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Ikiodiete George
- 5 Min Read
Top 10 Best-Rated Savings Apps In Nigeria To Grow Your Money (2025)
Why Are More Nigerians Using Savings Apps in 2025?
With inflation affecting the naira, savings apps have become the smarter, easier way to build wealth. These apps allow you to automate savings, earn interest, and avoid unnecessary spending.
Here’s a quick overview of why they’re popular:
| Reason | What It Means for You |
| Automated Savings | No need to remember—your money is saved automatically |
| Higher Interest Rates | Up to 15% annually, compared to 3-4% in traditional banks |
| Goal Setting Features | Create savings plans for rent, school fees, travel, etc. |
| Dollar Savings | Save in USD and hedge against the falling naira |
| Investment Opportunities | Some apps let you invest while saving |
Top 10 Best-Rated Savings Apps in Nigeria (2025)
| Rank | App Name | Best For | Annual Interest | Available Features |
| 1 | PiggyVest | Local savings with lock & goals | Up to 13% | SafeLock, Target Saving, Investify |
| 2 | Cowrywise | Automated saving and investments | Up to 15% | Mutual funds, Halal investments, Dollar savings |
| 3 | Kuda Bank | Digital banking + flexible saving | 8–10% | Save Vault, Free transfers, Budget tools |
| 4 | V by VFD | Group savings and collaboration | Up to 14% | Savings circles, Target plans, Group goals |
| 5 | ALAT | Digital lifestyle + banking | Up to 10% | Multiple goal creation, Virtual dollar card |
| 6 | Risevest | Dollar savings & U.S. investments | 10–15% (USD) | U.S. real estate, ETFs, Stocks |
| 7 | Bamboo | Saving via international stocks | Market-based | Apple, Tesla, Amazon stocks, Dollar wallet |
| 8 | Sumo Trust | Traditional ajo with modern tech | Up to 15% | Group savings, Lock plans, Target tracking |
| 9 | Branch | Saving + access to quick loans | 8–10% | Flexible savings, Instant loans |
| 10 | Accrue | Save now, buy later (USD focused) | USD-based ROI | Dollar saving, Smart purchase planning |
1. PiggyVest
PiggyVest helps you save money consistently and automatically. Users can lock money with “SafeLock,” create target savings for specific goals, and even invest in real estate or agriculture. It offers a flexible withdrawal policy and pays up to 13% interest per annum. Available on web and mobile.
2. Cowrywise
Cowrywise is a secure saving and investment app with a beautiful interface. It allows you to set fixed savings, emergency funds, and also invest in mutual funds. It supports Halal savings for Muslims and dollar saving options. Interest rates can go as high as 15% depending on the plan.
3. Kuda Bank
Kuda is a fully licensed digital bank offering full banking services along with savings features. The Save Vault is where users can stash funds and earn interest up to 10%. With 25 free transfers monthly and zero maintenance fees, it’s ideal for those who want banking and savings in one place.
| Feature | Details |
| Transfers | 25 free monthly |
| Interest | 8–10% annual on Save Vault |
| Extra Perks | Free debit card, Spending insights |
4. V by VFD (VBank)
VBank allows you to save solo or with friends/family. The standout feature is “Savings Circles” which encourages group savings with accountability. Users can set targets and track each member’s contribution. It’s ideal for cooperative societies, families, or couples.
5. ALAT by Wema
ALAT is a full digital bank app by Wema Bank. It allows for multiple saving goals, spending tracking, and virtual dollar card creation. With up to 10% annual interest and free virtual card for online transactions, it’s perfect for lifestyle-conscious users.
6. Risevest
Risevest helps Nigerians save and invest in USD by offering portfolios in U.S. stocks, real estate, and ETFs. Returns range from 10% to 15% per year. If you want to beat naira inflation and build dollar wealth, this app is ideal.
| Category | Info |
| Currency Type | U.S. Dollar |
| Investment Type | Real estate, stocks, ETF |
| Suitable For | Long-term saving and currency hedging |
7. Bamboo
Bamboo is designed for those who want to invest consistently in global stocks. You can invest as low as $10 in top companies and use it as a savings plan with potential capital gains. Bamboo provides a dollar wallet and direct bank withdrawal features.
8. Sumo Trust (Cleva Africa)
Sumo Trust, now known as Cleva Africa, combines the traditional ajo system with tech-based accountability. Users can save alone or in groups, set weekly/monthly contributions, and earn up to 15% interest. Great for market traders, co-op societies, and families.
9. Branch
Branch combines instant lending with a savings option. You can save daily, weekly, or monthly while still having the flexibility to access loans when needed. Their savings plan attracts up to 10% annual interest.
| Feature | Description |
| Loan Limit | Up to ₦500,000 instant |
| Savings Type | Flexible: Daily, Weekly, Monthly |
| Interest | 8–10% on savings |
10. Accrue Savings
Accrue allows you to save gradually in USD toward purchases like electronics, tuition, or travel. Instead of taking loans or using “buy now pay later,” you can plan and pay ahead. It’s great for disciplined people avoiding debt.
How to Choose the Right Savings App in Nigeria
| Your Need | Best App Suggestion |
| General Savings & Local Interest | PiggyVest, Cowrywise |
| Banking + Savings | Kuda, ALAT |
| Group or Joint Saving | V by VFD, Sumo Trust |
| Dollar-Based Saving & Investing | Risevest, Bamboo, Accrue |
| Saving with Loan Access | Branch |
Are These Apps Safe?
Yes. Most of these savings apps are registered with the Central Bank of Nigeria (CBN) and have banking partners. Some, like ALAT and Kuda, operate as licensed microfinance banks. Others like PiggyVest and Cowrywise are insured under NDIC through their partner banks. Always ensure you use the official app or website when signing up.
Final Thoughts
Saving money in Nigeria no longer requires standing in long queues at the bank or locking your money away in low-interest savings accounts. With the savings apps listed in this guide, you can save as little as ₦100 or as much as ₦1 million, automatically, securely, and with interest that beats inflation. Whether you want to save in naira or dollars, alone or with friends, for short-term or long-term goals, there’s an app for you.
If you're still unsure, start small with an app like PiggyVest or Cowrywise to test your savings discipline. As you grow comfortable, you can scale into Risevest, Bamboo, or VBank for more targeted goals and investment options.
