How to Use PiggyVest: A Guide to Investing and Saving

Saving and investing have, of late, become so important in the world today. For this reason, most people seek to understand how to use PiggyVest to save and invest.

Knowing how to use PiggyVest app will help in saving and investing for a better management and planning of one’s finances.

One of the preferred saving platforms, PiggyVest, has been designed in a way that will let you cut down on overspending and build financial discipline to keep your future secured.

This post will explain how to use PiggyVest, how to save and invest through PiggyVest, how the platform works, and how it is always in demand. Stay glued to this article as we explore this platform called PiggyVest.

What is PiggyVest?

PiggyVest is a Nigerian-based fintech committed to providing a mobile application for safe savings and investments.

Incorporated in 2016, it has grown into one of the leading savings and investment platforms in West Africa with over 1 million registered users.

People use it for emergency savings, trips, and major purchases. The application is user-friendly, with several features aimed at developing a saving habit for the purpose of reaching one’s financial goals and earning returns on investment.

With PiggyVest, you will be able to split your savings into several target accounts and keep a record of everything.

Features of PiggyVest

With a wide variety of features, PiggyVest is set up to help you reach your financial goals. Here are some of the features that make PiggyVest stand out:

Automated Savings: It is easy to save money with PiggyVest since you can set it up to save a fixed amount of money at fixed intervals, making saving easier and less likely to be overlooked.

High-Yield Investments: We offer investment opportunities with highly attractive returns at PiggyVest, helping you increase your wealth over time.

Flexible Withdrawal: Want to access your money? Well, no problem! At PiggyVest, you can withdraw your funds anytime, giving you that flexibility you might need.

Security: Your money is secure on PiggyVest. The platform uses state-of-the-art security measures to protect your transactions and data.

User-Friendly Interface: PiggyVest’s intuitive interface allows users to navigate and manage their savings and investments without much hassle.

Financial Education: It creates avenues through which you can make a well-rounded decision on investments and ways to achieve long-term goals.

By putting it all together, PiggyVest creates a unique platform where one can save and invest with ease. Be it expert investors or beginners, it’s time to find in PiggyVest an ideal partner for financial independence.

How to Use PiggyVest App

Using the PiggyVest app is quite easy; let’s look at some ways to get you started with the app:

Download the application and create an account.
Set up your savings goal and choose your savings plan.
Fund your account through your debit card or bank transfer.

How Does PiggyVest Investment Work?

Investing on PiggyVest is a way investors invest in fixed-income investment products, agricultural investments, and real estate investments.

It does this through a peer-to-peer lending model where users lend to small businesses and individuals, accruing interest on the invested money.

PiggyVest also offers high-yielding savings. This earns the user as high as 10% per annum. The app is safe, and the investments herein are insured by the Nigerian Deposit Insurance Corporation, NDIC.

Investing on PiggyVest is relatively simple: you sign up on the app, verify your account, and then you can scroll through the various investment options that are available on the platform.

These may include such things as real estate or agriculture. By choosing any of these options, you’ll be allowing your money to work over time and earning returns from your investment.

How to Use PiggyVest to Save

You can begin your financial discipline journey by saving on PiggyVest. You achieve this by putting a little fraction of your money in a digital safe deposit made available on the platform. Saving in PiggyVest is pretty easy. Let’s show you how to go about it:

Download the PiggyVest app from the Google Play Store or Apple App Store.
Create an account by providing information like name, email, and phone number.
Set your savings goal; this could be any form of savings, either short-term or long-term savings.
Choose a savings plan to save daily, weekly, or monthly.
Fund your PiggyVest wallet by making a deposit from your debit card or directly from bank transfer.
Your savings grow because interest is credited to your deposits.

Also Read – How to use LemFi: A beginner’s comprehensive guide

How to Invest With PiggyVest

While savings are good, investing your money ensures that you get returns on your money over some time. That’s why investing in PiggyVest is a wise step to take. And to do that is not quite easy. See how it works;

Log into your account on PiggyVest and click the investment section.
Select your preferred investment product. This could be fixed income or agricultural investments.
Then, select the investment tenure, which ranges from 30 days up to 1 year.
Enter the amount you want to invest, with a minimum of ₦1,000.
Confirm your investment and wait for returns.

How to Fund Your PiggyVest Account

There are several methods through which one can use to fund a PiggyVest account. It is easy. Let us look at the various ways to fund your PiggyVest account.

Using Debit Card

Using a debit card has remained one of the easiest methods. To fund using the debit card method;

Select “Debit Card” as your preferred payment method, then fill in the card details: the card number, expiration date, and CVV.

Specify the amount you want to deposit and confirm the transaction. The funds will be credited to your account straight away.

By Bank Transfer

Alternatively, you can fund your PiggyVest account by bank transfer. This is good for those that don’t own a debit card or would rather use their bank account. To fund via bank transfer;

Tap “Bank Transfer” as your preferred payment method, then generate a unique payment code.

You can take the payment code to any bank branch and deposit any amount. Your account will be credited within 24 hours.

