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The cure for a lean purse includes the following:
1. Start fattening thy purse: saves one out of every gold (money) you earn
2. Control your expenditures: do not spend more than ninetenth of your earnings
3. Make your gold multiple : put each coin to labouring that it may reproduce its kind even as the flocks of the field. (investment and multiplying your source of income)
4. Guard your treasures from loss. By invinvesting wisely where you are sure to get your principal and interest.
It has been proven after many years of studying
the poor and wealthy the single difference is their ability to have multiple
source of income and determination to save, Piggyvest has assisted to resolve this differences. Please read on.
PiggyVest (formerly piggybank.ng) is a simple app that helps you save
and invest with ease.
With PiggyVest, you will curtail unnecessary expenditures, put away or grow
funds that you do not want to touch for a specified period. You can choose a
convenient method of saving your money either daily or weekly or monthly.
When you create an
account with piggyvest, you are provided with 5 wallets namely: safelock, flex Dollar, flex-Naria,
investify, and target saving. Let me explain how you can benefit from
these wallets.
The interest paid for
each wallet is as follows:
1. 10% per annum on Piggybank
2. Up to 15.5% per annum on SafeLock
3. 10% per annum on Target
4. 10% per annum on Flex Naira
5. 6% per annum on Flex Dollar
6. Up to 25% on Investify
SafeLock is like a fix deposit account, the difference is that you
are paid the interest up to 15.5% per annum as you invest, you need not wait
for maturity. But you will not have access to the capital until funds maturity.
The duration is between 10 and 1000 days.
You can have more than one safelock, a SafeLock for your Fees, Wedding; Birthday; Vacation etc.
SafeLock
interests are prorated and paid for the duration you set.
On funds locked for:
o
10-30 days, the
interest is calculated at 6% per annum and prorated for the duration you
set.
o
31-60 days, the
interest is calculated at 8% per annum and prorated accordingly
o
61-90 days, the
interest is calculated at 10% per annum and prorated accordingly
o
91 days- 2 years, the
interest is calculated at 13% per annum and prorated
accordingly.
o
2 years and above, the
interest is calculated at 15.5% per annum and prorated accordingly.
The minimum amount that may be kept in SafeLock is N1000.
Investify is a PiggyVest feature that allows users to earn more on their savings by
investing in pre-vetted, low-medium risk, primary and secondary investment
opportunities.
Piggyvest ensure that each investment listing on PiggyVest comes with its own protection and coverage. To make sure
your money is secured.
Interest paid on investment varies on the
opportunity you're choosing to invest in. you can earn up to 25% on investment.
Your interest could be paid daily, monthly, quarterly OR at the end of the
investment period into your PiggyFlex account
Target Savings, you are able to save consistently towards a
particular financial goal. You can create a personal target, a Group savings
challenge with your multiple users or join an existing challenge group.
You can use an
autosave, in which a you can decide to save daily, weekly, or monthly. The
choosen amount will be automatically withdrawn from your account to the your
target saving, you do not need to bother yourself or you may use quick save, in
which you have to fund your target save wallet manually. You can save for your
rent, vacation, a new gadget and even towards starting your new business with
Target savings, and earn more money while at it!
For example if your
house rent is 300,000, you can decided to save 25,000 monthly to achieve that goal.
300,000/ 12months = 25,000.
To encourage their
customers, piggyvest pays an interest of 10% on target achieved.
You can choose to only save between;
₦50 - ₦50,000 daily,
₦800 - ₦200,000 weekly,
or ₦3,000 - ₦2,000,000 monthly
with PiggyVest
A Flex Naira account is a flexible savings wallet where
interests earned on all other PiggyVest wallets are paid into.
You can fund your flex
naira through your credit card, USSD, ETC using the providus account number piggyvest will give you, it is recognized by all banks
You earn an interest
of 10% per annum on funds in your flex account, for your money just sitting on
your flex account unlike banks that paid less than 6%. You can fund your Piggybank, Target, Safelock, Flex Dollar or Investify using funds in your Flex. You can also transfer money to
Nigerian bank with your flex naira.
Flex Dollar is a feature that lets you save, invest and transfer funds
in Dollars. This is a sure means of securing your money against the constant fall of the currency against Dollars. There are no charges
for withdrawing into your Naira account from your Flex Dollar account.
However,
payments into domiciliary accounts attract charges which are stated on the
platform.
6%
interest is paid for your money sitting in your Flex Dollar
Piggyvest takes away the stress by combining simplicity,
discipline, convenience, and flexibility to enable you to
manage your finances better and achieve financial freedom.
The capital used in creating the account will be given you once your account is verified.
Follow the link below to
create a free account and enjoy the numerous benefits list above and more.
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