You have choices when it comes to saving your money. You can use apps that help you set aside cash and earn extra interest as your balance grows. These apps let you put aside funds without the stress of complicated bank issues. You get to see your money grow while you focus on the fun parts of your day.
The apps are built to make saving easy and fun. They let you choose how much you save and how often you deposit. You can save daily or set goals for a big purchase. The apps work on your phone, and you can check your progress anytime. They show you how little drops add up into a big pool.
Many of these apps offer attractive interest rates that can boost your savings faster than a regular bank account. With simple steps and clear instructions, you can start saving with a tap. This post will show you the top 12 best apps to save money and earn interest in Nigeria. Try one of them today and feel the power of smart saving.
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12 Best Apps to Save Money and Earn Interest in Nigeria
1. PiggyVest
PiggyVest stands out as one of Nigeria’s best apps to save money. It makes saving simple and fun by letting you set aside small amounts daily. Originally launched as Piggybank.ng, it has evolved into a versatile platform offering multiple saving options such as Piggybank, Safelock, and Target Savings.
Whether you save daily, weekly, or monthly, PiggyVest provides flexible plans that help you build your funds steadily while earning competitive interest. With millions of users trusting the platform to grow their savings, PiggyVest has set the benchmark for digital savings in Nigeria.
The app also offers features like auto-saving, which takes money from your account automatically on specified days. If you opt for the Safelock feature, your money is securely locked away for a set period, earning higher interest rates often between 12% and 22% per annum compared to traditional bank accounts. A user can schedule daily transfers of as little as N100, and over time, watch those savings grow with interest.
2. Cowrywise
Cowrywise is another popular app that turns saving into an effortless habit. It offers a range of saving options such as safe-lock savings, fixed deposits, and automated saving plans. Cowrywise earns competitive interest on your savings, and you have the flexibility to set aside money according to your schedule.
The app also allows you to invest in curated portfolios if you want to try something beyond a simple savings plan. For example, users can lock away a portion of their income for a set term and earn higher interest compared to regular savings accounts.
3. Carbon
Carbon is a versatile financial app that offers both lending and savings features. With Carbon, you can save money and earn interest on your balance while also accessing personal loans if needed. The app focuses on quick, secure transactions with a modern interface that appeals to young professionals.
Carbon’s savings feature like the flex save or cash vault allows you to allocate funds for emergencies while you benefit from interest earnings. You can also automate your savings by putting money aside automatically at your chosen time of the month. This app has gained traction for its speed and convenience, making it a smart choice for those who want a dynamic, multi-purpose financial tool.
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4. Renmoney
Renmoney offers both lending and savings services designed to cater to everyday Nigerians. The app provides easy access to savings accounts where you can earn attractive interest up to 28%, along with low-interest loans if needed. Renmoney focuses on empowering you to manage your finances with minimal hassle.
Users can set aside money automatically and see it grow, all while having the option to borrow for emergencies. You can check out their different types of savings accounts, including RenFlex, Smart Goal, and RenVault, along with their interest rates. You can also combine saving and borrowing features to build a balanced financial plan.
5. Bamboo
Bamboo is a fantastic app for Nigerians looking to save money and earn interest while exploring diverse investment opportunities. It’s an investment platform that lets you explore over 3,000 stocks from both the U.S. and Nigerian stock exchanges, along with ETFs and fixed-return options.
Bamboo also has a savings feature where you can stash your idle cash and earn up to 8% annual dollar denominated interest on fixed returns, and recently, they’ve rolled out a savings option offering up to 18% interest; pretty impressive, right?
You can start with as little as N15,000 thanks to fractional investing, which means you can buy a piece of a stock instead of the whole thing. Plus, your money’s safe with bank-level security and insurance covering each account up to $500,000 through their U.S. brokerage partner.
6. Kuda Bank
Kuda Bank is a fully digital bank that offers a suite of financial services including a high-yield savings account. Kuda Bank provides a simple, intuitive platform where you can save money whenever you want, track your spending, and earn interest without monthly fees.
