Saving money in Nigeria is no longer just about putting cash aside in a piggy bank or relying on bank savings with low interest. In 2025, tech-savvy Nigerians are using mobile savings apps to save daily, weekly, or monthly—and they’re earning up to 20% returns per annum.
Whether you're a student, business owner, or salary earner, the right savings app can:
- Automate your savings
- Give real interest on your funds
- Lock funds to avoid impulse spending
- Help you save in Naira or Dollars
In this guide, you’ll discover the 10 best-rated digital savings apps in Nigeria that make saving easy and rewarding—no matter your income level.
Comparison Table: Best Savings Apps in Nigeria (2025 Edition)
|
Savings App |
Best For |
Interest Rate (Yearly) |
Minimum Deposit |
Withdrawal Type |
Regulation |
|
PiggyVest |
Goal-based savings |
Up to 13% |
₦100 |
Locked & Flexible |
SEC |
|
Cowrywise |
Mutual funds & halal plans |
Up to 15% |
₦100 |
Scheduled |
SEC |
|
Kuda Bank |
Daily savings automation |
Up to 10% |
₦100 |
Instant |
CBN |
|
Branch App |
High-interest savings |
Up to 20% |
₦500 |
Instant |
CBN |
|
ALAT by Wema |
Bank-backed saving plans |
Up to 8% |
₦500 |
Instant |
CBN |
|
VBank |
Group and target savings |
Up to 10% |
₦1,000 |
Instant |
CBN |
|
FairMoney |
Saving + instant loans |
Up to 12% |
₦500 |
Instant |
CBN |
|
Risevest |
Dollar savings/investing |
Up to 15% (USD-based) |
$10 (~₦15k) |
Periodic |
SEC |
|
Savelyst |
Beginners on small budget |
Up to 12% |
₦500 |
Flexible |
Private |
|
Piggylite |
Simple saving goals |
Up to 10% |
₦100 |
Free days only |
SEC |
1. PiggyVest – Nigeria’s Favorite for Scheduled Savings
PiggyVest is trusted by millions. With features like SafeLock and Target Savings, you can set daily, weekly, or monthly deductions.
- Interest: Up to 13% annually
- Save in Naira or USD
- Best For: Structured savings and goal planning
2. Cowrywise – Ideal for Daily Auto-Savers and Investors
Cowrywise is perfect for automatic savings and investing in mutual funds. You can save as little as ₦100 per day and earn decent returns.
- Interest: Up to 15%
- Plans: Daily, weekly, monthly
- Best For: Beginners & conservative investors
3. Kuda Bank – Spend, Save & Budget in One App
Kuda is a digital bank that helps users save without stress. With “Spend+Save,” you save a percentage of every transaction.
- Interest: Up to 10%
- Withdrawal: Instant
- Best For: Daily savers & Kuda account users
4. Branch App – High-Yield Savings with Loans
Branch offers one of the highest interest rates for savers in Nigeria. The app also gives you quick access to loans if needed.
- Interest: Up to 20%
- Save: Weekly, monthly or fixed
- Best For: People saving for short-term profits
5. ALAT by Wema – Bank-Backed with Great UX
ALAT is Nigeria’s first fully digital bank. It supports automated savings and fixed-term deposits with interest.
- Interest: Up to 8%
- Plans: Daily, Weekly, Monthly
- Best For: People who prefer banking brands
6. VBank – Group and Target Savings
VBank offers personal and group saving plans. It's ideal for family or cooperative-style savings where multiple users can contribute.
- Interest: Up to 10%
- Plans: Shared goals
- Best For: Joint savers and business partners
7. FairMoney – Loans + Smart Savings
FairMoney is known for instant personal loans, but it also offers savings plans that give you returns while boosting your credit score.
- Interest: Up to 12%
- Duration: Daily, 7-day, 30-day plans
- Best For: People saving with emergencies in mind
8. Risevest – Save in Dollars, Beat Inflation
Risevest allows you to save in USD and invest in global stocks and real estate. Ideal for those looking to protect their money from naira devaluation.
- Interest: Up to 15% (USD returns)
- Plans: Quarterly withdrawal
- Best For: Long-term and dollar savings
9. Savelyst – Friendly App for Beginners
Savelyst helps you build the habit of saving daily, weekly, or monthly—even if you’re starting with just ₦500.
- Interest: Up to 12%
- Interface: Beginner-friendly
- Best For: First-time savers
10. Piggylite – Simple and Clean Savings Alternative
Piggylite is like PiggyVest Lite, made for users who just want a simple way to put money aside and access it on set days.
- Interest: Up to 10%
- Withdrawal: Only on free days
- Best For: People avoiding impulse spending
Tips to Make the Most of Savings Apps
- Set Savings Goals – Name your targets (e.g., rent, emergency fund) to stay motivated.
- Use AutoSave – Automate deposits daily, weekly, or monthly.
- Lock Funds – Use features like SafeLock to prevent unnecessary withdrawals.
- Diversify Apps – Use one for daily, another for investment, and one for emergency cash.
- Start Small – Even ₦100 daily adds up to ₦3,000+ a month.
FAQs – Savings Apps in Nigeria 2025
Q1: Are these savings apps safe?
Yes. Most listed apps are licensed by CBN or SEC, ensuring your funds are secure.
Q2: Can I withdraw my money anytime?
Some apps like Kuda, Branch, and FairMoney allow instant withdrawals. Others like PiggyVest or Risevest have fixed or limited withdrawal dates for better interest.
Q3: Which app has the highest interest rate?
Branch offers up to 20%, currently the highest among trusted Nigerian apps.
Q4: What’s the least I can save?
You can start from as low as ₦100 daily on apps like PiggyVest or Cowrywise.
Q5: Can I use more than one app?
Absolutely. Many users combine 2–3 apps for different savings goals and timeframes.
Conclusion: Start Saving Smarter Today
Gone are the days when saving meant little or no returns. In 2025, Nigerians have access to apps that make saving daily, weekly, or monthly easier and more profitable.
PiggyVest, Cowrywise, and Branch lead the way, but every app on this list serves a purpose depending on your income and saving goals.
Don’t wait till your next paycheck—start small today, automate it, and let your money grow.
