PiggyVest Review: In this PiggyVest investment review, I’ll take my time to reveal to you whether or not PiggyVest is Legit or a scam. This is a well-detailed review about piggyvest and its app with a lot of proof and proper procedure.

piggyvest review

piggyvest review

PiggyVest Review: LEGIT or SCAM? What They Don’t Tell You About PiggyVest

We will also be giving answers to many unanswered questions people do ask on the net.

Now we will be answering frequently asked questions and we will be giving detailed answers to them with proof where needed; All your possible questions swill ne asked in this single review.

👉Click HERE to Sign Up for PiggyVest and claim your N1000 Bonus (Sign Up Now, Before The Bonus Expires)

Piggyvest

Piggyvest

PiggyVest Review- (About piggyvest)

This is the first online “Savings & Investment” app in West Africa which was launched 7th of January 2016 has a saving-only platform called piggybank.ng

In April 2019 they rebrand their platform to offer more than saving, Then they rebranded to Piggyvest

They have been helping Over 1million users to manage their finances in a very simple form and transparent

Investors are investing Billions of Naira every month in this platform

Now, what is piggyvest?

piggyvest-homepage

piggyvest-homepage

What is Piggyvest?

PiggyVest (formerly piggybank.ng) is a simple app that helps you save and invest with ease. With PiggyVest, you can stop spending excessively and put away (and grow!) funds that you do not want to touch.

You can choose to save little amounts of money periodically (Daily, Weekly or Monthly) towards a specific target OR lock away funds for a specified period of time.

We take away the stress by combining simplicity, discipline, convenience, and flexibility to enable you to manage your finances better and achieve financial freedom.

Piggyvest helps you to save money overtime and when you are ready to cash out the money, you get it with interest.

Commercial banks give you a maximum of 4% interest on savings from which you are being charged for ATM card maintenance fees and other fees thereby, reducing earning interest of your money.

With piggyvest you get between 10% to 12% interest for saving your money without any charge and you also receive bonus at regular interval thereby, increasing your earnings.

👉Click HERE to Sign Up for PiggyVest and claim your N1000 Bonus (Sign Up Now, Before The Bonus Expires)

piggyvest review

piggyvest review

Is PIGGYVEST Legit ?

PiggyVest Review: LEGIT or SCAM? What They Don’t Tell You About PiggyVest

How Legit is piggyvest?

As at the time this post was written, Piggyvest does not have any record of scam or business failure. It is considered as the first and best when it comes to online savings. to answer the question of being legal, Piggyvest is registered as PiggyTech Global Limited, with RC 1405222. I hope this satisfies your curiosity. Again, Piggy Bank is a product of the microfinance bank policy of the CBN. It is a registered bank with the CBN, Nigeria Insurance Deposit Corporation [NIDC] and everything is insured. It is registered and located at Tesmot House, 3 Abdulrahman Okene Close, off Ligali Ayorinde, Victoria Island, Lagos, and you can contact them through:Contact Number: 0700 933 933 933, Email: contact@piggyvest.com

PiggyVest Review : How Does PiggyVest Works?

Piggyvest gives you the ability to save your money the way you like. You can decide when to save and how much you want to save anytime.

For instance, the platform allows you to save between N50 — N25000 daily, N1000 — N100000 weekly and N3000 — N500000 monthly. You can use the auto save feature to deduct the money from your bank account monthly. So, you won’t have to be saving it manually.

Piggyvest has 3 different types of savings. You can choose any of the option which include core saving, save lock and target savings depending on your need. All the saving options are discussed below.

best way to safe money

best way to safe money

PiggyVest Review: How to Get Started With PiggyVest

  1. Firstly, Sign up to this amazing platform by clicking here
  2. Fill in the registration form and submit.
  3. Go over to your E-mail and click on the verification mail sent to you to verify your account.
  4. Login to your dashboard and link your BVN
  5. Fund your Flex wallet to redeem your your Sign up bonus.
  6. Refer friends to earn more, you earn #1000 per referral.
  7. You can save your money to earning interest.
  8. Finally, You can withdraw your earnings anytime straight to your bank account.

You can watch this video below in order to know how to register a piggyvest account:

PiggyVest Frequently Asked Questions (PiggyVest FAQS)

* Does a bank own Piggyvest? Who owns the Platform?

Piggy vest is not owned by any Nigerian bank.

The company was founded by Odunayo Eweniyi, Ayo Akinola, Joshua Chibueze, Nonso Eagle, and Somto Ifezue. It has raised up to $1.2m (seed) to date. the company investors include Village Capital, Leadpath Nigeria, Ventures Platform and VilCap Investments.

👉Click HERE to Sign Up for PiggyVest and claim your N1000 Bonus (Sign Up Now, Before The Bonus Expires)

* Is Piggy Vest insured by NDIC?

Yes, it is insured by NDIC. The company operates as an MFB (Microfinance bank) which is regulated by the CBN and whose funds are insured by the NDIC.

* How long has PiggyVest been in existence?

This platform started in December 2015. So this year will make 6 years that the company has been in existence.

