Today I’ll be showing you how you can earn, save in dollars, and invest with piggyvest. Just by following the following simple guide, in no time you could be on your way to financial stability.
Pigggyvest as a platform is dedicated to helping you grow your finances. They do this by helping you save, invest and also earn in ways that I’ll be showing you shortly. Without wasting much of our time, let’s jump right into it.
Also, Check ALAT by WEMA Bank – How to Earn, Save And Invest.
What Is Piggyvest?
Piggyvest is a savings and investment app that offers its users the ability to save and invest their funds. The app also helps users earn passive income. Piggyvest is the first savings and investment app not only in Nigeria but in West Africa as a whole.
Piggyvest came into being in 2016, then known as piggybank.ng. At that time, they only offered savings to their users through the app, and users could neither invest nor earn. Then in 2019, piggyvest re-branded and improved its platform. Also, they started offering direct investment opportunities to its users in addition to savings.
With a user base of over 1,000,000 users, piggyvest is committed to helping its users invest and save. In doing so, they are helping more and more people attain financial stability. Piggyvest helps its users manage and grow their finances with simplicity and transparency.
Is Piggyvest Safe?
Being an online platform where you are to deposit your money and make investments, it makes sense for you to ask how safe is it? Piggyvest has all deposits made into it insured by NDIC, so your funds are secured.
In addition to that, all deposits are housed with their asset management partners who are all registered with the Securities and Exchange Commission (SEC). So, yes your money is safe with piggyvest.
Your money and personal data are safe and secure. Piggyvest uses only the highest levels of Banking Security. Secured by 256 bits SSL security encryption, Piggyvest ensures that your information is completely safe, protected, and secure.
How To Sign Up With Piggyvest.
To start, select the button that says “sign up with piggyvest” and follow all the steps listed below.
- Click the button and get your own N1000 bonus to start your savings journey.
- Download the app to your device or simply create an account on the piggyvest website.
- Verify your account and log in to your dashboard to set up your withdrawal account information.
- Enter your ATM card information to activate your account. ( Visa card, Master card and Verve are accepted).
- Make your first deposit, and select a savings plan that works for you. You can choose between daily savings, weekly savings and monthly savings.
The following images will guide you through these processes.
When you first enter the piggyvest app, you’ll be prompted to either signup or log in. As a new user, pick signup
After entering all your details, hit the ‘create account’ button.
Congratulations! You’ve successfully created your piggyvest account.
Now what’s left will be to complete your account set up. with the following steps.
To verify your email address, tap the button where it says ‘verify your email address’.
Next is to connect your BVN to the piggyvest account.
The next step will be to connect your debit card.
Enter the details of your card and link your card to piggyvest.
How Do I Save With Piggyvest?
After setting up your piggyvest account, you choose daily savings, weekly savings, or monthly savings. There’s a limit to the deposits you can make for savings and they are:
- N50 – N50,000 daily
- N1000 – N200,000 weekly
- N3,000 – N500,000 monthly
As said earlier all your deposits and savings are safe with Piggyvest. Piggyvest aims to make savings flexible as they can be. All savings deposits are recorded on your dashboard, and your bank will send alerts to your phone.
If you fall short on cash and couldn’t deposit for a few days or weeks, piggyvest will not automatically debit your account. Rather whenever you have cash, you can use the Quicksave to top up your savings in order to meet your target.
You can also pause your savings any time you wish. To continue your savings you can simply do that from the dashboard. To meet up your target, you can use Quicksave to boost your savings.
With Quicksave you can make one-time deposits to your savings of up to N500,000.
How To Save In Dollars.
Flex dollar is the feature that lets you save, invest and transfer funds in dollars. You can fund your Flex Dollar account from your Flex Naira wallet or your bank card.
All you need to do is select an amount in Dollars you would like to purchase, then select a funding source and complete the transaction.
You can get interests on your dollar savings, up to 7% per annum on your piggyvest dollar account. Interest rates will be determined by market behavior at any given time.
Interest on your Flex dollar account is accrued daily, but it’s paid monthly. You can get up to 7% of the funds in your flex dollar account as interest at the end of the year.
The best part has been saved for last, you can start your flex dollar account with as little as $1.
Piggyvest Investment Opportunities.
Investify is a piggyvest feature that enables users to earn more on their savings by investing in pre-vetted, low to medium risk primary and secondary investment opportunities.
Return on investment can reach as high as 25% per annum, on some of the investment opportunities. All your deposits are insured by the NDIC and regulated by the SEC.
Piggyvest extra capital is an extra layer of security provided by piggyvest to make sure your capital is protected at all times.
In case of a major catastrophe, all your capital is safe. However, insurance on your interests varies, based on the investment opportunity you choose.
Your interests can be paid weekly, monthly, quarterly, or even at the end of the investment period, depending on the investment opportunity you choose to invest in.
How To Generate Your Piggyvest Referal Link.
To generate your referral link and earn N1000 per referral, you need to follow the following steps.
- Tap your profile icon
- Scroll down to where you’ll see ‘Refer and earn N1000
- Click on it, and a short message will appear with the link in.
- Copy the link and post anywhere. Whenever a user signs up using your link you get N1000 from piggyvest.
Other Ways To Earn On The App.
There are other ways to earn on piggyvest, and here ill be showing them to you.
Earn On Interest: To earn on interest in piggyvest, you don’t have to do much, cos already you get a 7% minimum interest on all deposits you make into the app. However, you can earn more interest by investing and joining other programs within the app. Here’s a complete breakdown of the interest percentage and how you can earn them:
- 8% per annum on Piggybank
- Up to 13% per annum on SafeLock
- 8% per annum on Target
- 8% per annum on Flex
- 7% per annum on Flex Dollar
- Up to 25% on Investify
Earn By Referrals: When someone signs up to PiggyVest using your referral link, both of you (you and the person you referred) each get N1000, which is paid into your SafeLock. This matures to your flex account after 10days once the user you referred 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. For a user to be marked valid, the user needs to have linked the account to their BVN, made a transfer of at least N100 to their Piggyvest account. Also, the user must fund two other wallets with N1000 each. These could be Piggybank, Safelock, or Target savings wallet. Once all these are done, referral bonuses will be unlocked and sent to your account at the maturity date.
Why You Need Piggyvest.
As I said at the beginning of this post, piggyvest as a company has the main aim of helping its users attain financial stability. It does this by helping you save the money you should have wasted.
Piggyvest in addition to helping you save also provides you with a passive source of income. The money you deposit is not only saved when the time is ripe, but you also get a nice percentage of interest on your initial savings.
You can increase this percentage by investing or joining other wallets/programs within the app. And also, with piggyvest all your deposits are safe and secured. They have all the necessary certifications to operate as a microfinance bank. As a result, they have all their deposits insured by NDIC.
To learn more about piggyvest and to answer any additional questions that you might have, click HERE.