Clarathomp:


I know nothing about piggybank but I use cowrywise and I like it for these reasons

1. It's very user friendly. Everything about the website and setting up my account was easy, no hassles.

2. Responsive & helpful customer service. The chat message platform on their site is active.You receive a response to your questions or complaints within a few minutes of communicating it.

3. Remarkable client services. I like the articles they send me via email on financial matters. Cowrywise has helped to educate me and keep me well informed about finances, savings & investments through those articles.

I like to read so their articles are appreciated. If you don't like to read their emails may feel like a bother & a nuisance

4. They have different saving platforms, suitable for different needs.

I like, enjoy and appreciate their product & services. I will gladly recommend them any day, any time.

SenatorAiyzik:



Will you keep quiet! How much is it you want to even save sef that you are talking of trust?? Mtchew

theunnamed:




On top person money again

theunnamed:





In my case I didn't know what I was getting into, I just told the lady I wanted a savings account.

But just walk into any access bank and tell them you want to open a target savings account.

barristerzinny:
i already have a savings account with Access, it was my NYSc salary account back in 2016. So can it serve as a target savings or I need to open a new one?

spiritofthedead:
So my question is how does one cowrywise

femi4:
What is cowrywise? That's not popular

Chukwudaalu:
I use CowryWise though, and I've had no issues with them.
You can't withdraw anyhow you like. And there's an interest rate of 10.5% P. A
I have no idea of how Piggybank works. But I think it's also reliable, based on the above comments. The Choice is yours.

vivaciousvivi:

Pls explain what cowrywise is.
Never heard it before.
In the meantime, I would advise you critically weigh both options as per pros and cons and pick for yourself.

mummyz:
Hi, i just saw this article today and decided to share my view tho before i started saving i went trough lot of research and write up but this was the write that confuse me, read below.....

WHY I MOVED MY MONEY FROM PIGGYBANK TO COWRYWISE
Please note that both Cowrywise and Piggybank have made changes to their platforms since I wrote this blog post.

You might remember my blog post where I spoke about saving with Piggybank. Well, I have moved the money I saved there to Cowrywise and I want to explain the reasons why; I cannot recommend something, stop using it and then not inform my blog readers. So here are the reasons I moved my money from Piggybank to Cowrywise:

Higher Interest Rate: I am all about making my money work hard for me so this is of course the number 1 reason why I moved my money to Cowrywise. While Piggybank offers an interest of 6% p.a. when using the Autosave option, Cowrywise offers an interest rate of 10% p.a. Cowrywise also pays interest daily which means the effective annual rate of return is actually higher than 10% while Piggybank pays interest every 3 months. And while Piggybank offers an interest rate of up to 10.95% (when you lock the money away for a year) when you using the SafeLock option, Cowrywise offers an interest rate of up to 15% when you lock away your money with them for a year. I could really end here and this would justify why I moved my money.


No penalty on withdrawals: If you read this post I wrote for DailyKobo, you will see that one of my financial goals this year is to increase my emergency fund. It was not something I focused on as much last year because I was paying for ICSAN classes and exams but I have no excuse this year. Therefore, the fact that Cowrywise has no penalty for withdrawing at any time is great because it means I can use the platform to build my emergency fund and know I can have access to it without being penalised if I have to withdraw money because an emergency comes up. While I was using PiggyBank I had to keep my emergency fund in a regular savings account because Piggybank penalises your interest if you withdraw on any day other than 4 set days in each year. An emergency fund has to be extremely liquid and Cowrywise gives me that. I am very disciplined about my savings and investment goals so I am not worried that having no penalty on withdrawals will cause me to withdraw my money arbitrarily.
So I get to grow my emergency fund at a faster rate because I am using Cowrywise. P.S. I also prefer the layout of the Cowrywise website over that of Piggybank. Do you use Cowrywise or Piggybank to save? If you do, why did you pick one over the other? I know some people do not like the fact that Cowrywise does not have an app but I do not mind.

DivineIsGreat:
Any interests rate on this

...I need to start saving for my girl's education from now.

Offpoint:
Open a new bank account and don't issue for ATM, don't use mobile banking app and don't use USSD.... you're good to go.

Olayinka777:
I totally disagree!
In Nigeria instead of the money u have in your bank account to increase reverse is the case by way of SMS charges etc. U collect ATM or not.
I recommend Cowrywise because I use them and they are highly trusted and cool.

eagleae7:


Just a new savings account, don't request for ATM, sms alert(email statement is good enough)..., you can also ask for a debit freeze on the account. This way you can't withdraw from the account except you deactivate the debit freeze.
You'll also have 6% intrest depending on your bank

aezenkwu:
I use cowrywise and they are okay

Simran94:

Hello, do you still use cowrywise?

W3xy1:
I use piggybank too

djdeafearz:

Say I start with a 100k how much interest will I get monthly

kaibamapolia:


12.44% is for safe lock. core saving and chanllege is 10%

officialfestus:
monthly?

godblessenugu042:
nope...that the interest rate per anum. Say you save up to 100k, you will get 10k at the end of the year at 10% interest rate.. 5k in 6 month at the same interest rate ..you can do the math of how much you will get in a month

Druss:
What is the cowrywise rate now? My wife is interested in it. If it is a personal investment app, I am not so thrilled as I handle my own investment.