* Is my BVN safe with Piggyvest?

Yes your BVN is safe with Piggyvest.

This platform requires your BVN so it can validate your identity and protect you against identity or money theft. Regulatory bodies also require Piggy vest to ask for its customer’s BVN. It also helps provide an extra layer of security to your account.

* How do you make money on PiggyVest?

You can make money with this platform from the interest you get from saving or investing. You can also make money N1000 for each referral you make to the platform.

* How much Interest does Piggyvest Give?

Piggyvest users can earn between 10% to 15% interest per annum on its savings plans. While the interest on the platform’s investment plans can get as high as 25%.

* How does Piggyvest Target Savings Work

Target Savings enables you to save towards a particular goal. You can save towards a personal target or even enter a group savings challenge with other Piggyvest users.

Some goals you can save towards include your rent, a vacation or even a household item. You also earn an interest of 10% per annum on Target Savings.

* Investify — How does Piggyvest Investment Work

Investify by Piggyvest allows a user to invest in low-medium risk investment opportunities that have been vetted.

Each investment opportunity on this platform has its own insurance coverage.

The interest rates on Investify can get up to 25%. Your interest accrued on Investify is paid into your PiggyFlex account daily, monthly, quarterly or at the end of your investment period.

* How to invest money with PiggyVest

To invest with Piggyvest follow the following steps:

  1. Create an account
  2. Find investify on your PiggyVesy account Dashboard and click on it.
  3. Review the investment opportunities and invest in the one that you prefer.

Note: The minimum investable amount you can invest in most opportunities on investify is N3000.

* How do I withdraw money from Safelock PiggyVest?

The Safelock feature allows you to lock money until a set withdrawal date. this date will be chosen by you. When the withdrawal day has reached. Your money will be sent to your flex account where you can withdraw for free.

* How do I cancel my PiggyVest account?

You may stop using this company’s services by closing your account and cancelling the terms you have with them at any time by contacting the company at contact@piggyvest.com or 0700 933 933 933.

* Is Piggyvest a good option for Saving and Investing?

Piggyvest was the first digital savings app in Nigeria.

It has gone from strength to strength since then and is now offering various ways for people to save, invest and earn money without worrying about the safety of their money.

This savings and investment company offers some of the best interest rates you can find in the market and its feature that allows people to save, invest and earn interest in dollars makes it a great option.

PiggyVest Review: LEGIT or SCAM? What They Don’t Tell You About PiggyVest

👉Click HERE to Sign Up for PiggyVest and claim your N1000 Bonus (Sign Up Now, Before The Bonus Expires)

PiggyVest Features (How many products does Piggyvest have)?

Piggyvest has a range of features (wallets) that revolve around savings and investments. These wallets include:

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

How Many Products Does PiggyVest Have?

PiggyVest has a variety of products for investments and savings. The savings part has five features. They include: Piggybank, Safelock, Targets, Flex Naira, and Flex Dollar.

1. Piggybank

This is the core online savings aspect of PiggyVest. Here, you can save any amount of money at any point in time from your bank account. There is also an Autosave feature that automatically withdraws from your account daily, weekly, or monthly (according to each user’s preference). An interest of 10% is paid per annum on this feature.

2. Safelock

This allows you to set money aside for a fixed period. You are denied access to these funds until maturity. If you decide to Safelock a particular amount of money, the funds are locked until the time you choose. This feature of PiggyVest is particularly useful if you need to save money for future purposes. (For instance, school fees or a car). The cool thing about Safelock is that the interest rate of 6%-15% per annum will be paid upfront.

3. Targets

Just as the name implies, Targets helps you save towards particular goals like house rent, school fees, etc. It also encourages group savings where each member has a payment frequency daily, and each group has how much they expect to have at the date of maturity. This feature is beneficial as it helps people with similar interests save towards a common goal. The interest rate is 10% per annum.

4. Flex Naira

Flex Naira is a flexible savings wallet where interests earned on all other PiggyVest features are deposited. As a user, you can fund your Piggybank, Target, Safelock, Flex Dollar, or Investify using funds in your Flex. The rule here is that you can only withdraw once every ten hours, with a maximum of four withdrawals. Once you exceed this maximum, all accrued interest on Flex savings will be lost. The interest rate on this feature is 10% per annum.

5. Flex Dollar

Flex Dollar allows you to save, invest, as well as transfer your funds in dollars. The market behaviors determine the interest rates here.

piggyvest-savings-app

piggyvest-savings-app

Piggyvest Review : How do piggyvest referral work?

When someone signs up to PiggyVest using your referral link, you and the person you have referred each earn N1000, which is paid into your SafeLock. This matures to your flex account after 10days once the referred user is marked valid.

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.

And your referrals also earn #1000 after a complete sign up and verification.

Piggyvest Review : How to Withdraw From PiggyVest

You can easily withdraw your funds at any point in time by requesting withdrawal to your bank account. You can also withdraw your referral earnings provided your referrals have completed the sign up process and verified their account.

Logically if you refer about 30 person’s you will be withdrawing a passive income.

