Best 7 Investment Apps for Nigerians to Invest
There are some top investment app choices that are risk-free and secure and offer high-interest rates if you’d like to save and increase your money in Nigeria. The purpose of money-saving applications is to encourage you to save money while tapping into investing programs to help you create wealth for yourself in the future.
These apps can help you reach your financial goals, whether or not they are temporary or long-term. No of your income or financial standing, you’ll find an investment strategy that can fit you thanks to savings apps. So, we suggest you make the most of this free instructive article and save aside money for rainy days. Here are some of the finest money-saving apps in Nigeria.
1. Piggyvest
The first electronic investment app in West Africa, Piggyvest is the most popular money-saving app in Nigeria. It was unveiled as “Piggybank. ng” established January 7, 2016, as a digital platform for transactions limited to investors. Along with helping consumers save money and increase their savings, it also offers investing options. For a high return on investment, you may invest an amount of the money you earn while simultaneously saving some of it. The Piggyvest app has been downloaded by over 4 million users in Nigeria via the Play Store on Google.
Piggyvest, a money-saving app is the way to increase your savings
- Automatic saving
Either manually or through automated saves, you can safely expand your savings. Systematic everyday, every week, or every month savings are possible. Your usage of it is hence flexible. Additionally, you can change the setting to suit your savings goal. Moreover, Piggyvest’s automated savings plan allows you to accumulate up to 10% interest annually.
- Guaranteed saving
When you have extra money that you don’t want to spend or don’t plan to use anytime soon, choose this option. Fixed savings provide you the option to temporarily lock your money away to prevent spending. Your money can be locked for ten days up to 1 000 days.
2. Cowrywise
Another excellent software for saving and developing your finances in Nigeria is Cowrywise. There are no charges or penalties once you start using it; it was created in 2017 to serve the financial needs of Nigerians. This money-saving tool can help you automate your accounts and save money for your goals. You also have the opportunity to make financial investments and save money.
With only one account, which guarantees a mouthwatering return on investment on your money, you can save money in numerous ways. The Cowrywise app has now been downloaded more than 500,000 times from Google Play.
The benefits of using Cowrywise :
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Consistent saving
With the help of this savings method, you can generate a substantial return while maintaining a minimum three-month savings period.
- Goals in life
With this savings method, you can save money aside for a long-term goal over a minimum of a year. You will also receive a fantastic rate of return on your investment.
- Halal benefits
This approach is ideal for Muslims who don’t wish to get interest on their savings. It uses no automation, has no riba, and levies no interest.
These are a few investment app choices in Nigeria from which you can select. Considering your options thoroughly before investing is necessary to prevent future financial loss.
