7 Best Savings and Investment Sites and Apps for Everyone in 2025

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FairMoney Microfinance Bank is the number 1 most downloaded fintech app in Nigeria. 

With over 10,000 daily loan disbursements, and over 5 million users enjoying banking, savings, and investment services.

You can also create multiple savings goals with FairMoney’s Fair Lock account per your requirements. 

FairMoney helps the average Nigerian access finance tools to take control of both their life and their finances.

The daily limit for FairMoney entails that by default, all FairMoney customers have a maximum of N200,000 deposit per day, a maximum of N200,000 bank transfers per day, and a maximum of N500,000 in the account balance. To enjoy higher limits, you can simply request an upgrade.

How FairMoney FairLock works

FairLock is FairMoney’s fixed-term deposit product, where you can securely lock funds for a duration of time and earn up to 30% upfront interest P. A on your 1st deposit and 28% P.A on subsequent deposits. 

The funds and interest earned are automatically paid out once the term is completed.

What is the interest rate offered by Fairlock?

They offer several FairLock plans, with different interest rates and term lengths. Interest rates can vary between 16 – 26% per annum, depending on the term length.

You are free to choose the combination of term length and interest rate that best suits you.

How do I access interest earned on Fairlock?

Once your term is completed, the principal amount plus interest earned will be paid into your FairSave account. You are free to use your interest however you wish!

How to start your saving and investment plan with FairLock?

This will securely lock your funds in FairLock.

You can transfer money from your FairMoney bank account, FairSave wallet, debit card, or an external bank account to FairLock.

Note that FairLock is a fixed deposit savings plan that cannot be accessed until maturity.

Once a FairLock plan is set, you can’t change it but you can only create a new FairLock plan. You can also create different FairLock plans for different purposes like birthdays, Weddings, or School fees.

Get started with FairMoney today!

SEE ALSO: Self-Financing Your Education – A Guide to Student Financial Independence

#2. Piggyvest

PiggyVest is an online platform that simplifies savings and investments for Nigerians of all ages.

It allows users to set up automatic savings and track their spending.

Piggyvest offers interest rates of up to 13% on savings.

With Piggvest, you have access to different plans. For instance, a Flex Naira account is a flexible savings wallet where interests earned on all other PiggyVest wallets are paid. You earn an interest of 12% per annum on funds in your flex account but this is subject to a maximum of 4 withdrawals in a month.

We have a savings plan under Piggyvest that enables users to invest in any amount of their choice.

PiggyBank

PiggyBank is a PiggyVest plan that enables you to save any amount automatically — daily, weekly, or, monthly. 

It’s an excellent way to develop sound financial habits and includes an option to manually add money to ensure you stay on top of your savings game.

This plan allows you to earn up to 14% per annum interest. It’s a great option if you’re looking to build your savings or if you want to test out just how amazing the PiggyVest platform is.

It’s a secure way to save and invest money; it also offers interest rates of between 7% and 35%, depending on which option you choose.

What are you waiting for? Kickstart your saving and investment journey with PiggBank.

#3. Cowrywise

Cowrywise is a savings and investment platform developed to equip individuals with the required tools to make personal financial management a lifestyle.

What types of savings and investment plans are available on Cowrywise?

Regular Savings 

With this, you can set your savings plan to be daily, weekly, or monthly for a minimum of 3 months.

You need only to specify this once during the setting up of your plan and Cowrywise will ensure this money is saved automatically on those specified days into your Cowrywise savings plan. 

You can also choose to manually top up your savings plan randomly with other amounts outside the automated scheduled amount.

These plans help you meet commitments to long-term financial goals. 

These are similar to periodic plans but they have a minimum maturity period of 1 year.

Who are those Cowrywise is suitable for?

Cowrywise is suitable for anyone who:

• Never want to miss their saving and investment goals again.
• Wants to save and invest even while they are asleep.
• Wants the discipline to keep their savings and investments for a long period without tampering with them.
• Wants to plan their financial goals with easy-to-use financial tools.

Also, it is built not only to make periodic savings and investments easy and automatic but also to enable monitoring of savings, investments, and net worth.

Bring your saving and investment journey into the limelight with Cowrywise today!

#4. ALAT by Wema Bank

ALAT is built from scratch to be entirely digital, making all banking services available to you anywhere you can access the internet.

Who can use ALAT?

Everyone! 

You simply need to get registered on a smartphone. To operate your account, you may use your smartphone or revert to the *945# USSD banking.

What type of goals can I create on ALAT?

1. Fixed Goal

You can save daily, weekly, or monthly towards a target amount with no withdrawals allowed. You also qualify for interest when you meet the target amount you set.

2. Flexi Goal

You can save daily, weekly o, or monthly towards a target amount with a 50% withdrawal allowed on the amount saved. 

