Top Best Apps To Save Money In Nigeria

This is a detailed guide on the top best apps to save money in Nigeria, read to the end to know the best apps to save your hard-earned money.

Many people do not have the habit of saving, they spend as they receive and this has made them very backward and stagnated.

I know you would not want to end up like that because it is good to save for the rainy days.

However, some people have lost their hard-earned money because they were trying to save with fake financial institutions disguised as authentic.

It is important to be careful with any organization that deals with money because many people are doing many things to rob people of their hard-earned money.

It is to this effect that we write this article on the top best apps to save money in Nigeria, to help you in your saving journey. Read to the end to gain more insight.

Also read: Top 10 Best Budgeting Apps

Top Best Apps To Save Money In Nigeria

The emergence of saving apps has made many people who used to spend recklessly form the habit of saving.

However, most saving apps in Nigeria have investment platforms where you can easily invest and earn interest thereby multiplying your money.

There are many saving platforms in Nigeria but you have to verify if they are legitimate before handing over your money to them.

You have to ensure that the money-saving app you are about to use is registered and approved by most financial regulatory agencies in Nigeria like the CBN, SEC, and NSE.

However, authentic money-saving apps in Nigeria can make the process of saving safe, enjoyable, and easy. Below are the top best apps to save money in Nigeria.

Also read: Top 11 Best African Apps for Nigerians

1. PiggyVest

PiggyVest is one of the best apps to save money in Nigeria, it is the foremost online Savings and Investment platform in West Africa.

At the initial creation of piggyvest on the 7th of January 2016, it was only a savings platform. Presently, it is offering direct investment opportunities to users too.

Piggyvest has over 1,000,000 users, it is excellently helping them to manage their finances all year round.

Pigyvest investment platform is doing excellently well, it is run with simplicity and transparency and users invest billions of Naira every month that they would have spent lavishly.

If you want the ability to better manage and grow your finances, then you need to choose piggyvest as your saving platform.

Furthermore, piggyvest has many products including piggybank, Invest, Safe lock, Target savings, and Flex Naira.

Piggybank offers you rigid daily, weekly, or monthly automatic savings, and you can earn up to 10% per annum.

With invest, you can Invest securely and confidently, and earn up to 25% returns for the duration of 6-12 months.

With Safelock, you can lock your funds away for a set period of time to avoid the urge to spend, and earn up to 12.5% per annum paid upfront.

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Target Savings helps you accomplish your saving goals, individually or as a group, and you can earn up to 9% per annum.

Flex Naira helps you save for life crises, it offers free transfers and withdrawals and you can earn up to  8% per annum.

PiggyVest is a very protected online savings platform that makes saving feasible by combining discipline and flexibility to make you grow your savings.

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2. Cowrywise

Cowrywise is one of the best saving apps in Nigeria, it is licensed by the SEC and it enables you to plan, save and invest your money with no fear.

Cowrywise has powerful wealth creation tools that it uses to empower users so as to improve their financial status.

However, over 200,000 personal accounts have been created on Cowrywise, and no one has ever regretted ever saving or investing in Cowrywise.

Testimonials on the website are encouraging, you can start saving and investing in less than 5 minutes of registering your account.

However, the products offered by Cowrywise include Saving Plans, Investment plans, Mutual Fund, Stash, Embed API, Sprout, Circles, and Halal.

3. VestPay

VestPay is another one of the best apps to save money in Nigeria, It helps you save money towards your goals.

VestPay was created in 2021 and it is a legal trademark of Globetrot Farmsponsor Nig. Ltd.

With Vest Pay, you can develop a saving culture and start saving effortlessly towards your goals with 15% interest per annum.

However, the VestPay makes it possible for you to access loans and investment opportunities. It provides loans to salary earners in Nigeria with no guarantors, collateral, or complex requirements.

Apart from saving your money on the VestPay, you can also utilize the lucrative Farmsponsor Investment Platform to enjoy a return on investment of 250% spread over five (5) years.

However, VestPay pays users when they refer family and friends to sign up on the platform.

VestPay Mobile app is available on both Google Play store and Apple Store and has many features including:

  • Regular Savings
  • Savings Targets
  • Vestbanking (for Investments)
  • Credit Facility (Loan App)
  • Payments, and VestCash (Cash withdrawal & deposit)
  • VestDrive (cab hailing for inter-regional travel).

Also read: Top 20 Best Apps for Drivers

4. KoloPay

KoloPay is one of the best apps to save money in Nigeria. It helps you save gradually towards your goals.

Kolopay helps you to save for free without hidden charges, instead, you get up to 10% interest, all for free.

KoloplayPay has many features that make savings enjoyable, these features include Easysave, Koloshare, Multiple Goals, and interest.

Easysave helps you to save any amount at any time and any day you want. Koloshare enables you to invite people to contribute towards your goal i.e crowd-funding.