Piggyvest Review : When can I withdraw my Piggyvest 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.

PS: If you decide to set your own convenient FREE withdrawal date, the next available FREE date will be exactly 3 months from your last free withdrawal day.

Piggyvest Review : When is Piggy bank’s free withdrawal dates?

You can choose your own FREE withdrawal dates on your dashboard.

OR You can use Piggybank’s FREE withdrawal days which are:

  • 31st March
  • 30th June
  • 30th September
  • 31st December

Piggyvest Review : What happens if I withdraw outside Piggy bank’s free withdrawal dates?

Any day outside the Withdrawal days will attract a 5% penalty fee.

Piggyvest Review : Can I choose any amount to withdraw?

Yes, you can, just go to the withdraw page and enter how much you want to withdraw.

Piggyvest Review : What is the maximum and minimum amount I can withdraw from my piggyvest account?

The minimum amount you can withdraw from your Piggybank is N3000 and there is NO maximum. You can withdraw all of your funds whenever. However, fixed free withdrawal dates still apply.

PS: You can ONLY withdraw once in 24hours.

Piggyvest Review : Do transfers from piggybank to flex count as a withdrawal?

Yes, transfers from your Piggybank wallet to your Flex account count as a withdrawal.

👉Click HERE to Sign Up for PiggyVest and claim your N1000 Bonus (Sign Up Now, Before The Bonus Expires)

Piggyvest

Piggyvest

Piggyvest Review : The Pros and Cons of PiggyVest Investment App

Benefits and draw backs Benefits As a PiggyVest user, you stand to gain the following :

The Pros of PiggyVest

  1. You have the opportunity to save your money at your own pace
  2. The benefit of savings ensures you have money to meet your emergency needs when needed
  3. You can save at source by using the autosave, this is a feature that allows you to set auto-debits from your debit card to your Piggyvest savings automatically until you reach your target. This means your savings is been taken away before spending commences which should be ideal.
  4. You have the opportunity to increase your savings at any point using the quicksave option, this option enables you to add more funds to your Piggybank savings. You can add up to N200,000 at once with this option, you can however add this multiple times in a single day.
  5. The customer service is timely and prompt in resolution of challenges Withdrawal is always effective without hassles or delay of any kind.
  6. The safelock affords you a fix deposit feature.

The Cons of PiggyVest (Draw backs)

  1. There isn’t free money, your interest accrued is a function of what you saved and how much you saved.
  2. There’s a 5% fee for withdrawals before the scheduled date, this is to discourage you from withdrawing unnecessarily.

PiggyVest Founders /CEO

PiggyVest Founders /CEO — Odunayo Eweniyi

PiggyVest Founders /CEO — Odunayo Eweniyi

Who is the founder of Piggyvest?

Odunayo Eweniyi is the founder.

Co-founders Somto Ifezue and Joshua Chibueze

Odunayo Eweniyi is a first-class degree in Computer Engineering

Odunayo Eweniyi has been recognized on the Forbes Africa ‘#30Under30’ list

Has of writing she have a very simple working space has shown above with awesome tools like current computer Macbook Pro 13” , Current mobile device is iPhone XS and Google Pixel 3s

PiggyVest Review: LEGIT or SCAM? What They Don’t Tell You About PiggyVest

Piggyvest Sign Up / Registration

All that we are discussing piggyvest , you need to register to participate

You can register in 3 simple steps

Piggyvest Registration -STEP ONE

You need to use our referral link so you can earn 1,000 naira

👉Click here to register for piggyvest

It will take you to page up there then ‘CREATE A FREE ACCOUNT’

What Other Users/Clients are Saying About PiggyVest Investment App

What Other Users/Clients are Saying About PiggyVest Investment

What Other Users/Clients are Saying About PiggyVest Investment

What Other Users/Clients are Saying About PiggyVest Investment

What Other Users/Clients are Saying About PiggyVest Investment

PiggyVest Investment Customers feedback

PiggyVest Investment Customers feedback

Customers testimonials

Customers testimonials

Customers reviews

Customers reviews

Customers testimonials

Customers testimonials

Users Reviews

Users Reviews

Obviously, I could go on and on with these awesome reviews/feedback from the real and happy users of Piggvest but I wouldn’t want to bore you with thousands of testimonials.

👉Click HERE to Sign Up for PiggyVest and claim your N1000 Bonus (Sign Up Now, Before The Bonus Expires)

PiggyVest Review Final Conclusion and my Verdict:

PiggyVest is an awesome platform you should give a shot with your money, it’s never late making significant impact in your finance, the system will outlast the test of time without stress of any kind. It’s sure the big wreck and industry hack a waiting traditional banks in Nigeria.

Piggyvest is one of the best saving and investment platforms. It is safe and I can recommend it to everyone. If you want to start saving, then I can assure you that piggy vest is your best bet.

Piggybank handles your funds carefully and one of the good things about piggyvest is that you can be earning while you are saving.

I use PiggyVest to save & invest securely. Sign up with my link and get ₦1,000.00 to start your own savings journey

 

Hope you found this piggyvest review helpful.

 

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