PiggyVest review

The headline rate is 12% on the flexible savings pot, and the rate is variable, so it moves with the market rather than being locked in for a term. That sits above the 3% median across the savings listings here, which is the main draw.

The minimum to start is NGN 5,000. Once the account is open, savings can be added over time instead of committing the balance at the outset, and the account is an easy access product, so the money stays reachable while it earns.

The monthly account fee is NGN 0, and the account runs on a no monthly fee model, so nothing is taken out of the balance each month. Withdrawals are free to a Nigerian bank account or a PocketApp account, though how many can go out is capped.

The operator named in its terms is Piggytech Global Limited, based in Nigeria, and it is registered with the Securities and Exchange Commission of Nigeria under RC No. 1760152. Savers are dealing with a locally registered firm rather than an offshore provider.

The account is an easy access pot, so withdrawals can be made to a Nigerian bank account or a PocketApp account as needed. There is a monthly cap on how many go out, a separate cap for PocketApp, and a wait between withdrawals; pass the cap and the interest earned so far is lost.

On headline rate it ranks 32 of 488 brands listed here, yet the 12% it pays sits far above the 3% median, because the listings mix products from different markets. That gap is what pulls the offer score up.

Support runs on email, phone and help centre, so a saver can reach the team by email or phone, or work through the help centre. Because Piggytech Global Limited is the named operator in the terms, questions about the account itself go to the same team.

It suits a saver who wants 12% paid on a pot they can still reach, and the no monthly fee model keeps the NGN 0 charge from eating into the balance. It suits anyone content to top up over time rather than empty the account in a few withdrawals, given the monthly cap.