You also qualify for interest when you meet the target amount you set.

3. Stash

You can save whatever you want, whenever you want, no withdrawal allowed. You also qualify for interest on your savings after 30 days. You can earn up to 10% interest per annum on your Goal savings.

Why ALAT?

In comparison, a banking app only offers some banking services (typically airtime purchases, bill payments, and transfers).

It offers a high interest rate of up to 10% per annum and provides tools for users to spend wisely.

Investment goals on ALAT allow users to set financial targets and automatically invest funds toward achieving those goals.

Sign up for the ALAT today and launch your dream career with your consistent savings and investment.

SEE ALSO: How to Build an Effective Personal Branding Strategy in 2025 [Full Guide]

#5. Kuda

Kuda includes tools for tracking your spending habits, saving more, and making the right money moves. 

Kuda runs entirely on your phone (with an internet connection) and they will deliver your debit card to any address in Nigeria.

Because Kuda don’t have branches, they can save a lot of money. That’s why Kuda can afford not to charge you ridiculous fees and pay you more interest than most banks.

To open a Kuda account, you must be at least 16 years old and you must have an email address and a phone number.

With a full Kuda Business account, you earn back 1.5% of your spend on any airtime or bill payment.

It offers a high Interest rate of 10% per annum and allows for easy access and transfer of money in and out of the account.

You get a cashback as soon as your airtime or bill payment is completed. You’ll be credited to your Kuda Business account with the cashback instantly.

With Kuda, your money is safe with the use of high-security encryption used by regular banks.

With Kuda, your funds are safe and your interests are guaranteed.

#6. Pillow fund

Pillow is Nigeria’s #1 savings app that lets users save and earn daily dollar interest through the power of cryptocurrency.

One such investment company is Pillow Funds, a dollar-denominated investment platform that offers a range of investment opportunities.

Pillow Funds is committed to helping investors reach their financial goals and its investment portfolios are designed to provide a balance of stability, growth, and income.

Whether you’re looking to grow your savings, protect your assets, or prepare for retirement.

Pillow Funds has the experience and expertise to help users achieve their objectives.

With pillow fund, you can save in dollars and be guaranteed of getting a 14% annual return on investment.

Build your future by saving in dollars on Pillow. You can fund it with naira directly from your bank account and start earning an incredible 14% annual interest.

The time to build your wealth and ensure it is generational is now! 

Start a savings habit with as little as 1000 Naira on Pillow.

#7. Trove

Trove is a digital stock investment app that enables you to invest in Nigerian, American, and Chinese stocks.

It takes just 3-4 minutes to fill out the account opening form on Trove.com. 

You will need to upload your address and ID proofs during this process.

Then it takes ~T+1 business day for your account to get approved by the brokerage partners. 

All of the KYC documentation and filing is done within this time frame.

It helps users to invest in local and foreign stock or shares.

As such, this is one of the top investment apps in Nigeria to invest in local and foreign stocks or shares.

You can invest in over 4,000 stocks on Trove, including U.S. equities and exchange-traded funds (ETFs), American Depository Receipts (ADRs), and Niger rain Stocks listed on the Nigerian Stock Exchange (NSE).

Sign up now to get started.

7 Most Reliable Savings and Investment Sites and Apps for Everyone in 2025 FAQs

What is the most important thing that savings and investment have in common?

They both let you “put your money to work”. Savings are earnings protection from risks, though the earnings might not be as high as an investment.

Why do people need to invest their own money?

Investing can be an effective way to put your money to work and potentially build wealth. 

The greater growth potential of investing is primarily due to the power of compounding and the risk-return tradeoff.

How many different savings accounts can I have?

You can have as many savings accounts as you wish without it affecting your credit score.

How are savings and investment connected?

Savings provide short-term planning for short-term turns while investment is long-term returns and achieving them.

Do savings accounts have limits?

Savings accounts help you to achieve your financial goals. It depends on the savings app you use, some limits how you dip into your funds often.

Which app is good for saving money in Nigeria?

Piggyvest is a popular savings app in Nigeria that helps you invest and save money. Its feature is the automatic fixed savings plan, it has daily, weekly, and monthly. It also has specific features like school fees, accommodations, and so on.

Which is better, cowrywise or piggyvest?

PiggyVest generally offers higher returns on investments, making it appealing for those chasing maximizing gains.

Conversely, Cowrywise’s diverse investment options, including Shariah-compliant schemes, may resonate more with users seeking specific types of investment opportunities.

Final Thoughts

Saving and investing gives you peace of mind, expands your options for decisions that have a major effect on your quality of life, and eventually gives you the option to retire.

Most people who are wealthy got there through a combination of their own hard work and smart savings and investment decisions.

You have the knowledge, make your decision today!