The app is popular for its ease of use and the ability to access your funds quickly. Kuda’s savings feature rewards you with interest, making it easier to reach your financial goals. You can also setup a fixed deposit account with Kuda where you save a specific amount for a fixed time and earn up to 12% per annum. Check out: Kuda Microfinance Bank Branches In Nigeria
7. Palmpay
Palmpay is a mobile wallet that offers more than just payment services. It has built-in savings options that allow you to set aside money and earn interest over time. You can start flexible savings on palmpay where you could earn ₦41.6 daily just by depositing ₦100,000 in your palmpay cashbox.
You can transfer a portion of your income to a Palmpay savings account or setup automatic transfer to your cashbox and watch it grow with interest while using the wallet for daily purchases. Palmpay is simple and easy to navigate, making it ideal for everyday transactions and savings. The app also provides promotional offers and discounts, adding extra value to your money; more reason it’s one of the best apps to save money.
8. Aella Credit
If you’re in Nigeria and looking for a simple, reliable way to save money and earn some interest, Aella Credit now known as Aella Microfinance Bank (MFB)—is a fantastic option to consider. This app is not just a loan provider, it’s also a full-on financial buddy that helps you manage your cash with ease.
With over 2 million users, Aella has built a solid reputation for offering practical tools like high-yield savings accounts alongside its well-known instant loans. The app’s savings feature lets you tuck away your money securely and earn up to an impressive 22% annual interest on investments; That’s a pretty sweet deal compared to traditional banks.
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9. Branch
Branch is a financial services app that combines lending with savings opportunities. Branch offers a simple interface where you can save money and earn interest, while also accessing loans with competitive rates if necessary.
As a Branch user, you can invest a portion of your income and earn up to 23% interest per annum. You can choose between the flexi investment, target investment, or fixed investment. Its mobile-first design makes managing your finances hassle-free, especially on busy days.
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10. Opay
Opay started as a payment app and has grown to include savings and investment features. Opay lets you save money and earn interest while enjoying the convenience of a mobile wallet. The app is user-friendly and designed to meet the needs of everyday users, with tools that simplify budgeting and spending.
You can deposit money into an Opay savings account and track your progress via the app’s dashboard. Opay’s integration of payment and savings functions makes it a popular choice for those who want a flexible, all-in-one digital finance tool. Check Out: Opay USSD Code for Transfer and Other Transactions
11. ALAT by Wema Bank
ALAT is Wema Bank’s digital banking platform that offers a fully online savings account. ALAT by Wema Bank allows you to manage your money without visiting a branch. The app features a high-yield savings option, budgeting tools, and easy money transfers.
ALAT lets you lock away funds in a savings account with interest rates over 10% which can be competitive compared to traditional banks. Plus, there’s a group savings option if you want to team up with friends or family for a bigger goal. It’s all about making your money grow while you go about your day—no pressure, just progress.
With its emphasis on digital convenience, ALAT appeals to many Nigerians who prefer managing their finances on their mobile devices, offering a blend of traditional banking security and modern tech efficiency.
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12. Risevest App
Risevest stands out as one of the best apps to save money and earn interest in Nigeria although it focuses on dollar-denominated investments. With the platform, you can begin investing with as little as $10, making it usable for everyone.
Risevest provides access to a carefully curated portfolio of global assets, including U.S. stocks, real estate, and fixed-income instruments. This diversification not only helps to spread risk but also safeguards your money against local currency devaluation, a critical factor in Nigeria’s fluctuating economic landscape.
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NOTE: You can download any of the above listed apps on google play store or the apple store.
Conclusion
You now have a clear look at 12 best apps to save money and earn interest in Nigeria. Each app has its own charm. Some let you set small daily deposits while others reward you with higher interest for longer-term goals. They all focus on making saving easy, secure, and fun.
Many of these apps offer competitive rates that beat what you find at regular banks. They give you control over your money, show your progress in simple charts, and remind you of your goals.
Try one or two of these apps. See which one feels right. Track your savings and watch your funds grow steadily. Choose an app that fits your style and financial needs. Small savings can turn into big gains. You have the power to take charge of your money. Get started and see how these tools help you build a better financial future.
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