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Piggybank.ng Savings App Review by NLbully(m): 9:10pm On Jan 24, 2019
This thread is for the review of the new saving apps called PiggyBank currently thrending in Nigeria

The pros and cons will be discussed in details

Please note that the thread update might be slow due to network issues


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Re: Piggybank.ng Savings App Review by NLbully(m): 9:21pm On Jan 24, 2019

1: Great way to save and invest your money

Nigeria Banks nowadays are ripping majority off on their money

Due to unnecessary charges which includes but not limited to Sms monthly charges, But with Piggybank, your money will always be safe and intact without any sort of charges on your hard earned money

2: Great interest on your invested money

Piggybank provides 10% annual interest on the total amount of money saved in the App

The interest will be paid everyday till the 10% is complete

3: No withdrawal temptation

PiggyBank has a particular date you can withdraw your money from the App, which ensures that you don't get tempted to withdraw your money anytime without gaining any amount

4: Saving Goals

With Piggybank you can set your saving goals, whether individually or of you want to set a group saving goals (which is more like contribution) and PiggyBank adds 10% to your total savings at the end of the year

5: Withdrawable Referral Bonus

For any friend you refer you get a #500 bonus,which will be activated and Withdrawable when you deposit #1000 into your Piggybank account
Re: Piggybank.ng Savings App Review by NLbully(m): 9:30pm On Jan 24, 2019

1: You won't be able to withdraw your money immediately after investing:

There's a withdrawal date on your funds, in which you can only withdraw your funds in the date speculated

If you like to withdraw your funds before the date speculated,it will attract a penalty fee of 5% on the money you want to withdraw

2: Not so User Friendly App

The application and website both have a complicated user interface, which makes surfing quite hard

You have to explore and spend more time on the app to get familiar with the app.

3: Might be another MMM:

Though its not a Ponzi scheme, but people are still being cautious so as to avoid any form of fraud on their money
Re: Piggybank.ng Savings App Review by NLbully(m): 9:41pm On Jan 24, 2019
This is the end of the review

Feel free to add yours

And drop any question below

Download PiggyBank here and Get #500 for free

Cc lalasticlala Dominique

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