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Ikiodiete George
- 4 Min Read
Want To Save Money In Nigeria? These 10 Apps Are The Best For Daily, Weekly & Monthly Savings (2025 Guide)
Let’s be real—saving money in Nigeria can feel like a fight against the economy, your cravings, and "urgent" family demands. But what if you had a simple app that helped you stash small amounts daily or weekly, automatically, and even paid you interest? That’s where digital savings apps come in.
Whether you're a student, a salary earner, a small business owner, or a freelancer, there’s a savings app that fits your lifestyle and budget. In this post, we’ll break down the 10 best-rated savings apps in Nigeria for 2025 that help you save daily, weekly, or monthly—without stress.
Why Use Savings Apps Instead of Regular Banks?
| Feature | Digital Savings Apps | Traditional Banks |
|---|---|---|
| Interest Rate | Up to 15% per annum | 1% to 3% per annum |
| Savings Automation | Yes | Limited |
| Savings Goals Tracking | Yes | No |
| Investment Options | Yes (Mutual funds, etc.) | Limited |
| Dollar Savings | Yes | Rare |
Top 10 Best Savings Apps in Nigeria (2025)
| Rank | App Name | Best For | Interest Rate | Savings Mode |
|---|---|---|---|---|
| 1 | PiggyVest | All-round savings and investing | Up to 13% per annum | Daily, Weekly, Monthly, Fixed |
| 2 | Cowrywise | Structured and goal-based saving | Up to 15% per annum | Daily, Weekly, Monthly |
| 3 | Kuda Bank | Banking + automated savings | 8–10% per annum | Auto-save & Spend-to-save |
| 4 | Sumo Trust | Digital “Ajo” style savings | Up to 15% per annum | Daily Lock Savings |
| 5 | ALAT by Wema | Savings + lifestyle banking | Up to 10% per annum | Goal-setting and automation |
| 6 | Risevest | Dollar savings and investments | 10–15% USD ROI | Monthly plans |
| 7 | Branch | Saving + loan access | Up to 10% per annum | Flexible daily/weekly/monthly |
| 8 | VBank | Group and solo goal savings | Up to 14% per annum | Custom goal frequency |
| 9 | Accrue | Save toward future purchases | USD ROI (varies) | Milestone/daily plans |
| 10 | Chipper Cash | Light savings & transfers | Up to 8% per annum | Flexible or scheduled saving |
In-Depth Review of Each App
1. PiggyVest
PiggyVest is Nigeria’s most trusted savings and investment app, perfect for those who want to automate their finances. You can save daily, weekly, or monthly using Target Savings or AutoSave. Features like SafeLock allow you to lock money away for fixed interest. You also get investment opportunities.
2. Cowrywise
Cowrywise is ideal if you prefer structured and disciplined saving. With plans for daily, weekly, or monthly savings, it suits both short- and long-term goals. You can invest in mutual funds or create halal-compliant plans for Muslim users.
3. Kuda
Kuda is more than just a bank—it’s a smart money management tool. Its AutoSave feature lets you save a percentage of every credit you receive. You can also set up daily, weekly, or monthly savings vaults with up to 10% interest.
4. Sumo Trust (now Cleva Africa)
Sumo Trust blends the traditional "Ajo" method with digital tools. You can save daily or set lock savings for higher interest. It supports individual and group saving goals with plans tailored to micro-entrepreneurs.
| Feature | Description |
|---|---|
| Ajo Savings Style | Digital community-style saving |
| Lock Savings | Earn higher interest rates |
| Group Contribution | For families, co-workers, market groups |
5. ALAT by Wema Bank
ALAT allows you to set savings goals and automate deposits. Want to save ₦1,000 every day or ₦10,000 every week? ALAT handles it. It also offers virtual cards and access to full digital banking.
6. Risevest
With Risevest, you save in dollars and invest in global assets like U.S. stocks, real estate, and ETFs. While it’s not for short-term daily savings, it’s perfect for monthly automated savings and long-term goals.
7. Branch
Branch is mostly known for offering fast, no-collateral loans—but it also supports flexible savings. You can set up daily or weekly savings plans while earning decent interest. It's a great all-in-one option.
8. VBank (V by VFD)
VBank allows you to save solo or in a group. You can create custom saving goals (e.g., 30 days or 6 months) and automate your daily or weekly deposits. It also works great for events like weddings or rent contributions.
9. Accrue Savings
Accrue is like layaway but smarter. Instead of borrowing, you save toward things like travel, gadgets, or education. It encourages daily micro-saving habits with rewarding outcomes and dollar protection.
10. Chipper Cash
Though not a full savings platform, Chipper Cash now offers interest-earning wallets. It’s great for flexible savings, especially if you're already using the app for transfers or payments.
Comparison Table for Common Use-Cases
| Goal | Best App Options | Reason |
|---|---|---|
| Save ₦500 daily | PiggyVest, Cowrywise, Sumo Trust | Automation + High ROI |
| Weekly family contributions | VBank, Sumo Trust | Group saving tools |
| Save ₦50k monthly | Risevest, ALAT, Branch | Flexibility + Long-term return |
| Dollar savings | Risevest, Accrue, Bamboo | Protect value from inflation |
| Save toward laptop/travel | Accrue, PiggyVest | Milestone or Target Savings options |
Are These Apps Safe?
Yes, most of these apps are partnered with Microfinance Banks licensed by the Central Bank of Nigeria (CBN) and often backed by the Nigeria Deposit Insurance Corporation (NDIC). Always:
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Enable two-factor authentication (2FA)
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Save only via official mobile apps or websites
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Use strong passwords and avoid phishing links
Final Thoughts
Saving money in Nigeria doesn’t have to be stressful or boring. With the right app, you can automate the entire process, earn competitive interest, and achieve your financial goals faster—₦500 at a time.
Start today by picking one of the apps above, set your savings frequency (daily, weekly, monthly), and build wealth with ease. With consistency and discipline, you’ll thank yourself before the year ends.
