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Savings In Insurance Bank or Piggybank Which One Is Advicesable? - Business (2) - Nairaland

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Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by SILVERLINES: 2:14pm On Feb 18, 2022
wink

Umana Umana is better
Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by neutralmind: 2:15pm On Feb 18, 2022
Piggyvest. Better rates. More profits
Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by chloride6: 2:18pm On Feb 18, 2022
Lmao
Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by DannyFX2638: 2:18pm On Feb 18, 2022
The best place to save your money is usdt

1 Like

Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by Geeflow(m): 2:18pm On Feb 18, 2022
obembet:
Good morning Nairalanders,

I work in a very reputable company and my salary is good at my age, I spent money alot on unnecessary things. A friend of mine always advice me to save because things might not be keep rossy like this in future which I don't pray for . So I think it's best for me to have a reserve because of raining days.

I always wish to have discipline account Which I will find it difficult to touch no matter the challenges, but all my calculations is not working, am not lucky when it come to all this akawo or Ajo ( daily contribution or cooperative savings), most of them always get issues when it come to my turn to collect. .

I don't know if it's village people or luck. This has make me lose money in all this Ponzi scheme, MBA etc.

There some insurance agent that do come to my office and introduce thier savings scheme which I love thier benefits ( Tax rebate and life cover. I will not die now in Jesus name) but what people say about getting money when it come to maturity do scared me. A friend of mine lose over 6M in cash craft ( they are not insurance ).

I have several bank account, I know savings in bank is good but I can always terminate my contract whenever I need money they because they don't have charges.

So all this has been given me serious issue and I want to start saving this year.

Can I pick savings plan with insurance or I should just go to the bank?

Please invest in me, am a drycleaner and in desperate need of washing machine. I will pay you back monthly with 25 % interest.
Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by MartinsD12(m): 2:18pm On Feb 18, 2022
ibechris:
Instead of insurance put your money where your mouth is e.g save it in mutual account.

There and there,u will have peace of mind.
Their rate is currently at 8.33.

U can try ARM invest. Is a subsidiary of ARM pension.

Below is my account with them as at today.
8.3 per annum is too poor when branch is given 20% per annum , inflation in Nigeria is presently 15 to 16% any investment giving you below inflation rate is a devaluation of your money

9 Likes

Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by datola: 2:19pm On Feb 18, 2022
asiwajufela:
i work in a financial institution and i have lil idea to share..

Savings in Insurance company comes with life insurance but very lil interest

Money Market Funds is very cool too, no insurance for you but interest is very good.my company offers 8.2%


so any of these 2 is far better than Bank savings anyways

82% per annum?
Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by Enemyofpeace: 2:23pm On Feb 18, 2022
Boat of them are good, but GTB is the best
Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by ladycrane: 2:24pm On Feb 18, 2022
I will advise PiggyVest. I personally use it to save money. However if you want to increase your money over time, I use an app called Bamboo to buy foreign stocks. I started with $50 dollars last year and now my portfolio is work $120, small but it's a good start. I can teach you. Just WhatsApp my business line - 09058452535

5 Likes

Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by Ay04z(m): 2:24pm On Feb 18, 2022
Cowrise
Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by omotola90(m): 2:25pm On Feb 18, 2022
MartinsD12:

8.3 per annum is too poor when branch is given 20% per annum , inflation in Nigeria is presently 15 to 16% any investment giving you below inflation rate is a devaluation of your money
best advice here...branch international is the best out there...all these United capital bond,fbn quest sfs fund offers less than 11%....I have been using branch and they are the best out there....

1 Like

Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by viceddy95(m): 2:27pm On Feb 18, 2022
Piggybank is better ,me personally have been able to save 300kplus from the second week of Jan till yesterday..

3 Likes

Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by seyz91(m): 2:30pm On Feb 18, 2022
cheesy i wonder too oo
McGg:
So people even have money to save embarassed
Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by Flamzey00(m): 2:30pm On Feb 18, 2022
Amuluonyenaego:

But when you want to withdraw from piggy nko

We go put small hole on the side for easy withdrawal. Separate hole for separate purpose. The smaller hole for deposit lol
Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by saintnegroid(m): 2:30pm On Feb 18, 2022
obembet:
Good morning Nairalanders,

I work in a very reputable company and my salary is good at my age, I spent money alot on unnecessary things. A friend of mine always advice me to save because things might not be keep rossy like this in future which I don't pray for . So I think it's best for me to have a reserve because of raining days.

I always wish to have discipline account Which I will find it difficult to touch no matter the challenges, but all my calculations is not working, am not lucky when it come to all this akawo or Ajo ( daily contribution or cooperative savings), most of them always get issues when it come to my turn to collect. .

I don't know if it's village people or luck. This has make me lose money in all this Ponzi scheme, MBA etc.

There some insurance agent that do come to my office and introduce thier savings scheme which I love thier benefits ( Tax rebate and life cover. I will not die now in Jesus name) but what people say about getting money when it come to maturity do scared me. A friend of mine lose over 6M in cash craft ( they are not insurance ).

I have several bank account, I know savings in bank is good but I can always terminate my contract whenever I need money they because they don't have charges.

So all this has been given me serious issue and I want to start saving this year.

Can I pick savings plan with insurance or I should just go to the bank? go to prudential zenith in zenith bank and save your money... You can save monthly, quarterly,or yearly. It works on direct debit where your account can be debited without you going to the bank to make payment...

Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by hotwax: 2:35pm On Feb 18, 2022
There is assurance in insurance..insurance no dey crash...piggyvest can crash...

Don't compare the 2 abeg...you go school ba
Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by Codeye(m): 2:35pm On Feb 18, 2022
How to save small small. Where I will have no access for three months or so. That's what I'm looking at
Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by chymeze: 2:37pm On Feb 18, 2022
Don't save, rather invest! The value of the naira keeps depreciating each day. If you save #1000 today, in the next 1yr that #1000 might have depreciated to a value of #500. However if you must save, make sure you save in a foreign currency which is stable such as the dollar, pound or euro.
Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by Samuelnze(m): 2:38pm On Feb 18, 2022
Iseoluwani:
Save in ur acct for a while
Buy either of the following
Land Transportation business Food and drinks business Cloths line.
All this insurance whatever. OYO LO WA OO SAVING IT IN A BANK WHEN NAIRA KEEPS FAILING BE WISE
smart you...transportation biz make sense die.. its returns dey give joy overflow

2 Likes

Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by Uniqueaccountant(m): 2:40pm On Feb 18, 2022
SoapQueen:


I'll like to know more about this. Please, can you point me in the right direction? Perhaps a series of articles I can peruse.

Thanks.
I will teach you crypto. Chat me on Whatsapp. +1 267- 483-7781
Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by Juanmike(m): 2:47pm On Feb 18, 2022
Piggyvest is bae

1 Like

Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by dini2001: 2:47pm On Feb 18, 2022
Try branch ,gives 20% interest on ur money either weekly, monthly ......

1 Like

Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by Juanmike(m): 2:47pm On Feb 18, 2022
Flamzey00:
Money saved in a bank is irrelevant. Money saved in a piggy bank is better because no one is charging you for maintenance and service fees. Our country is cursed aje
What of piggyvest.
Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by Oshlander: 2:48pm On Feb 18, 2022
Currently, I use both Insurance and PiggyVest.

See, no investment is absolute in itself. Diversifying your investment is the way. Just like someone said on frontpage: Insurance gives you Life Cover on your savings with them but little interest, while PiggyVest gives you interest but no Life Cover.

Bank is a no no for me

1 Like

Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by Orenike: 2:48pm On Feb 18, 2022
I have the same problem as you op...try saving with the piggyvest app, try the 'safe lock" option, it'll force you to save and kill the temptation because by the time you set your safe lock date for 2 years, you won't be able to withdraw after that two years, if you like break your phone grin, you'll not be able to withdraw until the due date...Piggvest helped me to save because I'm not good at saving at all, any money I see, I just spend anyhow cry....

3 Likes

Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by waze63(m): 2:50pm On Feb 18, 2022
Effulgent:
Save in Dollars jeje

Get a Crypto account, or if you don't want something entirely online

get a physical wallet....

make your money no loose value

How can one get a physical wallet?
Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by ProJectAnatot(m): 3:01pm On Feb 18, 2022
dini2001:
Try branch ,gives 20% interest on ur money either weekly, monthly ......
Which branch? Is it the app? What's the name on playstore? Abi how do I go about it?

1 Like

Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by IamRegal: 3:03pm On Feb 18, 2022
saving is good, but preserving the value of what you saved is better and earning a little on it is best.

Saving it in Naira and earning interest is good, but due to inflation rate, the value is not preserved.

You can open a Crypto account on gate, Kucoin or Binance etc. Buy usdt and stake it for little ROI.

2 Likes 1 Share

Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by kulldrap(m): 3:10pm On Feb 18, 2022
Would you like to get 45% ROI of your capital investment? If yes let's talk privately
obembet:
Good morning Nairalanders,

I work in a very reputable company and my salary is good at my age, I spent money alot on unnecessary things. A friend of mine always advice me to save because things might not be keep rossy like this in future which I don't pray for . So I think it's best for me to have a reserve because of raining days.

I always wish to have discipline account Which I will find it difficult to touch no matter the challenges, but all my calculations is not working, am not lucky when it come to all this akawo or Ajo ( daily contribution or cooperative savings), most of them always get issues when it come to my turn to collect. .

I don't know if it's village people or luck. This has make me lose money in all this Ponzi scheme, MBA etc.

There some insurance agent that do come to my office and introduce thier savings scheme which I love thier benefits ( Tax rebate and life cover. I will not die now in Jesus name) but what people say about getting money when it come to maturity do scared me. A friend of mine lose over 6M in cash craft ( they are not insurance ).

I have several bank account, I know savings in bank is good but I can always terminate my contract whenever I need money they because they don't have charges.

So all this has been given me serious issue and I want to start saving this year.

Can I pick savings plan with insurance or I should just go to the bank?

Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by Sgbate(m): 3:14pm On Feb 18, 2022
No one mentioned cowrywise or mymint, have made my savings there before, no issue except once in a while service disruption on mymint though, anything wrong with these two that I don't know?
Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by ayenale1(m): 3:16pm On Feb 18, 2022
Can someone please break every good piggy vest down with its benefits and disadvantages...best app to download and invest with their benefits

1 Like

Re: Savings In Insurance Bank or Piggybank Which One Is Advicesable? by DEADALIVE: 3:24pm On Feb 18, 2022
Try oxfordvest...
Thank me later...

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