High financial savings app in Nigeria with good rates of interest

the best mobile banking apps, On Google Play Store, some Nigerians are dissatisfied with their mobile banking apps  

Saving is a vital approach to take pleasure in monetary safety in life and its advantages can’t be overemphasized. For some individuals, saving comes naturally, whereas others require extra motivation to save lots of a fraction of their revenue.

Based on information from the Nationwide Bureau of Statistics (NBS) 40% of the overall inhabitants, or nearly 83 million individuals, reside under the nation’s poverty line of N137,430 ($335.48) per 12 months. This makes it troublesome for many individuals to save lots of as there isn’t sufficient to fulfill their wants within the first occasion.

High saving apps to be careful for…

Regardless of the challenges with placing cash apart for the wet day, saving improves your monetary state of affairs over time and makes it simpler so that you can accumulate wealth. In current occasions, fintech startups in Nigeria have stepped in to make saving simpler and extra acceptable to Nigerians. This text will look at the highest performers amongst them.

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PiggyVest is the biggest single on-line financial savings & funding platform in Nigeria. The corporate is on a mission ‘to provide everybody the facility to raised handle & develop their funds.’

Launched in 2016, Piggyvest has continued to ship wonderful service to their 1,000,000 customers and counting, serving to them handle their funds with simplicity and transparency. With over 500,000 downloads on the Playstore and over ₦1,000,000,000 securely saved in PiggyVest each month alone, PiggyVest customers save funds that they might usually be tempted to spend recklessly.

Curiosity Charges

All of the financial savings and funding choices on PiggyVest are tailor-made in direction of a specific want. Relying on the financial savings plan you select, rates of interest are from 10% to over 13% every year in your financial savings.


  • Piggybank pockets – For those who’d prefer to recurrently put away cash to your financial savings and withdraw solely as soon as 1 / 4, then the piggybank pockets is best for you. You can provide a standing order to your desired quantity to be debited mechanically out of your account and credited to your piggybank pockets.
  • Goal Financial savings – For those who’re saving in direction of a specific objective resembling hire or journey, it is a nice choice. You possibly can invite associates and make it a enjoyable problem to smash all of your monetary objectives.
  • SafeLock – For those who’re in search of one thing geared in direction of the long run, the SafeLock characteristic is ideal for you. With larger rates of interest, you can lock away funds you don’t want entry to and make much more cash doing so.
  • Flex Greenback – Flex Greenback is a characteristic that permits you to save, make investments and switch funds in {dollars}. You rise up to 7% every year in your PiggyVest Flex Greenback account. Rates of interest are decided by the market behaviour at any given time.


Cowrywise is the wealth administration app that allows you to plan, save and make investments cash simply. With direct entry to the biggest pool of mutual funds in Nigeria, you possibly can construct your financial savings and funding portfolios, handle your cash securely and construct a greater monetary future.

Curiosity Charges

The platform has an curiosity calculator that determines how a lot curiosity you possibly can earn in a particular interval.


Cowrywise provides several types of saving circles tailor-made to anybody.

  • Common Financial savings – With this, you possibly can set your saving plan to be each day, weekly or month-to-month for no less than 3 months. You solely have to specify this as soon as through the set-up of your plan and Cowrywise will be sure that this cash is saved mechanically on these specified days in your Cowrywise financial savings plan.
  • Halal Financial savings – Halal financial savings is an interest-free financial savings plan. This plan is designed for Muslims who don’t need to earn curiosity on their financial savings. This saving plan saves your cash with out accruing any curiosity revenue on the finish of the saving circle.
  • Saving Circles – This plan permits you to set saving targets open to everybody. It’s sought of a financial savings problem individuals can have interaction in. Contributors may also earn on the finish of the financial savings circle.

Kuda Financial institution

Kuda Financial institution is a free, digital-only financial institution with a microfinance banking license from the Central Financial institution of Nigeria. Kuda consists of instruments for monitoring your spending habits, saving extra, and making the proper monetary selections.

The platform provides you as much as 25 free transfers to different banks each month. With over 1M downloads on the Playstore

Curiosity Charges

Kuda provides as much as 15% annual curiosity in your financial savings.


  • Spend+Save – Is an unique characteristic that saves cash for you mechanically each time you spend out of your Kuda account. To make use of this characteristic, set a share to save lots of whenever you spend. You possibly can withdraw out of your Spend+Save financial savings.
  • Versatile financial savings – With versatile financial savings, it can save you in direction of a objective and earn as much as 10% curiosity.
  • Fastened financial savings – With fastened financial savings, it can save you a lump sum for a hard and fast time and earn as much as 15% curiosity.


Crowdyvest is an impact-driven cooperative society that creates monetary options for a group of people and organizations which might be dedicated to long-term development and monetary freedom in alignment with the 17 SDGs.

Curiosity Charges

Curiosity is accrued each day with charges between 12.5 to fifteen% every year.


Crowdyvest provides completely different financial savings plans.

  • Flex – The Flex Plan permits you to save and withdraw your funds anytime you need. Save and watch your cash develop.
  • Flex Greenback – The Flex Greenback Plan permits you to save in {dollars} by yourself phrases and earn tremendous respectable pursuits.
  • Vault – The Vault Plan permits you to lock in a hard and fast quantity for plenty of months and get your curiosity paid upfront.
  • Tempo – Set and meet targets with recurring automated deductions in your locked plan ranging from 3 months.


Vestpay is a saving and funding software that solves the problem of protected funding alternatives, financial savings tradition, and wealth creation prevalent on this a part of the world. In essence, Vestpay helps you retain your future in your pocket. They provide a sensible approach to save in direction of your objectives, pay payments, get loans and make investments.

Curiosity Charges

Vestpay provides 15% on course financial savings and quite a lot of investments alternatives starting from livestock to crop and actual property.


  • Common Financial savings – This characteristic permits you to set your most well-liked saving technique, each day, weekly, or month-to-month that may enable you to make higher life selections by means of constant financial savings.
  • Financial savings Targets (Fastened Deposit) – This characteristic permits you to save in direction of a particular objective. You possibly can select to save lots of in direction of a particular monetary objective or goal (rents, college charges, particular occasions, and so forth.).


Backside Line

Saving cash is vital as a result of it protects you within the occasion of a monetary emergency and it performs an vital function in selling the financial development of any nation.

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