Home Finance Is Piggyvest Legit? Is Piggyvest Approved by CBN? How Does Piggyvest Work?

Is Piggyvest Legit? Is Piggyvest Approved by CBN? How Does Piggyvest Work?

Are you looking for a reliable and safe way to save and invest your money? Perhaps you have heard of Piggyvest, the Nigerian financial technology company that has gained popularity in recent years. 

But with so many scams and fraudulent schemes out there, it’s only natural to wonder about the legitimacy of Piggyvest. In this blog post, we’ll explore the legitimacy of Piggyvest, including its approval by the Central Bank of Nigeria (CBN), and how it works. Whether you’re a seasoned investor or someone just starting out, this post will provide you with all the information you need to make an informed decision about using Piggyvest’s services.

Features Of Piggyvest? 

PiggyVest is a Nigerian online savings and investment platform that helps users save and invest money with ease. It offers a variety of features that make it a popular choice for users, including:

  • Automated savings: PiggyVest allows users to automate their savings by setting up a recurring savings plan. This means that a certain amount of money will be automatically transferred from their bank account to their PiggyVest savings account on a regular basis.
  • Target savings: PiggyVest allows users to set up target savings goals. This means that users can set a specific amount of money that they want to save and PiggyVest will help them track their progress towards their goal.
  • Flexible savings: PiggyVest offers a variety of flexible savings options, such as the Flex Naira wallet, which allows users to withdraw money at any time without penalty.
  • Investments: PiggyVest also offers a variety of investment options, such as Safelock, which allows users to invest their money in fixed-income securities, and Investify, which allows users to invest in early-stage startups.

It is a good option for users who are looking for a convenient and affordable way to save and invest money.

Is piggyvest legit?

So, is Piggyvest legit? Absolutely! Piggyvest is a trustworthy and legitimate financial technology company that has been approved by the Central Bank of Nigeria (CBN). With Piggyvest, you can rest assured that your funds are safe and secure. 

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They prioritize the security of your account and have implemented features like the Bank Verification Number (BVN) to prevent fraud and unauthorized access. So, whether you’re saving or investing, you can confidently use Piggyvest and enjoy the peace of mind that comes with a reliable platform.

Is Piggyvest Approved by CBN?

Yes, Piggyvest is approved by the Central Bank of Nigeria (CBN). This is a significant endorsement that confirms the legitimacy and trustworthiness of the platform. The approval from the CBN means that Piggyvest operates in compliance with the regulatory standards set by the central bank. 

By partnering with a CBN-approved platform like Piggyvest, you can have peace of mind knowing that your funds are being handled by a reputable and regulated financial institution. This approval also assures users that their transactions and personal information are secure, as Piggyvest follows strict security protocols set by the CBN.

How Does Piggyvest Work?  

Piggyvest is a user-friendly platform that offers various savings and investment options to help you grow your money. Here’s how Piggyvest works:

  1. Create an account: Sign up on the Piggyvest website or mobile app using your personal details.
  2. Set your savings goal: Determine how much you want to save and the duration of your savings plan.
  3. Choose a savings option: Piggyvest offers different savings plans, including the SafeLock feature, where you lock your funds for a set period to earn higher interest.
  4. Automated savings: Set up automated transfers from your linked bank account to your Piggyvest savings account to ensure consistent savings.
  5. Earn interest: Watch your savings grow with the interest earned on your account.
  6. Investment opportunities: Piggyvest also provides investment options such as the Piggyvest Investify feature, where you can invest in a variety of opportunities.
  7. Withdraw funds: When you reach your savings goal or need to withdraw your funds, you can easily do so through the platform.

Piggyvest simplifies the saving and investing process, making it accessible for everyone, regardless of financial knowledge or experience. So, start using Piggyvest today and take control of your financial future!

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FAQS

How does PiggyVest works?

PiggyVest is a Nigerian online savings and investment platform that helps users save money, grow their investments, and achieve their financial goals. They offer a variety of savings and investment products, including:

  • Savings Plans: PiggyVest offers a variety of savings plans that allow users to save money automatically on a regular basis. These plans have different interest rates and lock-up periods.
  • Target Savings: PiggyVest’s Target Savings feature allows users to set a savings goal and create a plan to reach it. They can save automatically on a regular basis or make lump sum contributions.
  • Investify: PiggyVest’s Investify feature allows users to invest in a variety of assets, such as stocks, bonds, and real estate.
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How genuine is PiggyVest?

PiggyVest is a licensed and regulated financial institution in Nigeria. They are registered with the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN). They also have a good reputation for customer service and have been featured in several reputable publications, including TechCrunch and Forbes.

How much interest does PiggyVest give per month?

The interest rate on PiggyVest’s savings plans varies depending on the plan you choose. However, the average interest rate is around 10% per annum. This means that if you save ₦10,000 with PiggyVest for a year, you will earn ₦1,000 in interest.

When can I withdraw my money from PiggyVest?

The withdrawal policy for PiggyVest’s savings plans varies depending on the plan you choose. Some plans allow you to withdraw your money at any time, while others have lock-up periods. If you need to withdraw your money before the end of the lock-up period, you may be charged a penalty fee.

How do you keep money in PiggyVest?

You can keep money in PiggyVest by linking your bank account to your PiggyVest account. You can then transfer money from your bank account to your PiggyVest account and start saving or investing. You can also make deposits using your debit card or mobile money.

Conclusion 

In conclusion, Piggyvest is a trustworthy and legitimate platform that has been approved by the Central Bank of Nigeria (CBN). With its secure features like the Bank Verification Number (BVN) and adherence to CBN regulations, Piggyvest prioritizes the safety and security of your funds. Whether you’re saving or investing, Piggyvest provides a user-friendly experience and a variety of options to help you grow your money. By partnering with a CBN-approved platform like Piggyvest, you can have peace of mind knowing that your transactions and personal information are protected. Start using Piggyvest today and take control of your financial future with confidence.