Good day. If you've heard about Piggyvest but you've been skeptical towards it, or you're not sure if you think you should use it, or you don't do anything financial online, or you think you'd have to refer people to benefit from it, this article is for you. If you already have a Piggyvest account, you could still stick around. You might find something useful.

Since Piggyvest deals with your hard-earned money, I'd make this article detailed just enough to convince you to start saving (and investing) with Piggyvest today.

Before we continue, permit me to introduce myself. I'm Idorenyin Udoh. I'm a CS student and a front-end developer. I've been using Piggyvest since like 2018. I'd like you to note that I'm not a Piggyvest employee. However, you can reach out to me through my mail or my phone if you have any enquiry or complaint about Piggyvest. Alternatively, you could leave a comment at the bottom of this page. I'd be happy to help.

Hey! If you stay with me through to the account setup section, you'd get a referral bonus of ₦1000 to begin your savings journey.

Table of Contents

  1. Is Piggyvest Legit?
  2. What is Piggyvest?
  3. The Piggyvest Savings Wallets
  4. Piggyvest Investment
  5. Piggyvest Extras
  6. Piggyvest Account Setup
  7. Redeem Piggyvest Referral Bonus

Is Piggyvest Legit?

If you're like me, you'd want to know if you can trust these guys with your money.

Well, Piggyvest is a registered cooperative known as Piggytech Cooperative Multipurpose Society Limited (with registration number, 16555). Funds saved with Piggyvest are warehoused and managed by AIICO Capital and this is registered and licensed by the Securities and Exchange Commission (SEC). Also, Piggyvest's card payments are handled by a PCIDSS-compliant payment processor, Paystack. PCIDSS is th highest rating in the electronic payment-processing industry. Piggyvest also has an office located at Tesmot House, 3 Abdulrahman Okene Close, Off Ligali Ayorinde, Victoria Island, Lagos, Nigeria. In addition to that, Piggyvest has been active for the past 4 years till date and as of writing this, up to a million Nigerians have saved and invested billions of Naira with Piggyvest.

So if you ask me, I'd say Piggyvest is legit af.

What is Piggyvest?

Piggyvest is basically a savings and investment platform. It's main mission is to help its customers improve their saving habits, which is equivalent to curbing their spending habits. And when you save with Piggyvest, your funds actually grow because all the savings options have their different interest rates. Yes, there are different savings options or as Piggyvest likes to call them, savings wallets.

Let's look at each of them.

The Piggyvest Savings Wallets

First screenshot of Piggyvest interest rates
Second screenshot of Piggyvest interest rates

Piggyvest Investment

The investment section is pretty straightforward. There are various niches like agriculture, real estate, fixed income, and so on. An investment unit would be put up for sale for a particular amount (usually ₦5000) and you decide to purchase your preferred number of units. The interest rates vary from 12% to 24% per annum. The investments are insured and you don't have to pay tax.


A bonus feature is that Piggyvest rewards points to customers (or users) based on their saving habits. 1 point is equivalent to ₦10.

Another one is that you can refer a friend for ₦1000. Your friend also gets ₦1000.

Lol stop looking at me like that.

With that being said, I'd like to walk you through creating an account with Piggyvest, and redeeming your ₦1000.

Piggyvest Account Setup

Currently, the Piggyvest Register page looks like the following:

First screenshot of Piggyvest Register page
Second screenshot of Piggyvest Register page

Firstly, I'm going to go through the information you need to provide, as seen above, to create your account and after that, I'd provide the referral link and excuse you to create your account. However, you should note that you won't just straightaway get the ₦1000 when you create your account. There's some prerequisites. Scroll to the next section to learn more.

Don't leave me.

  1. Full Name - If you have up to five names, input them here but make sure the first is your first name. This is because Piggyvest would refer to you as the first name you specify.
  2. Email Address - In this input field, specify your valid, active email address.
  3. Phone Number - This field is for your mobile phone number. If you're not a Nigerian, I'd advise that you specify your country code.
  4. Password - The password you want to use to access your Piggyvest account once you're done creating it.
  5. Referrer Phone or Promo Code - Okay this is where you specify to Piggyvest that it was me who convinced you to start saving with them. Usually, the field is prefilled with my promo code, which is something like '29aa167a320819'. In the case that the field is empty, I'd appreciate it if you could input my phone number there. Click or tap the button below to copy it.
  6. How Did You Hear About Us? - There's a "Friend / Family / Coworker / Referral" option there. I think you should select that.

If you got here, I'm very grateful. If I was able to convince you, which I hope I did, click this link to create a Piggyvest account but make sure you've copied my phone number above. Thank you.

When you're done with the process, you'd be redirected to your account dashboard. Here's how mine looks like:

Screenshot of my Piggyvest Account Dashboard

Redeem Piggyvest Referral Bonus

Owing to the fact that it is quite easy to setup a new account, Piggyvest would want to confirm if the new accounts created belong to real users. If the users are valid, they get their ₦1000 referral bonuses for joining Piggyvest. Note that if you cannot do these things at the moment, you could still create your account and do them later. To validate your account, you should do the following:

  1. Confirm Your Email Address - When you're done creating your account, Piggyvest sends you an email to the email address you provided. In the email is a link to confirm the address. Just click it. That's all.
  2. Link Your BVN - This is a major factor for determining a user's validity as fake users would not have BVNs.
  3. Fund Your Flex Naira Wallet - With at least ₦100. You can either use your debit card or make a bank transfer to the bank account created when your Piggyvest account is created. Piggyvest provides that for you. Yes, for free.
  4. Fund at Least 2 Wallets - With a minimum of ₦1000 each. Don't worry you'd be able to withdraw the funds back to your account if you're still not convinced. But really, why won't you be?

If you completed all those steps above, you should notice your ₦1000 in your Safelock Wallet.

I think that's all.

Congratulations on joining Piggyvest successfully.

If you want to, you could...


Once again, if you have any enquiry or complaint, you could either reach me through my mail or my phone or leave a comment below.

Happy new year.

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