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Nairaland Forum / Nairaland / General / Investment / Is Piggyvest Safe And Approved By CBN (8856 Views)
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Is Piggyvest Safe And Approved By CBN by annirichi(f): 9:28am On Dec 08, 2021 |
Savings is the bridge between earning money and investing it. once the saving bridge is faulty, you can’t cross over, this, you keep working for money till age. Piggyvest is a great platform for you to save and invest your money safely. Yet, most people are still skeptical about the reliability of the piggyvest app as a saving and investment app since it deals with money. When piggyvest was newly introduced, most people thought it won’t stand the test of time. But the piggyvest CEOs has proven to know their onions in this innovative solution. Just in case you don’t know what the piggyvest app is, let’s quickly tell you before we move ahead. What is the piggyvest app? Piggyvest app is the only saving and investment app used widely in Nigeria and West Africa. Currently, it has 1,000,000 ( one million) downloads from the play store. The app was released on the 31st of October, 2018. By using this app, you get a 10-13% interest rate for your savings and 25% returns on your investment on the platform. On the play store alone, the piggyvest app has 39k( 39 thousand) reviews. This is to prove to you that it is safe, reliable, and trustworthy. This app records a monthly savings of 1Billion Naira securely saved by users on it monthly. Most importantly, it helps users to save money they would have spent carelessly. You can save daily, weekly, monthly using this app. In addition, you can save for multiple targets – saving for school fees, rent, vacation, etc. To download the piggyvest app and enjoy its benefits, go to the play store if you are an android user. Then iPhone users should get it from their iOS device. Is piggyvest approved by CBN? Here are the top proofs to show that piggyvest is approved by CBN 1. Piggyvest is supervised AIICO (American International Insurance Company Limited ). This is a top asset management company in Nigeria registered by the Securities and Exchange Commission( SEC). All your funds are warehouse and managed by AIICO, so you have nothing to worry about. 2. It is endorsed by CBN ( Central Bank Of Nigeria). 3. It operates as a microfinance bank and also has a licence. 4. It is registered with NDIC (Nigeria Deposit Insurance Commission). 5. It is registered with Corporate Affairs Commission (CAC). Read more about Piggyvest here It was first known as piggybank. ng on 7th January 2016 as a saving platform alone. Then, the investment option wasn’t added to it. Later in April 2019, piggybank. ng was rebranded as piggyvest. This rebranding came with the investment feature which allows its users to make 25% on their money Most importantly, these online automatic saving platform helps users to save and invest their spare money with a promise to give interest rates that banks would not give. Piggyvest is a very reliable and secured online platform for savings and investments. It teaches its users disciple as most people who couldn’t save money can now do so by downloading and using the piggyvest app. Customers get 10-13% interest on their savings. This is higher than the interest rates given to bank customers on their savings. Users are allowed to withdraw their money freely four times a year. These days are known as withdrawal-free days These are the piggyvest withdrawal-free days; 1. March 31 2. June 30 3. September 30 4. December 31 5% of the total amount you wish to withdraw will be charged from your account if you want to withdraw on any other day asides from these withdrawal-free days. |
Re: Is Piggyvest Safe And Approved By CBN by iykejohnson(m): 4:19pm On Dec 08, 2021 |
I am following |
Re: Is Piggyvest Safe And Approved By CBN by SavageResponse(m): 5:41am On Dec 09, 2021 |
annirichi: Being registered with Corporate Affairs Commission does not necessarily prove legitimacy or serve as a guarantee of sound management of a company. A company could be registered by CAC and still be a scam therefore putting this point here is redundant eg MBA Trading Ltd etc Focus more on showing us evidence that the CBN and NDIC monitor the company by sending auditors to review their books to confirm that they are actually doing what they claim they are and that the business is not an elaborate Ponzi scheme 7 Likes |
Re: Is Piggyvest Safe And Approved By CBN by mosix4real: 1:04pm On Feb 28, 2022 |
I just checked the CBN list of licensed MFB's. Guess what? No piggyvest 2 Likes |
Re: Is Piggyvest Safe And Approved By CBN by maritime1: 4:27pm On Mar 04, 2022 |
Scam!!...They are not in the list of Cbn mfb's. You can confirm it by yourself |
Re: Is Piggyvest Safe And Approved By CBN by MyPlugEx: 4:35pm On Mar 04, 2022 |
mosix4real:it is not a micro finance bank itself. It acquired Gold MFB |
Re: Is Piggyvest Safe And Approved By CBN by djlad: 6:26am On Apr 26, 2022 |
Piggyvest does not operate as a bank but an asset management firm. Banks are typically insured by NDIC, not asset management companies. Asset management companies are regulated by the SEC. |
Re: Is Piggyvest Safe And Approved By CBN by Goldbw122(m): 7:48am On Apr 26, 2022 |
Piggyvest is safe, PiggyVest save me back in my school days. 2 Likes |
Re: Is Piggyvest Safe And Approved By CBN by Olagrace1: 11:57pm On Sep 11, 2022 |
Goldbw122: Is piggyvest please still okay? I want to register |
Re: Is Piggyvest Safe And Approved By CBN by fjlinks(m): 12:32pm On Apr 12, 2023 |
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