Can you imagine investing without calculating your potential returns? That would turn out bad! PiggyVest is aware of this which is why the PiggyVest Interest Rate Calculator was made. With the PiggyVest interest rate calculator, you could calculate your potential profits or loss when you invest a principal. Many have found it difficult to access the calculator, hence this article. So, in this article, we would be teaching you how to use the PiggyVest interest rate calculator and how to access it. If you’re an investor or potential investor, then this article is for you.
Piggyvest Interest Rate Calculator
Piggyvest Interest Rate Calculator is a tool developed by Piggyvest so that potential investors can calculate their returns. If you want to invest an amount of money in a business, you would sit down to calculate your potential benefits and returns, right?
Similarly, the Piggyvest interest rate calculator helps in this regard. By inserting your principal amount and the duration of investment into the calculator, you can get a possible value of what your returns would look like.
This tool has been used by several investors on Piggyvest before they started investing and it has yielded positive results for them. Through this tool, many have been able to get the amount they could get at the end of the investment period. It helps many users reach their target savings and helps them make better financial decisions.
If you intend to use the Piggyvest interest rate calculator before investing, please do so.
However, it is wise to note that the result younger from the calculator may not be the exact figure you would get in reality from Piggyvest at the end of your investment period. Your returns may be close in value to the one on the calculator but may not be exact.
Now that we’ve seen the function of the Piggyvest interest rate calculator, let’s see the steps involved in getting access to the Piggyvest interest rate calculator.
How To Use Piggyvest Interest Rate Calculator
Many users have found it difficult to use the Piggyvest interest rate calculator. Some have not even been able to find it on the Piggyvest platform. If you experience a similar problem, worry no more!
In this section, you would be reading steps about how to use the Piggyvest interest rate calculator. Let’s delve into it already:
Step 1. Go To Piggyvest Website
The first step in knowing how to use the Piggyvest interest rate calculator is by getting into the Piggyvest website. If you cannot use that means, you can use the Piggyvest app too.
Step 2. Tap “Interest Rate Calculator”
On the dashboard, you would see an icon labeled, “Interest Rate Calculator”. Click on it.
Step 3. Input Your Principal Amount
Once you tap the “Interest Rate Calculator”, you would shown a section where you would be needed to type in the moment you wish to invest. Type the amount you wish to invest there.
Step 4. Go To The Duration Tab
Under the “Duration” tab, select the period that the investment would be running for. You can choose to select whether it would be daily, monthly, or yearly.
Step 5. Enter The Expected Interest Rate
In the interest rate field, enter the expected interest rate. This would be shown under the “Interest Rate” section.
Step 6. Tap Calculate
At this point, after you’ve entered all necessary values, the next step to take is to calculate the value. The result would give you an estimate of what you would receive at the end of the investment period.
Why Use Piggyvest Interest Rate Calculator?
Some might wonder if using the Piggyvest interest rate calculator before investing is the right choice to make. Others might think that since it would not give the exact amount of interest, why should I bother? Let’s look at some reasons why using the Piggyvest interest rate calculator is realistic.
1. It Helps Prevent Prudent Spending
The calculator helps guide the way you spend. That’s after you’ve decided to save with Piggyvest. You become more careful with your spending knowing that you are now an investor. This means that you would want to spend money unnecessarily when it is not important.
2. It Prevents Time Wastage
The Piggyvest interest rate calculator helps save time. Rather than searching for paper and pen to start calculating your potential returns, the calculator helps you prevent all those time wastage. Isn’t that great?
How to calculate the interest rate on PiggyVest?
On the PiggyVest website, go to “Interest Rate Calculator”. On the calculator, type your principal amount, then select the duration period on the website. After that, tap “Calculate” to get your estimated interest rate.
How much interest does PiggyVest give daily?
PiggyVest gives an interest rate of 8% yearly and a 0.67% interest rate monthly.
How much interest does PiggyVest target savings earn?
If you decide to indulge in PiggyVest target savings, you stand a chance to earn 9% interest per annum.
What is the interest rate for PiggyVest SafeLock?
For PiggyVest SafeLock, you get a 12.5% interest rate.
Why should I use the PiggyVest interest rate calculator?
You should try using the PiggyVest interest rate calculator before investing because it prevents overspending. Another reason is that it saves time. The time wasted due to correcting errors from your calculations would be avoided.
The PiggyVest interest rate calculator is another way PiggyVest stands out from other saving and investment platforms. With the PiggyVest interest rate calculator, you can calculate your potential returns on investments and get a proper estimate. As you’ve seen earlier in this article, it also makes you save time.