PiggyVest Review: Digital Kolo Saving At It\’s Easiest

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Do you want to save money for your future goals without the temptation of spending it? Do you want to invest your money in profitable opportunities and watch it grow? Do you want to join a community of like-minded people committed to financial freedom? If you answered yes to any of these questions, you must check out Piggyvest.

Piggyvest is an online platform that helps you save and invest money in a smart and convenient way. It was launched in 2016 as Piggybank, and later rebranded to Piggyvest in 2019. Since then, it has helped over 3 million Nigerians save over ₦200 billion and earn over ₦15 billion in returns.

In this post, I will show you how Piggyvest works, its features, how safe it is, and how you can start saving and investing with Piggyvest today.

How Piggyvest Works

Piggyvest is based on the concept of the traditional Kolo box, where you put small amounts of money that you don’t need at the moment, and break the box at the end of the year to access your savings.

However, Piggyvest is much more advanced and flexible than the Kolo box. With Piggyvest, you can automate the process of saving money from your bank account on a daily, weekly, or monthly basis. You can also set a withdrawal date for your savings, and if you try to withdraw before then, you will pay a penalty fee. This way, you can discipline yourself to save for your long-term goals.

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Features of Piggyvest

Piggyvest offers a variety of features to suit your saving and investing needs. Some of these features are:

  • Target Saving: This feature allows you to save towards a specific goal, such as buying a car, paying your rent, or going on a vacation. You can set the amount, duration, and frequency of your savings, and track your progress on the app. You can also invite your friends to join you and save together for a common goal.
  • Group Savings: This feature allows you to create or join a group of savers who pool their money together for a shared purpose. You can set the rules, terms, and conditions of the group, and monitor the contributions and withdrawals of each member. This is a great way to save for projects, events, or causes that require collective funding.
  • Safelock: This feature allows you to lock away a portion of your money for a fixed period of time, and earn interest on it. You can choose to lock your money for as short as 10 days or as long as 1000 days, and earn up to 13% per annum. This is a great way to save money that you don’t want to touch until a certain date, such as your birthday, anniversary, or Christmas.
  • Investify: This feature allows you to invest your money in pre-vetted and low-risk opportunities, and earn high returns. You can choose to invest in Naira or US dollars, and enjoy up to 25% per annum. This is a great way to grow your money and diversify your portfolio.

Is Piggyvest Safe?

You might be wondering if Piggyvest is safe and secure to use. The answer is yes. Piggyvest uses the highest level of encryption and security to protect your data and funds. It is also registered and regulated by the Central Bank of Nigeria (CBN) as a microfinance bank, and insured by the Nigeria Deposit Insurance Corporation (NDIC). Your Bank Verification Number (BVN) is safe with them and only used for verification purposes.

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How to Start Saving and Investing with Piggyvest

If you are ready to start saving and investing with Piggyvest, here are the steps to follow:

  • Visit the official website [here] and create an account. You can also download the Android or IOS app [here] and [here] respectively, or use the website if you prefer.
  • Complete the necessary verifications and submit the required documents. This will help you unlock all the features and benefits of Piggyvest.
  • Fund your account either by bank transfer or debit card. Make sure the name on the account matches the name you used to register on Piggyvest, to avoid any issues.
  • Choose the feature you want to use, and start saving or investing your money. You can also refer your friends and family to Piggyvest, and earn ₦1,000 for each person you refer.

How to Withdraw Your Money from Piggyvest

Withdrawing your money from Piggyvest is easy and fast. Once you reach your withdrawal date, you can withdraw your money to your Flex account, and from there to your bank account. There are no charges or fees for withdrawing your money on your withdrawal date.

However, if you want to withdraw your money before your withdrawal date, you will pay a penalty fee of 5% of the amount you want to withdraw. This is to discourage you from breaking your savings habit and help you achieve your goals.

Note that money earned from referrals are paid directly to your Naira Flex account, and can be withdrawn anytime without any penalty.

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Conclusion

Piggyvest is the ultimate platform for saving and investing money in Nigeria. It helps you save money for your future goals, invest your money in profitable opportunities, and join a community of like-minded people who are committed to financial freedom.

It is also safe, secure, and regulated by the relevant authorities, so you can rest assured that your money is in good hands.

If you are looking for a smart and convenient way to save and invest your money, then you should try Piggyvest today.

Do you have any questions or feedback about Piggyvest? Do you have any success stories or testimonials to share? Please leave a comment below and let me know.

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