Piggyvest App Review 2022 – Target Savings, SafeLock

Is Piggyvest Legit?

Piggyvest is a legit platform for saving and investing your money. on piggyvest, financial information is encrypted and stored to PCI-DSS Level 1 compliant standards. In addition, the platform uses an encrypted 256-bit HTTPS SSL connection for protected and secure transactions.

When you save or invest in piggyvest, you will be able to withdraw your money any time you request for it.

About Piggyvest

Piggyvest, formerly known as a piggy bank, is the first online saving and investment platform in west Africa. It was launched on the 7th of January 2016 as a savings bank, but it was later rebranded and added an investment feature in April 2019. Piggyvest has over 1,000 000 users saving and investing without any difficulties.

How to Login to Piggyvest Account

  • Firstly, visit pigyvest.com on your browser or apps.
  • Click on the sign-in button then you will be redirected to the login page.
  • Input your email or phone number.
  • Input your password and click on the login button to access your piggyvest dashboard.

How to sign up on piggyvest

  • Firstly, visit piggyvest.com on your browser or download their app.
  • Click on “create account for free,” and you will redirect to a page.
  • Input your full name, email address, mobile number, and password, click the submit button.
  • Then you will receive a confirmation mail to activate your account.
  • Click on the link sent to your mail, and then you are ready to use the app.

How to Make Money on Piggyvest

The major way to make money on piggyvest is through the interest that accrues on your savings. Another way to make money is by referring new users to piggyvest through the unique link assigned to your account. When a user clicks on your link and sign up, both of you will be credited with a #1000 safe lock bonus.

Is Piggyvest Insured by NDIC

Yes, Piggyvest is insured by Nigeria Deposit Insurance Corporation (NDIC). Piggyvest operates as a microfinance bank (MFB), regulated by the central bank of Nigeria (CBN), and the NDIC insured its funds.

Is my BVN Safe on Piggyvest

Your BVN is safe of piggyvest, and the reason they request it is to validate your identity and kick against identity theft. Additionally, with your BVN linked to your piggyvest, you will be able to transfer from your flex account to another flex user account and enjoy upcoming benefits.

Piggy Vest Products

Piggyvest products are the financial service provided by the piggyvest company, and the product is specifically designed to deliver a different result. With these products, you will be able to earn interest on piggyvest daily, transfer funds, save and receive interest in dollars, and do many things. To learn more about the piggyvest product, read the full details below.

  • Piggybank
  • Investify
  • Safelock
  • Target Savings
  • Flex Naira
  • Flex Dollar


Piggybank is a unique feature on piggyvest; it helps you automatically or manually save your money daily, weekly or monthly for a while. With this feature, you can save money without login into your dashboard. All required is to link your debit card and activate the autosave option. For instance, if you want to be saving N1000 per day, the autosave will automatically deduct the money from your account. Immediately, the money is removed from your bank account. You will receive an email showing transaction details.

The piggybank also has an option that allows you to quickly save funds in your wallet whenever you wish to. In some cases, if you have no funds in your bank account and the piggyvest cannot deduct money from you, the quicksave can be used to fund your account.


One of the great products on piggyvest is the investment features that allow you to invest and earn interest in pre-vetted, low-medium risk, primary, and secondary investment opportunities. In addition, the investment done on piggyvest is secured and insured.

The minimum amount you can invest on the investify is N5000, and the interest on this can be set to be received daily, monthly, or quarterly. To deposit, you can use your flex wallet or debit card. 


The safe lock is a feature that allows you to save your fund for a fixed time and earn a higher interest up to 15.5% per annum. Using the safe lock feature on piggyvest will make you overcome the temptation of squandering money. With this feature, you can save funds on safelock using your flex naira wallet or debit card.

When you safelcok your fund on the piggyvest, you won’t be able to collect the money until maturity day ( the day you target to withdraw the fund).

Interest Table on Piggyvest SafeLock?

Below is a table that explains how the interest in piggyvest safe lock accrues.



10 – 30 DAYS6%
31 – 60 DAYS7%
61 – 90 DAYS9%
91 DAYS – 2 YEARS10%
2 YEARS & ABOVE12.5%


Target Savings

The target saving feature allows you to save consistently for some time. With target savings, you can activate autosave which will auto credit your wallet daily and lock your fund for a period of time. If likely you want to break your target savings and withdraw your funds, you will be charged 1%. You can use your debit card or flex naira wallet to deposit on target savings.

How to Create a Target Savings

  • Open your piggyvest app and login
  • Click on savings 
  • Click on target savings and create a target
  • Select the target option you prefer and fill in the necessary information in the field.
  • Activate your funds and receive interest on the money deposited daily.

Flex Naira

The flex naira account on piggyvest is a cash account that saves all your interest from other wallets. With flex naira, you will be able to receive 8% interest per annum on your savings, receive funds and transfer for free. Flex naira has a unique account number that allows you to deposit from any financial institution. The minimum amount you can withdraw on your flex naira is N2000, and you can withdraw it to your abeg account, your bank account, or your piggybank.

How to deposit on flex naira

Below are a few easy ways to deposit funds into your piggyvest flex naira account.

  • Open your piggyvest app
  • Click on the saving icon
  • Select flex account
  • Click to copy the account number on your flex wallet.

NOTE: Then, you can deposit using the account number by selecting Wema bank during a transaction. Immediately you deposit using the flex account number, your flex naira dashboard will be credited.

Flex Dollar

Flex dollar is a unique feature that lets you save, invest and transfer your fund in dollars on piggyvest. With flex dollar, you will be opportune to earn 7% per annum on your savings. The minimum amount of funds you can save is $1, and you can withdraw your dollar fund at any time.

There is two option for deposit and withdrawal on flex dollar wallet; you can deposit using your flex naira wallet or your bank card. If you want to withdraw, you can choose to send it to your flex naira wallet or your bank domiciliary bank account. 

How to invest money with PiggyVest

To invest in piggyvest, you have to select the most convenient one for you.

  • Sign in to your piggyvest account
  • Click on the invest
  • Click on explore to select the one suitable for you.

Piggyvest Referral Program

The piggyvest referral program allows you to earn when a user clicks your unique referral link to sign up. When a new user signs up using your link, your safelock account will be credited N1000 after the new user verifies his account and deposits at least N2100.


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