With Multiple Goals, you can set up savings towards many goals, for instance, you can save for Rent, School fees, business, etc.

When you save in KoloPay, you enjoy up to 10% annual interest on your savings when you lock your goals.

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Further, this saving platform is highly secured, your confidential information is encrypted and transactions are securely processed.

5. Kuda

Kuda is inarguably one of the best apps to save money in Nigeria, and it has operated in Nigeria since 2017.

The banking app is designed for people with busy lifestyles who cannot go to conventional banks to do their transactions.

Kuda bank gives its users free debit cards, and  25 free transfers to other banks every month.

Kuda bank has many features including Kuda Card, Spend, Save, Budget, and Borrow

As a Kuda account holder, you can deposit money in over 10,000 branches across Nigeria for free.

6. SumoTrust

SumoTrust is one of the best apps to save money in Nigeria. It is a trusted and secured online savings and investment platform in Nigeria that curb careless spending.

SumoTrust is inarguably the first African fintech with an effective blockchain security protocol for its users.

The saving platform offers 10-15% interest on savings and restructures the poor saving and investment culture of many people.

SumoTrust helps you to save towards your goals such as needing money to buy a property, buy a car, do some shopping, start a business, pay for rent, pay school fees, etc.

However, through automation, people can easily save on the platform and manage their finances.

SumoTrust wants to see many people thriving and successfully executing projects without much difficulty regarding finance, hence the reason the platform was created.

7. Trove

Trove is one of the best apps to save money in Nigeria. It is a reliable financial company that has partnerships with top companies both in Nigeria and abroad.

Trove does not only help you to save for the rainy days, it also provides a platform where you can invest your money for multiplication.

With Trove, you can become a global investor, and invest in American, Chinese, and Nigerian stocks, Bonds, ETFs, and more with as little as ₦1,000.

Also, Trove provides tools that would help you become a smart investor.

Trove platform is very secure, your personal information is fully encrypted and securely stored. Your personal information is guarded with 256-bit encryption and other latest security technologies.

8. Carbon

Carbon is also one of the best apps to save money in Nigeria. It is a financial institution licensed by the Central Bank of Nigeria to provide financial services through its mobile application.

Carbon is very secure, users funds are safe as they are managed by One Finance and Investments Limited which is licensed and regulated by the Central Bank of Nigeria.

Carbon ensures that your investments are protected and always available for withdrawal, anytime you desire.

Carbon has many features including Carbon accounts, Payments, Cards, Investments, Credit reports, and Loans.

You can get the  Carbon App on Google Play Store for Android or App Store for iOS.

9. Alat

ALAT is a fully digital bank built to help you save more. It helps you save effortlessly with a simple automated savings plan and earn 10% annual interest.

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With Alat, you can save alone or with friends, take a loan to buy new devices, and request Instant Loans.

Alat helps you to take the pressure off saving with its automated savings plan, it is one of the best apps to save money in Nigeria.

10. Jetseed

Jetseed is another saving app that is totally owned by Pettysave Limited, a company registered with the CAC

It is a savings and investments platform that aims to help you save and grow your money. You can automate your savings from as low as N100 and save towards specific goals.

Jetseed offers free financial tools and guides to help you on your path to financial security, and all funds deposited on the platform are invested in trusted and well-vetted private ventures where returns are guaranteed.

Jetseed is operating using a cooperative license, and it is one of the best apps to save money in Nigeria.

11. Crowdyvest

Crowdyvest is another saving app that offers you the opportunity to build your wealth consistently through savings and investment.

Crowdyvest Savings offers you adaptable savings options to enable you to reach your short-term and long-term goals faster with good interest rates.

With the Crowdyvest autosave option, you have the opportunity to automate your savings and create as many savings plans as you want.

Crowdyvest is considered the easiest and smartest way to build sustainable wealth and lifestyle, and it is one of the best apps to save money in Nigeria.

12. V Bank

V Bank is one of the best apps to save money in Nigeria. The good thing about this saving app is that you earn interest on your savings.

Also, with V Bank you can earn between N30K and N2m monthly by referring people.

The platform does not charge customers for transactions, and the fixed deposit feature offers a very competitive interest rate when you fix money.

To enjoy V Bank, you have to download the app on your phone, then sign up for a V account, save money and earn an interest rate.

13. Opay

Opay is one of the best apps to save money in Nigeria, you can start saving smartly with any of its savings products and gets up to 15% interest returns per annum.

Opay enables you to Withdraw your money at your convenience, and with its physical debit cards, you can make payments for goods, services, and international subscriptions from your OPay wallet.

Opay is a very safe platform because your data is stored and encrypted using strong cryptography, and the team scans their systems daily against security threats.

That’s all of the top best apps to save money in Nigeria, I hope you find the one that will suit your saving interest.

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