piggy vest app

How to make money with Piggy vest in Nigeria (2023 update!)

What is Piggy Vest?

Table of Contents

Piggy Vest was formerly called “piggybank. ng” is an online platform and app that helps you save and invest your money easily.

If you are a small business owner or individual you can make more money with Piggy Vest and manage your funds and earn decent interest on your savings & investment.

make money with Piggy vest

As a business owner or individual using PiggyVest, you can control excessive spending by locking away funds that you do not want to touch for a particular period of time using SAFE LOCK.

Piggy vest helps you take away the stress combining simplicity, discipline, convenience, and flexibility to enable you to manage your finances better and achieve financial freedom.

How can you make money with Piggy Vest in Nigeria?

there are 3 main ways to make money with Piggy Vest in Nigeria

  1. SAVINGS- Earn up to 13% annual Interest from saving annually
  2. INVESTMENT- Earn up to 25% Returns on Investments annually
  3. BONUS-Referral programs – click here now to sign up for free and get 1000 credited to your account Instantly! P.s. when you complete the app setup

1. Savings With Piggyvest Products.

Piggy Vest has a variety of products for savings, that can earn you up to 15% returns on your savings annually. They include Piggybank, Safelock, Targets, Flex Naira, and Flex Dollar.

1. Piggybank

This is the main savings aspect of Piggy Vest. Here, you can save any amount of money at any point in time from your bank account.

There is also an Autosave feature that automatically withdraws from your account daily, weekly, or monthly depending on how frequently you want to save. Interest of 10% is paid per annum on this feature.

2. Safe lock

This feature allows you to set money aside for a fixed period of time. You are denied access to these funds until maturity. If you decide to lock a particular amount of money, the funds are locked until the time you choose.

This feature of Piggy Vest is particularly useful if you need to save money for future purposes. For instance, (House rent or a car). With Safelock you get an interest of 6%-15% per annum paid upfront!

3. Targets

Targets help you save towards particular goals like house rent, school fees, etc. It also encourages group savings where each member has a payment frequency daily, and each group has how much they expect to have at the date of maturity.

This feature is beneficial as it helps people with similar interests save towards a common goal. The interest rate is 10% per annum.

4. Flex Naira

Flex Naira is a flexible savings wallet where interests earned on all other PiggyVest features are deposited. As a user, you can fund your Piggybank, Target, Safelock, Flex Dollar, or Investify using funds in your Flex.

The rule here is that you can only withdraw once every ten hours, with a maximum of four withdrawals. Once you exceed this maximum, all accrued interest on Flex savings will be lost. The interest rate on this feature is 10% per annum.

5. Flex Dollar

Flex Dollar allows you to save, invest, as well as transfer your funds in dollars. The market behaviours determine the interest rates here. 

2. Investments on Piggy Vest “Investify” platform.

Piggy vest investify

The second way to make money with Piggyvest in Nigeria is by investing in their wide array of products with Investify by Piggy vest

“Investify” allows users to invest in low to medium risk investment opportunities that have been vetted. With Investify you can invest in Real estate, Agriculture, transportation and more.

The cool thing about Investify in Piggyvest is that every investment opportunity on this platform is fully insured and the Interest rates can be more than 25% per annum.

3. Referral programs.

Finally, another way you can make money with Piggy vest is through their referral programs or affiliate program, you automatically get credited with N1000 for every person that signs up using your link, your unique referral link can be found in the profile section of your account.

By sharing this link to your contact on social media you can earn passive income on every single one of your contact.

piggy vest

How to Activate your N1000 Referral Bonus On PiggyVest


We are not staff of PiggyVest nor do we have any affiliations with PiggyVest Management. We are simply a user who has saved and invested with the platform for almost 2years.

Piggy vest rewards you with a ₦1000 bonus when you join or register with them.

