HOW TO SAVE FOR CHRISTMAS ON INVESTA.NG



Felix Navidad! Santa Claus! Father Christmas! Merry Christmas!

These words will soon be among the most spoken words on earth in a few months, and that is because Christmas is a holiday that is generally accepted as a period of fun, joy, laughter, and merriment with family and friends.

In Spite of this, some people spend their Christmas in sadness and gloom.
WHY? You ask? The answer is simple: lack of money.

You see, it is no longer news that Christmas only really makes sense when you have some money to spare. But the truth is that it is not easy to keep your money until Christmas when you have multiple bills waiting to take the last money from your hand.

At Investa.ng, we want your 2021 Christmas to be memorable and that is why we have launched a program to help you get the best out of the coming holiday.

Ladies and gentlemen welcome to the Investa December/Christmas savings challenge.
The purpose of this challenge is to help you save your money from September 1st to December 20th.
Guess what? We will not charge you a dime for saving with our platform, instead, we will add interest on whatever amount you save.
AMAZING RIGHT? I know

One other thing, the saving challenge is very flexible: you can save as little as N10, 000 (For students).
Other options include:
N50, 000
N100, 000 and
N200, 000

These amounts will be broken down into four months: September, October, November, and December. For example, if you are saving N10, 000, that will be savings of N2500 monthly.

We want to ensure that everyone can be part of this challenge, irrespective of your financial level right now.

Enough said, time to take action
Choose the savings category that you want to be part of now and let's get started.

To get started, visit investa.ng or follow Investa on Instagram at instagram.com/investanigeria

For those paying attention, it is no longer news that FINTECH (Financial technology) is one of the fastest rising areas of technology globally.
Nigeria being the most popular black nation on earth is not left out of this trend. Presently there are hundreds of new startups dedicated to this field of technology in this nation, a fact which in itself, is a testimony to the popularity of this field.

Amongst the numerous startups, only a few stand out, and it is from these selected picks that we are going to contrast two of the most influential financial technology companies present in Nigeria.


INVESTA VS PIGGYVEST

Investa was founded by a group of programmers and ex-bankers who identified the need to add more value to a field that is already enriching the lives of Nigerians.

Their amazing strategy is simple: giving more- more investment opportunities, more interest in savings and investments, and more features for users.

In less than a year, they have gained so much recognition and have helped so many people save and invest properly. It shows that giving more wasn't a bad strategy after all.


Pigyvest on the other hand has been in the game longer than their counterpart. They started operation in January 2016 as an online savings platform only, but after three years of operation, they added investment to their services.

In contrasting these two fintech service providers, we will be examining some of their key features.


PIGGY VEST SAVING FEATURES


Piggyvest offers an array of saving options which includes:

SIMPLE SAVINGS: this feature allows you to keep your money in a secured platform until it is needed. With this feature though, you are only allowed to withdraw every three months.

TARGET SAVINGS: this feature allows you to save for a goal. This goal might be a car, rent, school fees, travel expenses, amongst others. As the name implies, with target savings, you are only allowed to withdraw your funds when your target has been reached.

SAFE LOCK: this saving feature is for those who want to keep their money safe for long without having access to it, and without fear of losing it.

FLEX DOLLAR: this is a new feature that has been added to the platform: this feature allows you to save and invest in dollars with an interest of 7% per annum.

Visit piggy vest to find out more: https://www.piggyvest.com/





INVESTA.NG SAVING FEATURES



Investa.ng has an interesting list of options for their users in the savings category.

FLASH SAVINGS: this is perhaps their most popular saving feature: it is divided into two parts: just savings and goal savings. With just savings, users can keep their money safe on the platform for as long as they want while enjoying interest up to 25%. With goal savings, users can save for a specific goal in mind: this feature is very similar to target savings. The platform monitors your progress until your goal is achieved and not only does that but also gives you interest up to 25%

SAVING IN DOLLARS: Investa.ng also offers you the opportunity to save in dollars and enjoy the corresponding interest in foreign exchange. The amazing thing about this investa.ng feature, is that the user’s money doesn’t decrease if there is a decline in the value of dollar, the platform automatically takes your savings back to the original amount, but if there is an increase in the value of the dollar, it is reflected in the user’s savings. So it is a sure win for the user who saves in dollars using the investa platform.

To find out more about Investa, and to start saving, visit: https://investa.ng/





INTEREST RATE


When it comes to interest rates, Investa.ng has an upper hand. While Piggy Vest offers up to 10% and 13% o savings and investments, Investa.ng offers up to 25% and 45% on savings and investments (depending on the length of the savings and investments though)


INVESTMENT OPTIONS

Piggy Vest offers an interesting array of investment options in tech, agric, business, and others. Their interest rate varies across each investment.

