or travel. You can invite friends and make it a fun challenge to race toward all your financial goals.


The SafeLock feature: This feature is perfect for when you’re looking for something geared towards the long term. With higher interest rates, you could lock away funds you don’t need access to and make even more money on the long term.


If you’re looking to get started on investments or diversify your portfolio, then pre-vetted, low-risk investment opportunities are regularly available on Investify to help you grow your money.

PiggyVest Referral

What is PiggyVest Referral program

Piggyvest referral bonus is quite a handful and can add up quickly. You get N1000 for each person you refer. That you refer someone means the person signs up with your own referral link. When someone signs up to PiggyVest using your referral link, you and the person you referred will each earn N1000, which is paid into your SafeLock.

This money matures to your flex account after 10days once the referred user is marked valid. And as a new user, your bonus will be paid into your SafeLock and matures to your flex account 10 days after you have been marked valid. So you see the more people you refer the more money you make. If you do the math you’ll see it’s quite scalable.

One of the ways you can be earning a good amount of money while you save on PiggyVest is by referring people to the platform. Once you’ve signed up and your account is valid, you can start referring people to PiggyVest with your own referral link.

Each person you refer earns you N1000 which they’ll pay into your PiggyVest safe lock. The money will mature to your flex account after 10 days once the person you refer is valid.

Who is a valid user?

To be considered valid, a new user must do two things after registration.

FIRSTLY you Link your BVN and fund your Flex Naira wallet with at least #100 via a direct bank transfer to their flex account number.

Secondly, you must fund any other two wallets with at least #1000 each. Once all of these are done, your referral bonuses will be unlocked and sent to your flex account at the maturity date.

How can I check my referrals?

To check the status of people you referred, login to your PiggyVest dashboard, select Account > Earn N1000 per invite > Click on each name to see if they’re valid.

I use PiggyVest to save & invest securely. Please sign up with my link and get ₦1,000.00 to start your own savings and investment journey by Clicking on the link below. You can also refer to the REGISTRATION GUIDE to help you set up your account correctly.

Is PiggyVest Legit

There are a lot of scam websites out there. As a result, many persons will be skeptical of how safe a platform PiggyVest is before investing at all.

One quick way to know if a program is legit is to check what people are saying about it on review websites, social media, and online forums like Nairaland and Quora. Besides we can also consider some key points to see how authentic PiggyVest is.

PiggyVest owners are not faceless. They are well known persons and their content and engagements are all over the internet across platforms of high pedigree. They have one mission in mind – to give you the power to manage your finances by providing transparency and clarity.

PiggyVest recently acquired their own microfinance bank, fully licensed by the CBN, and they use only the highest levels of Banking Security, secured by 256 bits SSL security encryption, to ensure that your information is completely protected and secure.

  • PiggyVest has a physical office, contact number, and email. Their office is at Tesmot House, 3 Abdulrahman Okene Close, off Ligali Ayorinde, Victoria Island, Lagos. Contact Number: 0700 933 933 933, Email: contact@piggyvest.com.
  • Your Card details are safe. PiggyVest ensures that Your security is their major priority, so we work with a PCIDSS-compliant payment processor, Paystack to handle your card details. Your card details are extremely safe and are warehoused where they can never be compromised.

PiggyVest uses bank-level security to keep their customer’s data safe. PiggyVest uses SSL security encryption which is considered the highest level of internet security and it is secured by 256 bits. What it simply means is that your information is completely protected from hackers.

PiggyVest has a Registration Number of 1405222 and is registered on the laws of the federal government of Nigeria under the name of PiggyTech Global Limited. Is PiggyVest Safe and Secure How safe is my money All investment opportunities listed on PiggyVest are pre-vetted for maximum safety. PiggyVest carries out due diligence on all investment partners. How secure is my money As Piggybank.ng, they operated in partnership with 2 Microfinance banks and used their licenses. However, in early 2018, Piggyvest acquired Gold Microfinance bank and its license. Piggyvest is also a registered cooperative- Piggytech Cooperative Multipurpose Society Limited (Registration number, 16555). All saved funds are warehoused with and managed by AIICO Capital, the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC). What happens to my money in case of disaster All investment options aggregated on PiggyVest Investify have been properly vetted for insurance against loss. However, PiggyVest Extra Protection can be added to your investment for maximum capital safety.

