Best Money Saving Apps for Nigerians
Money management is a life skill that can save you from lots of embarrassment both as a youth and as an older person and this is why you need to learn how to save your money for rainy days because you never can tell when that emergency will come. So, if you are looking for an effective way to save money, or to start saving money, these Best Money Saving Apps for Nigerians may come in handy.
List of Best Money-Saving Apps for Nigerians
- PiggyVest
- CowryWise
- Alat by Wama
- Opay Fixed
- Palmpay Savings
- Carbon
- SumoTrust
- Kuda
PiggyVest Savings
PiggyVest is one of the leading money-saving apps trusted by thousands of Nigerians for their daily saving needs. Piggy as it is popularly called offers users the opportunity to save their money for some time and earn interest on a daily or monthly basis while doing so.
Piggywest has multiple saving plans for different categories of people so you can pick what is best for you plus you still have a good chance of earning interest no matter the plan you choose. Some of the available saving plans and interest rates include;
- Flex Naira – 8% per annum
- Piggybank – 10% per annum
- Safelock – 13% per annum
- Targets – 9% per annum
- Flex Dollar – 7% per annum
You can pick from any of these saving plans that meet your needs and try your best to stick to the plan you choose.
CowryWise Money-Saving App
Although not as popular as Piggyvest, CowryWise is also a good money-saving app used by many Nigerians to save their money daily. The app also has similar features as Piggy and offers both flexible saving plans and interest on money saved on their platform. On Cowry, you can start your journey with as little as N100 and earn up to 15% interest rate per annum.
Opay Savings
Opay is a very popular name in the mobile money industry in Nigeria but not everyone knows about the Opay savings feature on their app that allows you to both save and earn interest. Opay offers a range of options to choose from including;
- Owealth – 15% per annum
- Fixed – 18% per annum
- Safebox – 15% per annum
- Targets – 15% per annum
- Spend & Save – 15% per annum
You can access this feature by clicking on more on the Opay app and then scrolling down to finance.
Sumo Trust Savings App
SunTrust is one of the digital savings and investment platforms in Nigeria registered with CAC. Although the name may not sound so familiar to you, they offer a lot of services including the ability to save and earn interest so you can download their app on Play Store and play around to see a list of features that may be useful to you.
How to Meet Your Money-Saving Goal
While it is important to have Money Saving Apps, it is also important to have a saving goal and plan. This is because if you don’t set a target and follow it as strictly as possible, you may not be able to save. This is why is best to use the automation feature on any of the apps to make sure your account is debited on a set day to credit your savings plan.
All other apps mentioned here have similar features to those we have fully described hence, we didn’t bother writing more details about them but that does not make them any less than others.
