Why You Should Save With Piggybank — Your 12 Reasons

1. You earn points for saving

With Piggybank, you don’t just save, you earn points for saving as well. Every point earned can be converted to cash which is kept in your PiggyFlex account and it can be withdrawn at any time. Your PiggyFlex account is also where the monthly interest on your savings is paid to. The purpose of the PiggyFlex account is for you to keep money that you might need at any time. Accumulated bonus points can be converted to cash to buy airtime or data subscription, you know (winks).

2. Higher interest rates than your commercial bank

Piggybank pays 10% for both Core Savings and Target Savings. You will even see this on your account dashboard. For Safelock, it is over 13% interest. I doubt you can get such interest rate from any bank. The interest rates are definitely higher and this is the more reason for you to save. Put the same amount of money in your normal bank account and in your Piggybank account, the money in your Piggybank will definitely grow faster.

3. Transparency of transactions

Every month, you get a breakdown of how your interest was accrued on your savings. The interest is daily so you get how much was paid daily as interest to you on any amount saved. There’s also a track record of your transactions from the time you opened a Piggybank account till the present time. Whatsoever transaction might have occurred internally (when you save and earn or convert bonus points) or externally (like when someone uses your referral link or when someone pays directly to your Piggybank account), you can see and track it.

4. You can set withdrawal dates

You can set when you want to collect your money but if it is not set, Piggybank has their own withdrawal dates which you can use. It’s four times in a year and it is a quarterly period — the last day of March, June, September and December. Any attempt to withdraw before the withdrawal dates leads to a penalty which leads me to my next point.

5. Penalty for not following your plan

If you decide to withdraw before the date that you have set, Piggybank charges you 5% of any amount you wish to withdraw at that point in time. This is just to make you a man of your words and to discourage you from being an impulsive spender. The aim of Piggybank is to help you save. If you just come to withdraw at any time without any penalty, I doubt that you will be able to save anything at all. The penalty is to make you disciplined.

6. Different saving plans with individual interest rates

As earlier mentioned, there is Core Savings with 10% interest rate. Core Savings is the money saved through Quick Save or AutoSave. Quick Save is you saving at any time by yourself. AutoSave is when Piggybank saves for you based on the amount you state.

There is Safe Lock with about 15.5% interest rate. Safe Lock is when you decide to put some money away for a particular period of time. It works like the Fixed Deposit Account which we have with our normal banks. One interesting thing about Safe Lock is that you get your interest upfront. Your interest is immediately paid to your PiggyFlex account when you safe-lock any amount but your original amount is withdrawable after the period of time for which you set aside the money expires.

7. Save for the future

There is something called Save For the Future (SFF). I can say that the Target Savings with 10% interest rate is a way of you saving for the future. You target an event in the future and you begin to set money aside for it. This is good if you are saving towards a wedding, a birthday, a burial or even a fun event, any event at all. It can also be that you want to save to buy something very important just like someone I know was saving to buy a MacBook using Piggybank and the target was met. Piggybank will also show you how far or near you are to meeting this target.

8. Get money transferred directly to your piggy account.

I know that our normal banks charge us for transfers made to other banks different from our banks but with Piggybank, anyone can make transfers directly to your Piggybank account. When they do this, it goes directly to your Core Savings. That way, you save yourself the stress of having to save such money with the Quick Save option and the transfer charge is way lesser than that of your normal bank.

For me, you can make transfers from any bank to my piggybank account http://piggybank.ng/link/@maryabiodun" class="cc dg ja jb jc jd" target="_blank" rel="noopener nofollow" style="box-sizing: inherit; text-decoration-line: none; -webkit-tap-highlight-color: transparent; background-repeat: repeat-x; background-image: url💋quot;data:image/svg+xml;utf8,"); background-size: 1px 1px; background-position: 0px calc(1em + 1px);">here

9. You earn referral bonus too.

This is one awesome part of having a Piggybank account. When people register on Piggybank with your Piggybank referral link or your phone number using the referral option (which is actually optional), you both earn referral bonuses. That means both parties (the one creating an account and the owner of the referral link/phone number) earn this N1,000.

You can create your own free Piggybank account on https://piggyvest.com/l/244c58a" class="cc dg ja jb jc jd" target="_blank" rel="noopener nofollow" style="box-sizing: inherit; text-decoration-line: none; -webkit-tap-highlight-color: transparent; background-repeat: repeat-x; background-image: url💋quot;data:image/svg+xml;utf8,"); background-size: 1px 1px; background-position: 0px calc(1em + 1px);">piggyvest.com

10. Automatic savings

Automatic savings is also referred to as AutoSave. As I said, this is when Piggybank saves for you based on the amount stated by you. You also get to select the time you want this automatic saving to be done and whether it should be done daily, weekly or monthly. At whatever time you set, you will be debited from your normal bank account with which you activated your Piggybank account.

If you don’t want the AutoSave option, you can deactivate or turn it off. Then you save with the Quick Save option any time you want to. On your Piggybank account dashboard, you can check out the other ways for quick saving apart from using the bank account you registered with.

If you have not  hear about piggyvest,am using this minute to tell you to have an account with them because is very good in saving.you can go and read about it and you will see that is very good for you and for every body.this are the step you need to take:(1)go to Google type www.piggyvest.com or if anyone send a link to you,you can enter through the link.when you have open the piggyvest.(2)your full name,email, phone number, date of birth,Bvn number, account number, their is one number in your ATM right it,and another number at the back of your ATM is four digit number right it and your ATM expired date.after all the registration you we transfer 100 naira to your flex account and 100 to your piggy account and 1k in flex and  1k to piggy account at this point they will give you 1k for open an account with them.if You can tell people and they register through your link they will give you 1k on each referral. They don't deduct money the way our banks are deduct money. And every month interest enter your account. Another thing is that if you want to buy phone or you want to do something and that thing you want to do is 50kand you don't have cash you can start saving they money into your piggyvest. If it is 200 naira that you have you can transfer.so piggyvest is very easy to save and collect.so I advice you that to have an account to them.
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@Oluwaseyeini93:

Hmmmmnnn.... If you say piggy vest is legit.








I think I'm kind of interested in this investment.






But pls can you give me more insight on the piggy vest platform and how it works..
**Man United for Life**