We are in a digital era where money and other things can be kept digitally. Unlike the olden days when many people save money in their houses. Aside from that, there are many advantages of saving your money in money-saving apps.
However, choosing the best apps to save money in Nigeria may be difficult at times. Not because they are not available, but because not all are legit.
Well, if you have been looking for a good money app, but have not found one, relax. In this post, we are going to give you a list of the 7 best money-saving apps that give interest for saving on the apps.
7 best Apps to save Money in Nigeria
If you have been looking for a list of the best money saving apps in Nigeria, below you can find 7 of them;
- Piggyvest
Piggyvest is undoubtedly one of the best apps to save money in Nigeria with over 3 million happy customers. The app was launched in 2016 to make saving and investing easy and seamless.
However, the app has different saving packages which are daily, monthly, and yearly, and good interest rates ranging from 8% to 13%. One thing I love about piggyvest is that you can save as low as N1000 and earn interest for it. However, the higher you save on the app, the higher the interest.
- Kuda Bank
One of the digital banks I love most is Kuda Bank, because of their awesome service. The app is basically for banking, yet it has a saving feature that allows users to save a percentage of their spending, fixed saving, and flat saving.
Kuda interest starts from 10% to 15% depending on the investment package you choose. If you are looking for an online banking app that will allow you to save money in Nigeria, kuda is here for you. - Cowrywise
You might have heard of cowrywise. It is one of the most popular saving apps in Nigeria with over 2 million users. This app was launched in 2017 by Razaq Ahmed. The app gained the trust of thousands of customers the same year it was, and now has millions of happy users.
Cowrywise offer different saving packages with awesome interest. Although, cowryrise interest is calculated base on the saving duration and the amount saved.
ALSO READ: 10 Best Cash App Alternatives in Nigeria - KoloPay
KoloPay is a Nigerian-based fintech startup that allows users to send and receive money using their mobile phones. The service is available to all Nigerian banks and works with any type of phone.
KoloPay was founded in 2016 by two entrepreneurs, Adewale Yusuf and Abiola Oladeji. The company has since grown to become one of the leading fintech startups in Nigeria with over 200,000 users.
Just as the name suggests, KoloPay allows users to send money to anyone in Nigeria regardless of whether they have a bank account or not. However, the platform is not just about sending and receiving money, it also allows users to save as well. - ALAT by Wema
Alat is a digital brand of Wema bank that allows users to send and receive money without any fees. One of the interesting parts about this app is its amazing features which include creating a Domiciliary account, free virtual Naira, dollar cards, saving, and many others.
However, saving in this app is quite different from many saving apps. On Alat, you can save individually or in groups, and the app gives an interest of 8.75 on savings.
- Carbon
Carbon is one the best loan apps and at the same time one of the best apps to save money in Nigeria. This platform was founded by Chijioke Dozie in 2012.
There are many great features you can enjoy on carbon, and one of them is the saving feature. The app allows you to invest and promise up to 15.5% returns on your investments with Carbon. If you are interested in saving and loaning as well, carbon will help achieve both. - Opay
When talking about fintech apps with a variety of features, opay is number one. Opay is well-known as a sending and receiving money platform. However, the platform is more than that, and among the unpopular features is the Saving feature.
Opay saving feature allows you to invest and save for certain periods, it may be weekly, monthly or yearly. And the interest will be based on saving package and the duration.
Conclusion
Money-saving apps are great ways to save money with ease and they always come with great advantages which include, easy accessibility, high security, and effortlessness.
However, one needs to be very careful when choosing an app to invest in. There are a lot of fake money-saving apps out there that will end up running away with your money.
Finally, you will never regret saving on any of the above-mentioned apps, they are all tasted and trusted.
