Piggyvest And Cowrywise: Which Is Better?

When it comes to savings and investment of money, only two platforms come to mind — Piggyvest and Cowrywise. These are two of the biggest platforms in Nigeria that guarantee the security of your money. However, when it comes to choosing one of these apps, that’s when choosing the better of the two comes into play. In this article, you’ll be reading about Piggyvest and the Cowrywise platform. You’ll also be reading the similarities and differences between these two apps. Read on, to benefit from this article.

How Does Piggyvest Work?

Piggyvest is an online platform that makes saving and investing easier. With Piggyvest, people of all ages can save and invest money easier and faster. Another thing that makes Piggyvest helpful is the very juicy interest rates. Piggyvest offers an interest rate of 7% and 35%. However, this greatly depends on which of the Piggyvest packages you use.

There are different Piggyvest packages open to Piggyvest users. Let’s take a look at them.

The Piggybank plan helps you save your money automatically. It works just like a normal bank does. It helps you develop good saving habits and helps you develop sound financial habits. They can be done whether daily, weekly, or monthly. This is done depending on your choice.

The SafeLock is another plan that helps you save and helps you get rid of unnecessary spending. With SafeLock, you lock your funds for some time and get up to 12.5% returns on your investment when you decide to withdraw.

Another one is the Target Savings. With Target Savings by Piggyvest, you save until you reach your target. This is helpful especially if you want to pay your rent or you want to save up to buy a new item. All this is done while you get your 8% interest at the end of the saving journey.

READ ALSO: PiggyVest Interest Rate Calculator: Easiest Way To Calculate Your Interest On PiggyVest

How Does Cowrywise Work?

Cowrywise is an online tool that helps you make wise financial decisions and helps you avoid spending money unnecessarily. With it, you can monitor your savings, get security over your funds, and are professional.

Along with helping you with financial management matters, Cowrywise also helps you with tips to make your financial management journey a success.
Their plans are tailored to help you develop good saving habits and curb unnecessary spending from you. Their plans include Sprout and Triggers. Let’s explore them;

Sprout By Cowrywise is an option on Cowrywise that helps you invest easily and also helps businesses like yours invest their cash easily and faster without hiccups.

Triggers By Cowrywise is a modern style of spending that helps you save money and make wise financial decisions. Depending on the conditions you set, you can even save money when your favorite club scores a goal.

So far in this article, we’ve been able to see how this two savings platform works. Now, let’s go to the main gist of this article. That is the comparison of the two different platforms as to which one is better.

Piggyvest And Cowrywise: Which Is Better?

In this section, we will be examining different aspects of these platforms to see which one is better than which. So, kindly read and follow the analysis so that you can draw the appropriate conclusions regarding the two savings and investment platforms.

1. Interest Rate

In terms of interest rates, both Piggyvest and Cowrywise offer great interest rates. However, for the two platforms, the interest rate is dependent on the amount of money that is being saved and the duration of the saving journey.

For Cowrywise, the interest rate is greatly dependent on the duration of the saving journey. For instance, if you save for three months on Cowrywise, you get an interest rate of 5.50% interest per annum. For 6 months, you get 6.50% per annum, For 9 months, it is 7.50%, and for 1 year, it is 8.50% per annum.

Piggyvest, on the other hand, offers rates within the range of 10% – 15%. This is however dependent on the plan you choose to save and invest in and other important factors. It usually doesn’t surpass this range.

2. Customer Support

In terms of customer support, both platforms don’t take this for granted. They offer supportive and responsive customer support systems that enable users to get answers and solutions to their problems on time.

Piggyvest offers quick and direct answers to users’ queries when it comes to their services. They do not have to streamline it into only one channel, but they are responsive on all the channels such as their email, phone number, and even on their social media channels. When it comes to professionalism and friendliness to customers, Piggyvest’s customer service is top-notch.

Cowrywise on the other hand, doesn’t perform badly in this aspect. They also provide multiple channels where you can reach them through helpful tips already made to answer customer queries.

Cowrywise knows that without having a strong customer support system, it wouldn’t be regarded as a top platform which is why it spends time to make sure that it delivers the best in professionalism when dealing with customers’ queries.

3. User Interface

The user interface of Piggyvest and Cowrywise is one of the best in the world for a saving and investment platform. The user interface is friendly and is compatible with any device you install it on.

The user interface of Piggyvest is one of a kind. With it, you get a quality display that helps know where to scroll or go in the app. The user interface is designed to help you avoid the stress of scrolling up and down just to do a simple task. The user interface helps you especially if you want to save, invest, and do other operations on the platform.

Cowrywise interface is also helpful and is made having the customers in mind. You can see text clearly and you are not distorted by annoying ads on the screen with the Cowrywise app. The whole concept of the Cowrywise interface is its simplicity and straightness. You can access everything and anything on the app with just a button if you want to.

What Makes Piggyvest A Unique Platform?

Juicy Interest Rate

Just like we’ve considered earlier, the Piggyvest interest rate doesn’t surpass the 10% – 15% interest rate. This is high and makes a lot of sense to the user because it offers you high returns over investments when compared to other platforms which may offer just 5% – 10% annually. So, this range is quite nice to the eyes when compared to other platforms.

What Makes Cowrywise A Unique Platform?

Nice User interface

Only a few saving and investment platforms beat the Piggyvest platform in terms of user interface. The Cowrywise interface is friendly and modern helping you access the latest features available on the app without hassle.


Is PiggyVest better than Cowrywise?

Depending on what you demand from saving and investment platforms, PiggyVest may be a better option. If you want to save money and you need options of plans to choose from to make your saving journey a success, then Piggyvest is the best to choose.

Is Cowrywise good for saving?

Yes, Cowrywise is also a wise choice that you can use to save. However, they offer few plans when compared to the PiggyVest platform.

Cowrywise good for investment?

Cowrywise is good for investment. If you want to invest your money to get high returns, then you should choose Cowrywise. When you use Cowrywise, you choose a secure platform for both saving your money and investment.

Who are PiggyVest competitors in Nigeria?

In Nigeria, there are many other reputable savings and investment platforms. They include;
Cowrywise, Mono, Flutterwave, and FriendsVow to mention just a few.

Does CBN recognize Cowrywise?

CBN has power over banks. Their power doesn’t affect Cowrywise because Cowrywise is not a bank. However, Cowrywise is duly recognized under the Securities and Exchange Commission (SEC).


All in all, the two apps are great and as such are very reliable options for you to save money and make other transactions. You’ve read the advantages and disadvantages of these apps, so it is left for you to decide which one is better for you.

Leave a Reply

Back to top button