The evolution of digital saving platforms and app in Nigeria has helped increase the rate at which people save.

But before now, it was not so.

According to the global economy, 33.87% of Nigerians save, that’s about 68 million Nigerians out of over 200 million people.

One of the most common reasons for this was because people don’t have a reason to save. There is no target like buy a house, pay school fees and more.

But in these online savings platforms, they give you reason to save more.

Another reason is the process involved with savings (fixed deposit) in the bank.

But now, it is too easy to save.

Here are the best online saving app and platforms in Nigeria.


PiggyVest is the best known online saving app and platform in Nigeria.

It currently assists over 3 million consumers in reaching their financial objectives by making it simple for them to save and invest.

Since its launch in 2016, Piggyvest has remained committed to providing top-notch customer support and assisting users in managing their finances in an easy and open manner.

Piggyvest, an app with over a million downloads on the Google Play Store, offers a variety of savings plans that you can customize to your needs.

According to the company, you earn an interest of 8% per annum on funds in your flex account, but this is subject to a minimum of 4 withdrawals in a month.


They introduced Cowrywise in 2017. It offers savings with monthly, fixed, and onetime interest rates.

You can create your investing and savings portfolios with this software, and manage your money.

The user-friendly interface and “Savings Challenge’’ of Cowrywise are notable features you will love.

This challenge encourages you to implement strict savings plans that will help you amass emergency funds at the end of the specified period.

On calculations, the company promised a range of 5.5% to 8.5% per year.


Another FinTech company in Nigeria that allows customers to save and earn chief interest on their money is V Bank, operated by VFD Microfinance Bank.

Using just your smartphone, you can open a V bank account in just two minutes.

You are in control of your finances. Everything happens on your phone and there are no complicated fees or paperwork.

Users of the V app can keep track of their spending and income, create group budgets, and establish spending caps.

According to the bank, you get up to 14% interest on your fixed deposit with them.


A mobile software called KoloPay can help you save a lot more money than you might have anticipated.

You can choose to automate your savings by schedule using the EasySave and Autosave options—daily, weekly, or monthly.

The app makes it simple for you to save money for your goals through these plans.

You can ask people to contribute to your saving goal by using the Koloshare feature.

Kolopay offers an interest rate of up to 10%, allowing you to have multiple accounts with the Koloshare feature to invite others.


The Central Bank of Nigeria has granted Kuda, a free, exclusively digital bank, a license for microfinance banking.

Kuda has tools for tracking your spending patterns, increasing your savings, and making wise financial decisions.

You can select whether you want to save daily, weekly, or monthly using the app. The flexible savings plan guarantees your regular savings.

With over 5 million downloads in the Google Play Store, Kuda is luring new users with its cost-free banking options.

It also offers a high interest rate of up to 10% per annum.


This online saving app is the innovative creation of WEMA Bank Nigeria.

This implies that you do not need to visit a physical branch; instead, you may conduct all of your transactions using your electronic devices from the convenience of your home.

ALAT enables you to select a savings goal, choose how much to save, and how long to save it for. You have the option of automating your savings or saving at your own speed.

The Group Savings option also lets you decide whether to save by yourself or with others.

The bank offers an interest of 8.5% per annum on your savings.


Nigerians’ substandard saving and investing habits are being changed by SumoTrust, an automated saving and investment platform.

You may quickly and automatically set money aside with the help of the saving app, which also provides investment options.

The app gives its users the freedom to choose between three different saving options:

  • Main Savings, which allows users to save on a daily, weekly, or even monthly basis;
  • Fixed Savings, which locks away your savings for a year; and
  • Mission Savings, which is designed for users with projects that must be finished by a certain deadline.

According to the company, you automatically choose to save either on daily, weekly or monthly intervals and earn 10% interest per annum.


Mintyn is one of the finest saving platforms in Nigeria to trust, save, and invest your money.

They have continued to make sure that their clients are happy with the bank.

Also, every consumer should be on the lookout for low or no fees while doing financial activities.

Despite only being well known a few years ago, the Mintyn Digital Banking App is currently considered being the finest saving app in Nigeria. With the Mint saving software, you can decide how your money will proceed.

According to the company, all you have to do is activate the round-up savings on the Mint App and earn as much as 15% on your savings.


Savings on Opay, also known as Owealth, is a novel method to make money, particularly for those of us who don’t desire the rigors and difficulties of intricate economics.

It’s easy, secure, and validated.

According to the company, enjoy up to 18% annual interest when you save with OPay without paying withdrawal charges.


It’s a type of savings where a group of people comes together, 8,10,12,5 any amount come together and contributes a certain amount of money.

Afterwards, they cumulatively give to a person and at the end of the month and everyone contributes again.

This is very common among people these days and there is barely anyone in Lagos or Nigeria or even the world that doesn’t have an understanding of this system.

Read more about AJO vs ESUS savings in Nigeria.

Which of these online savings platforms or app are you using? Share in our comment on social media.


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