Through USSD code

Another means of funding your PiggyVest account is via USSD code. This is quite easy for those who do not have access to the internet or probably would not want to deal with internet hassles.

To fund your account using USSD code,

Dial the USSD code for PiggyVest, *706*433#, and follow the on-screen command to deposit money into your account. Your account will be credited instantly.

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How to Use PiggyVest Safelock

The best time to use the Safelock feature in PiggyVest is if one has funds he does not intend to spend until later. You can lock money as high as 20% interest rate annually for at least ten days on this fixed savings plan and get your interest right up front!

So, if you have money for that mid-year vacation or a fancy end-of-the-month dinner date with your significant other, you might want to avoid the temptation of spending it and instead earn juicy returns today with Safelock!

Of course, Safelock is also a great feature to explore if you want to enjoy compound interest or even build financial discipline.

Here’s how to use Safelock on PiggyVest:

Log in to your PiggyVest app.
Go to “Savings.”
Click ‘Safelock’ and click “Create a Safelock.”
Select for how long you want to lock your funds.
Enter the amount and title of the Safelock.
Choose the payback date and select the source of funds.
Click on “Preview Safelock” and authorise the transaction.
Click on “Create Safelock.

How to Withdraw Money From PiggyVest Safelock Before Due Date

One can withdraw money from PiggyVest Safelock before the due date, which will attract some penalty fee.

Safelock is a feature in the PiggyVest account that allows users to lock their savings for specific periods while earning interest on their savings.

If you need your money before the due date, you can have access by breaking your Safelock. Here is how to do this:

Sign into your dashboard and select Safelock.
Locate the Safelock you’d want to break and click the Break Safelock button.
Click Yes, Break My Safelock – you will be asked to confirm you need to break your Safelock and to accept a penalty fee. This is normally a fraction of the accrued interest that would have happened to your savings.
Once confirmed, the amount will be credited to your wallet on PiggyVest, and you can also withdraw into your bank account.

It is, however, worth considering that breaking Safelock before the due date may not be the best idea since you will forsake all interest earned on your savings.

You must, therefore, be very careful when planning your finances to avoid futilely breaking your Safelock.

You could, in addition, plan for an emergency fund or use the “Flex Naira” feature PiggyVest has to save and earn savings interest, yet access to your money is still possible when needed.

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Benefits of Using PiggyVest for Savings and Investments

Saving and investing, though daunting, are easier now with PiggyVest. The platform helps you reach your financial goals, whether you are a sophisticated investor or just starting out. Here are the benefits of using PiggyVest for savings and investments:

Disciplined Savings: PiggyVest helps you in cultivating the habit of saving by setting aside a fixed amount of money at regular intervals. Learn how to save smarter with PiggyVest by automating your savings and achieving your goals much faster.

High-Yield Investments: With the help of PiggyVest, you can invest in high yielding assets that generate competitive returns. Learn how to use the investment opportunities through the use of the PiggyVest app.

Financial Freedom: Save and invest with PiggyVest to take the first step toward financial freedom. Imagine being able to pursue your passions and live life on your terms.

Low Risk: PiggyVest is crafted in such a way that it minimizes risk, hence securing your savings and investments. Learn how to use PiggyVest in diversifying your portfolio to reduce risk.

Ready to unlock the power of PiggyVest? Learn how to save and invest with confidence using PiggyVest. Download the PiggyVest app today and start building the financial future you deserve!

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Tips for Maximizing Your PiggyVest Savings and Investments

Follow these useful tips to maximize your savings and investments with PiggyVest:

Choose the Right Plan: Use PiggyBank for automatic savings, Safelock for fixed deposits with higher interest up to 20%, and Target Savings for specific goals like vacations or gadgets, earning up to 12% per annum.

Set Up AutoSave: Automate your savings by turning on the AutoSave feature to regularly set aside money without necessarily thinking about it.

Investify: Invest with Investify in low-to-medium risk opportunities and earn up to 35% annually. Invest small and diversify your portfolio over time.

Get Notified: Check the app regularly for new ways to invest and save money wisely.

Frequently Asked Questions

What savings plans are available on the platform?

Among others, the plans include PiggyBank, Safelock, Target Savings, Flex Naira, Flex Dollar, and HouseMoney™ on the platform for different kinds of savings needs.

Can I invest using PiggyVest?

Yes, you can invest with the Investify feature on PiggyVest, providing low to medium-risk investments with possible returns of up to 35% every year.

Is my money safe with PiggyVest?

Yes, savings or investments made through PiggyVest are covered by insurance from the NDIC, adding some level of security to your investments.

What is the minimum that I can save or invest?

With PiggyVest, you can save or invest as low as ₦100; hence, its affordability is not in question for any person regardless of their financial status.

Conclusion

PiggyVest is a strong investment and savings tool that offers an easy platform to achieve your financial goals.

In this guide, you have learned how you could automate your savings and investments in high-yielding assets with PiggyVest, and track the progress of your money. Mastering how to use PiggyVest will ensure you get value for your money.

Start saving, investing, and securing your financial future with PiggyVest today. Find out how to save and invest wisely with PiggyVest!