Authenticity of PiggyVest In order to know how authentic is, we should not make a conclusion based on what the owners of the platform themselves are saying, We should listen to reviews, reviews from registered and respectable organizations, like FORBES Magazine. And besides PiggyVest acquired a good microfinance bank, they own a microfinance bank registered by CBN, with PiggyVest Funds that are warehoused and insured by Ico capital, one of the leading asset management companies in Nigeria, regulated by the Securities and Exchange Commission. How to Open a PiggyVest Account I wrote a COMPREHENSIVE REGISTRATION GUIDE on how to open a piggyvest account correctly. I will recommend you use the guide because it’s clear and easy to understand. You can also chat me up one on one to help you along the way. So click on GUIDE anytime you are ready and the link will take you to the REGISTRATION GUIDE. PiggyVest Withdrawal What is the minimum/maximum amount I can withdraw? The minimum amount you can withdraw from your Piggybank is N3000 and there is NO maximum. You can withdraw all of your funds whenever YOU WANT. However, fixed free withdrawal dates still apply. But mind you, you can ONLY withdraw once in 24hours. So you have to wait till the same time the next day at least before you can withdraw again.

When do I withdraw my savings? You can withdraw for FREE only on set Withdrawal dates. You can set your own FREE withdrawal dates OR you can make use of the PiggyVest quarterly fixed FREE withdrawal dates. After the request has been made, funds would be sent to your bank account and can also be sent to your Flex Naira account instantly and then you can withdraw to your set bank account anytime. Please note that if you decide to set your own convenient FREE withdrawal date, the next available FREE date will be in exactly 3 months’ time from your last free withdrawal day. What are Piggybank’s free withdrawal dates? These are PiggyVest quarterly fixed FREE withdrawal dates. You can choose your own FREE withdrawal dates on your dashboard. If you choose to use Piggybank’s FREE withdrawal days you will have to pick from the following dates: 31st March, 30th June, 30th September, and 31st December. What if I withdraw outside the free withdrawal dates? If you must withdraw on any day outside the Withdrawal days, then your withdrawal will attract a 5% penalty fee. Can I choose any amount to withdraw per time? Yes, you can, just go to the withdraw page and enter how much you want to withdraw.

How do I withdraw my savings? You need to have filled your bank details in your withdrawal settings then, click on the “withdraw” option on your dashboard, enter the amount you want to withdraw and your funds will be transferred to your set bank account within the stipulated time (not more than 3 working hours). Are there charges for withdrawing on my Flex Dollar account? There are no charges for withdrawing into your Naira account from your Flex Dollar account. However, payments into domiciliary accounts attract charges which are stated on the platform. How is interest calculated? Interest on your Flex Dollars is accrued daily but paid monthly. You can get up to 6% per annum on the funds in your Flex Dollar wallet. Interest is also compounded monthly. Where are the dollar funds domiciled? Flex Dollar funds are invested in dollar fixed term investments with Anchoria Asset Management, a division of VFD group. Anchoria Asset Management is licensed by The Securities and Exchange Commission (SEC), Nigeria. Their investment products focus on capital preservation while providing income and asset class diversification.

Can I save with an international card? No, not for now. Conclusion In conclusion, I will like to make a disclaimer that the purpose of this article is not to blindly endorse or praise PiggyVest but give my own biased personal opinion. I am also a customer and I use PiggyVest to save & invest securely. So again I request that you please sign up with my link and get ₦1,000.00 to start your own savings and investment journey by Clicking on the link below. You can also refer to the REGISTRATION GUIDE to help you set up your account correctly.


Armstrong Uzoagwa is the CEO and team lead at Liwox. PROFILE || FACEBOOK || LINKED-IN || INSTAGRAM

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