Even more interesting is that PiggyVest also pays you a ₦1000 bonus for each referral or friend you invite to join Piggyvest savings platform through your link

If you have not started saving / Investing with PiggyVest yet, Click here to Started

But the challenge a lot of users face after receiving the referral bonus is activating it so that they can withdraw it.

In other to prevent fraudulent users who create multiple accounts, referring themselves to get excess referrals & registration bonuses, piggy vest makes sure it’s “a valid user”.

Thus referral bonuses are only paid for “valid users”.

Who is a valid User? on PiggyVest.

Based on the article in PiggyVest FAQ:
To be considered valid, a new user must:

  • Link their BVN and fund their Flex Naira wallet with at least ₦100 via a direct bank transfer to their flex account number(your Providus bank)
  • Fund any other two wallets with at least ₦1000

After you have saved into your Piggy Flex account, you need to also save at least ₦1000 each into any other two accounts(PiggyBank, Safelock, or Target Savings).

Click on quick save on your PiggyBank account and save at least ₦1000.

Also, click on Safelock or target savings and Save ₦1000 there too.

Note: all the money you are putting there are still your own and you can still withdraw them anytime.

Piggy vest in Nigeria

In reality, you are not paying for anything, but they want to ensure that you are a valid user, not a dummy user, scam or robot user.

Once you have successfully completed these simple steps, your ₦1000 registration bonus will be moved to your Safelock where it will stay for 10days to mature, after which it is automatically transferred to your flex account from where you can easily withdraw it to your bank account.

Also, the ₦1000 referral bonus in the “safe lock” of the person who referred you is automatically transferred to their own flex account.

If you are the one that referred someone through your referral link, do well to share this article with them, to help guide them through this process so that your ₦1000 referral bonus will be credited to you.

I hope I have been able to answer the question: How to activate ₦1000 registration bonus on PiggyVest.

kindly use the comment section if you have any questions

Once all of these have been done, referral bonuses will be unlocked and sent to your flex account at the maturity date.

In other words, If someone signs up through your link, the person must meet the following criteria before the #1000 bonus will be released to you and also to the person.

mak money with piggyvest
PiggyVest dashboard

Why do I have to add my BVN, is it safe?

Your BVN is required to validate your identity and kick against identity theft. This ensures another level of safety for your funds and transactions.

It also unlocks other features like transfers from your Flex to another user’s Flex account.

Thus your BVN is safe and is only used to validate your account settings and also help in creating a virtual bank account for you called Piggy Flex Account that you can always use to receive and transfer money.

After you have added your BVN and validated your account, an account number is generated for your Piggy Flex Account.

You are expected to make a transfer of at least #100 from your bank account to that new account. Once the transfer is successful, it will automatically reflect in your flex naira account.

Before you ask how does PiggyVest get all the money to “dash” someone just for registering or for inviting someone.

One of the beliefs of PiggyVest Team is that peer-to-peer advertising works better thus they prefer users of the platform telling their friends and families about the platform from their own experiences using the platform than they spend huge amounts of money on advertising and marketing. Thus they are rewarding you for being their indirect marketers.

According to PiggyVest FAQ:

When someone signs up to PiggyVest with your referral link, you and your referral earn N1000, which is paid into your SafeLock account

As a new user, your bonus will be paid into your SafeLock and matures to your flex account 10 days after you have been marked valid.

piggy vest


Piggyvest has revolutionized the way Nigerians save and Invest being the first digital savings app in Nigeria.

Since its launch in 2016 it has become a force to reckon with in the Nigerian fintech industry, by offering numerous ways for people to save, invest and earn money safely without fear and almost guaranteed ROI.

Piggyvest is offering one of the best interest rates you can find in the market, however, that is not to say they do not have competitions.

There are other awesome apps for saving and investing in Nigeria like Cowrywise, V by VFD, Rise vest, Bamboo, Chaka and Trove etc.

Which other Nigerian investment App do know or use? please share with us in the comment section below.

piggy vest
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