If you want to save and grow your money in Nigeria with a reliable savings platform, read on, as this article will provide you with the best money-saving apps that are safe and secure with high-interest returns.

The essence of money-saving apps is to help you cultivate a savings culture and, at the same time, tap into investment plans which is to help you build future wealth for yourself.

With these apps, you can reach your financial goals, whether short-term or long-term goals. The good thing about savings apps is that there is always a savings plan to accommodate everyone, regardless of your earnings or financial strength. 

So we advise you to take advantage of this free insightful article and save your way out of rainy days. Here are the best money-saving apps in Nigeria.

1. Piggyvest

Piggyvest is the number one money-saving app in Nigeria and the first online savings and investment app in West Africa. It was launched as “Piggybank.ng” on the 7th of January 2016 as a savings-only platform. 

Apart from helping people save and grow their funds, it also offers investment opportunities. So, you can save money and simultaneously invest some part of the number for a massive return on investment.

The Piggyvest app has over 1 million downloads on Google Play Store and over 4 million users in Nigeria.

4 ways to build your savings in the Piggyvest money-saving app:

1. Automated savings

With automated savings, you can securely build your savings manually or automatically. It allows automatic daily, weekly, or monthly savings. So it’s flexible for you to use. And you can change the setting to suit your savings goal.

Also, you can earn up to 10% interest per annum by saving your money with Piggyvest’s automated savings plan

2. Fixed savings

This option is for you if you have any money you are not planning to use soon or do not want to spend. Fixed savings allows you to lock your fund for a period to avoid spending it. You can lock your savings for as low as 10 days to 1000 days. 

By choosing this option, you can earn up to 12% of your annual savings, paid upfront.

3. Goal-oriented Savings

If you have a financial goal, you can choose this saving plan as it helps you save towards a particular goal or multiple goals. The good thing about this plan is that you can save individually or as a group. 

The interest rate on goal-oriented savings is 9% per annum. So it is an excellent gift you get for saving your money.

4. Flexible savings

Flexible saving prepares you for life emergencies. You can organize, separate, give names and categorize your emergency funds using labels in Flex Naira. It also gives you an annual 8% interest on your savings.

Interestingly, you can start saving and growing your money with Piggyvest for free, with no deposit and no monthly fees, and enjoy bank-level maximum security.

Also Read: 9 Simple Ways To Save Money Every Month In Nigeria

2.  Cowrywise

Another excellent app to save and grow your money in Nigeria is Cowrywise. It has no penalty and no fees, and to get started is free and was launched in 2017 to meet the financial needs of Nigerians. 

This money-saving app will also help you to automate your funds and save towards your goals. In addition, it offers you an opportunity to save and invest your money.

You can save in many ways with just one account, which promises a mouth-watering interest rate on your money. Cowrywise app has over 500,000 downloads on the Play store.

4 different ways to save your money with Cowrywise

1. Regular savings

This savings plan allows you to save money for a minimum of 3 months with a juicy return.

2. Life goals

With this savings plan, you can save a minimum of one year towards a long-term goal. In addition, you will also get a great interest rate on your money.

3. Halal savings

This plan is excellent if you are a Muslim who does not want interest in their money. It is free from automation, has no riba, and has no interest rate.

4. Savings circle

If you do not want to go alone in your saving journey, then you can choose this plan as it allows you to save with others. It, of course, comes with a reasonable interest rate.

3. Kuda bank

The Kuda bank app helps you save and manage your money to avoid unnecessary spending and prepare you for rainy financial days. It is a money app for Africans that allows you to save, invest and make transfers at no charge.

It has over 5 million app downloads on the Google play store.

3 ways to save your money using Kuda bank

1. Save and spend

It is a savings plan that allows you to save money automatically each time you spend it from your Kuda account. You can also set a percentage of your money to save each time you spend, and you can always withdraw your money anytime.

2. Flexible savings

A flexible savings plan helps you to build the culture of saving money for long-term goals through daily, weekly, and monthly savings with an annum interest. 

But then, if you withdraw above 20% of the money you have set aside as your saving goals, you will lose all the interest your account has accumulated over a period. So, it is advisable to only withdraw within target-goal savings. 

3. Fixed savings

If you have a massive amount of money you plan to use later, this fixed savings plan will be a good fit for you. With this plan, you can get up to 15% interest on your saved money. 

To get all your interest, you are not allowed to withdraw before your money’s maturity date; otherwise, you will lose all the accrued interest, and your savings plan will be deleted. 

Upon withdrawal or payout on every matured savings plan, Kuda bank will take 10% of your accrued interest as a withholding tax for the government.

4. SumoTrust

If you are struggling with money savings, SumoTrust is here to help you cultivate the habit of savings and investment to help you save for your short and long-term financial goals through their various savings plans.

Money-saving apps like SumoTrust are transparent in their operation and help you reach your target faster than you imagine.

3 types of savings plans with SumoTrust

1. Fixed savings

The fixed savings plan allows you to lock away your money for a long time, up to one year. You can get up to 15% interest return on this plan. And you safely deposit any amount of your choice. 

2. Main savings

With this plan, you can make daily, weekly, and automatic monthly savings and earn up to 10% interest return per annum. But then you can only withdraw on the date you have set aside. So, you must use something other than this plan as an emergency rescue.

3. Mission savings

You can use a mission savings plan to save money for a project or other reasons. All you need to do is set a savings target and start to save until you reach the target.

5. Digikolo

Digikolo is a new saving app in Nigeria that you can use to save and grow your money. It is unpopular, but it is safe and secure. With Digikolo, you can get up to 13.5% interest returns on your saved money annually. Digikolo has about 5 thousand app downloads on the Play store

3 ways to save your money with Digikolo

1. Digitarget

If you are thinking of reaching a savings target, Digitarget is a good option for you as it allows you to set a savings target and withdraw once you reach it. In addition, you will earn 10% interest when you use this savings plan. 

2. Digikolo

Digikolo savings plan is automated and flexible. And you can earn some digicoins when you refer a friend with a 10% interest return.

3. Digilock:

As the name implies, digilock plan allows you to lock your money for some duration and get 13.5 % interest upon withdrawal on the set date.


Remember that while you are planning to start saving your money, you need to develop the habit of spending less because spending less is the only way to save and grow your money using money-saving apps. 

In other words, savings come first before spending— you don’t save what you have left after spending, but instead, you save, then spend what you have left after savings. There are many money-saving apps, but the above are the best ones to save money in Nigeria.

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