Investa.ng on the other hand, has a defined list of investment options for their users with the interest rate defined. Users can either invest in Agriculture with an interest rate of 20%, in technology with an interest rate of 25% or in Government bonds with an interest rate of 4%.


CUSTOMER SERVICE


Both platforms have amazing customer service but here Investa.ng also has an advantage with their live chat feature which is embedded in their website. With this feature, users and prospects can chat with the technical and customer service departments on whatever questions and concerns relating to the platform.


FINAL WORDS


I’ll give both platforms a 5-star rating for their amazing business model and customer experience. That being said, I will also doff my hat to the Investa.ng team for not only competing effectively but also surpassing their predecessor in some key areas. Perhaps it is the fact that they are the newer kids in the block in this scenario, which should account for their initiative in taking the extra step.

PIGGY VEST: https://www.piggyvest.com/
INVESTA.NG: https://investa.ng/

INVESTA.NG ONLINE SAVINGS PLATFORM

Number one on my list is Investa Nigeria. There are a couple of reasons why Investa occupies this top spot. Apart from having amazing and unique features which we will be looking at, Investa is top on my list because it offers the best interest rate, offers affordable loans (I hear this feature is moving out though), offers automated savings, and there is this Women In Money feature on Investa that bring women together to mutually save and challenge each other to achieve financial liberation (Talking about women supporting women, Investa.ng got this locked down).

Investa Investment Feature
Also on Investa.ng the investment feature is just too good. There is a low-risk investment of 4% and the investment up to 45% interest. Personally, I love the invest in tech, invest in agriculture and invest in government bonds Investa Nigeria offers and target saving option of investa.ng called Flash savings.
They might not be the oldest kids in the block but these guys have a bag of tricks that will blow your socks off.
Some of their amazing features includes:
• Automated savings
• Virtual bank account
• Direct savings on Investa.ng from your banking app
• Investment for start-ups
• Investment interest rate. up to 45%
• Partnerships with finance MSME experts to train their users
• Smart savings and easy investments
• Flexible savings and investment plans
• Guaranteed security
• Impressive interest on savings up to 25%
• Specific savings and investment schemes for niche audiences: students, teachers, women, and others.
Visit INVESTA to start your online savings and investments journey.

2. PIGGYVEST

Piggyvest is similar to Investa Nigeria a popular name in the list of online savings platforms in Nigeria. Their unique service, a combination of amazing marketing strategy and amazing offers, secures them a runner-up spot on this list. The truth is they would have made it to the top of the list but for the game-changing offers that Investa.ng brings to the table.

Some of the unique features of this online savings platform in Nigeria includes:
• Piggybank
• Target savings
• Flex dollars
• Flex naira
• Safe-lock
• Impressive interest on investment. Up to 15%


3. ALAT BY WEMA

ALAT by WEMA is among the amazing online savings platforms in Nigeria that is making a lot of wave. With backing from a major bank, ALAT is properly positioned to take advantage of an already hot market and a pre-existing client base.

Some of the unique features that makes ALAT stand out amongst other online savings platforms are:
• Direct link with WEMA bank
• Ease of registration
• Easy payment structure
• Saving goals
• Instant loan


4. KUDA BANK

This is one of the top online savings platforms in Nigeria is known as the only licensed online bank in Nigeria, KUDABANK entered the financial space at the perfect time. With their popular statement: we are the bank of the free, it is not difficult to see why they are on our list.

Some of their amazing features include:
• Free debit card
• Smart budget
• Ease of access to both savings and investments
• Free transaction service
• Automatic savings with 15% interest
• Send money without an account number
5. COWRYWISE:

This list will not be complete without Cowrywise, another one of the new online savings platforms in Nigeria. They are among the new kids on the block making a lot of difference. One of their major selling points is their target online savings program.
Some of their amazing features include:
• Beginner-friendly
• Partnership with top finance experts
• Simplicity
• Excellent customer service
• Smart savings and easy investments
• Guaranteed security
• Flexible savings and investment plans
• Ease of collaboration
• Free planning tools
Each of these online savings platforms has unique features that guaranteed them a spot in our list. Some of these features are common denominators across most of these platforms, while some are unique to specific online savings platforms.
Feel free to go through each of them to get a personal feel and opinion, but if I am to rate these five amazing service delivery platforms, I will definitely recommend Investa. Not just because I have used and benefited from it personally, but also because in my opinion, it addresses consumer’s salient issues beyond just savings. It also has amazing niche programs that are tailored to specific audiences.
These coupled with their amazing marketing, and customer service makes them the go-to for anyone looking to benefit from the new wave of online savings and investments.