Home Business 10 Best Apps to Save Money in Dollars in Nigeria

10 Best Apps to Save Money in Dollars in Nigeria

Are you looking for effective ways to save money in Nigeria, particularly in US dollars? With the fluctuating nature of the local currency, many Nigerians are seeking reliable ways to safeguard their funds from devaluation. In this article, we will introduce you to the top 10 apps that can help you save money in dollars, ensuring your financial stability and growth.

Why Saving in Dollars Matters

Before diving into the list of apps, it’s essential to understand why saving in US dollars is crucial. The Nigerian Naira has faced various challenges, including inflation and devaluation. Saving in dollars can protect your wealth from these economic uncertainties and offer stability.

Challenges of Saving in Naira

The Naira’s value has been volatile due to economic issues, making it challenging to maintain the value of your savings. Inflation and exchange rate fluctuations are persistent concerns. As a result, many individuals are turning to foreign currency savings to safeguard their money.

10 Best Apps to Save Money in Dollars in Nigeria

1. PiggyVest

PiggyVest is a renowned financial technology platform that offers an extensive range of features to help you save and invest your money. In addition to providing a secure platform for saving in US dollars, PiggyVest also offers innovative investment opportunities, fixed deposits, and group savings. You can create specific savings goals and set automatic deductions from your bank account to fund them. With PiggyVest, you not only save in dollars but also earn interest on your savings, helping your money grow steadily over time.

Apply Now:  How to Make Money Selling Cashew Nuts in Nigeria

2. Cowrywise

Cowrywise is a user-friendly savings and investment platform that allows Nigerians to save in US dollars effortlessly. You can choose to save towards various goals, such as travel, education, or buying a home. Cowrywise also provides an avenue for investing your dollars in carefully curated investment options, ensuring that your money is working for you. The platform’s user interface makes it easy to track your progress and make informed financial decisions.

3. Alat by Wema Bank

Alat by Wema Bank is a digital banking app that empowers you to open a US dollar savings account conveniently. Beyond this, the app offers a suite of financial services, including budgeting tools, bill payments, and virtual card creation. Alat’s dollar savings account comes with competitive interest rates and the flexibility to make deposits and withdrawals as needed, making it a versatile choice for those looking to protect their wealth from Naira devaluation.

4. Kuda Bank

Kuda Bank’s mobile app is designed to provide you with complete control over your finances, including saving in US dollars. It features a user-friendly interface, offering detailed insights into your spending habits and savings progress. You can set up automated savings and round-up transactions to the nearest dollar, helping you grow your dollar savings effortlessly. Kuda Bank also provides financial advice and tips to help you achieve your financial goals.

Apply Now:  How to Deactivate My Opay Account without stress

5. Carbon

Carbon, formerly known as Paylater, is a well-established financial platform that offers both lending and savings solutions. It allows you to save and invest in US dollars with competitive interest rates. Carbon’s platform is intuitive and provides a seamless way to track your dollar savings and monitor your investments. The app also offers access to instant loans, providing financial flexibility in times of need.

6. Renmoney

Renmoney’s mobile app is a trusted avenue for saving money in foreign currency. The app provides various savings options, including fixed deposits and dollar savings accounts. These options come with attractive interest rates and the assurance that your savings are protected from Naira devaluation. Renmoney’s user-friendly interface makes it easy to manage your dollar savings and monitor your progress towards your financial goals.

7. GTWorld

GTWorld, developed by Guaranty Trust Bank (GTBank), offers a comprehensive platform for saving in US dollars. This app provides not only dollar savings accounts but also access to various financial services, including online banking, bill payments, and investment opportunities. GTWorld’s mobile app is known for its robust security features, ensuring the safety of your dollar savings.

8. Standard Chartered Mobile

Standard Chartered Mobile app is designed to cater to the financial needs of individuals looking to save and invest in US dollars. It offers user-friendly tools to help you set up a dollar savings account, manage your savings, and explore investment options. With the backing of a reputable international bank, you can be confident in the security and reliability of your dollar savings with Standard Chartered.

Apply Now:  Top 10 Entrepreneurial Skills to learn in Nigeria

9. Zenith Bank Mobile App

Zenith Bank’s mobile app provides a seamless way to open and manage a dollar savings account. This app allows you to monitor your dollar savings and make transactions conveniently. With Zenith Bank, you can rely on the stability and security of a well-established financial institution for your dollar savings needs.

10. Access Bank Mobile App

Access Bank’s mobile app offers an intuitive platform for saving in US dollars. It provides a range of features that make dollar savings accessible and convenient. Access Bank’s app allows you to set savings goals, make regular contributions, and track your progress. It is a user-friendly tool for anyone seeking to protect their savings from Naira devaluation.


Saving money in US dollars is a smart financial move in Nigeria’s current economic climate. The stability and security offered by foreign currency savings can help protect your wealth from devaluation and inflation. The 10 apps mentioned in this article provide excellent opportunities to start or continue your journey towards financial security and prosperity.

Get started with one or more of these apps, and take a step towards securing your financial future. Start saving in US dollars today!

Leave a Reply