Best Apps For Savings

Saving money is a big deal. Whether you’re trying to build up a rainy day fund or save up for a trip, it can be hard to know where to start.

The apps on this list will help you cut down on spending and make sure that every dollar you have goes as far as possible.

We’ve picked out the best apps for savings, each with their own benefits and drawbacks.

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Best money-saving apps - NerdWallet

Best Apps For Savings

Money-saving apps can make the process of saving money easier over time. You can fill your piggy bank automatically so that savings goals can be met without stress. Check out a few of our favorite apps below.

at Acorns

Acorns: Best for investing

Sweeps spare change into an investment account.

Invests money in a portfolio based on income and goals.

Savings Account
Qapital: Best for goal setting

Rounds up change to the nearest dollar and moves it into savings associated with a goal.

Allows specific goals to be set and named.

Digit Savings Account
Digit: Best for simplicity

Calculates what you can save, sets it aside.

Includes a savings bonus every three months.

Marcus by Goldman Sachs logo
Member FDIC

Marcus by Goldman Sachs Online Savings Account


Min. balance for APY

Capital One logo
Member FDIC

Capital One 360 Performance Savings™


Min. balance for APY

Alliant Credit Union logo
Federally insured by the NCUA

Alliant Credit Union High-Rate Savings


Min. balance for APY

Synchrony Bank logo
Member FDIC

Synchrony Bank High Yield Savings


Min. balance for APY

American Express National Bank logo
American Express® High Yield Savings Account


Min. balance for APY

Money wins start with game plans
Find ways to save money with your cash, cards, and bank accounts all in one place.

  1. Acorns
    Best for investing

at Acorns

How it works: Acorns is an investing app that rounds up your purchases to the nearest dollar and automatically adds the difference — taken from a linked spending account — to an Acorns investment account. That money is invested in a portfolio based on your income and goals, and you’ll earn a return on the investment.

A basic Acorns account costs $3 a month, and includes a checking, investing and retirement account,, and (There is a $5 monthly fee option if you add investment accounts for kids). Each Acorns portfolio is composed of exchange-traded funds (generally a basket of stocks and bonds), with options that range from conservative (having a higher percentage of bonds) to aggressive (having a higher percentage of stocks). There are also sustainable portfolios featuring companies that meet environmental, social and governance requirements.

Perk: If you make purchases using a promotional bonus offer from one of the company’s partners — such as Apple and Walmart — and use a linked card, the partner gives back to your Acorns investment account.

Downsides: Because investments are not guaranteed, your balance may shrink if there’s a dip in the investments where you’ve allocated your funds. It can also take several days to withdraw money from your account because shares in the invested ETF must be sold first.

» Want to learn more? Check out NerdWallet’s review of Acorns

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  1. Qapital
    Best for goal setting

Savings Account
How it works: For $3 a month, Qapital lets you set rules to automate savings. For example, every time you spend money from a linked funding account, Qapital can round up the total to the nearest dollar (or more) and move the amount into a goal account held at a partner bank that is insured by the Federal Deposit Insurance Corp. Or you can contribute a set amount to your fund on a regular basis. You earn 0.10% interest — which is low for an online savings account, but not a bad rate for checking. Qapital also offers premium memberships that let you set rules to automate investing, but they cost more.

You’ll need an outside checking account to link to Qapital and fund your goals. Withdrawing money from a Qapital account takes one to two business days.

Perks: You can set and name goals. Qapital’s Premier membership also gives you the ability to create a Dream Team, where you can choose balances and transactions to share with family and friends, and make instant transfers to that person’s Qapital account.

Downsides: You need to be a member to use the app, and there are three levels of membership that cost $3, $6 or $12 per month, respectively. Higher tiers offer a debit card and more customization features. Also, while the Qapital Spending account’s debit card is free to use for transfers and purchases, there may be fees for using ATMs. (Qapital won’t charge you, but the ATM owner might.)

» Want more options? Check out NerdWallet’s favorite high-yield online savings accounts

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  1. Digit
    Best for simplicity

Digit Savings Account
How it works: Digit calculates what you can save based on your spending and income patterns in a linked bank account. Then it transfers money that you can spare into an FDIC-insured account. There’s a 30-day free trial period when you sign up for Digit, but after that, it costs $5 per month.

Perk: You’ll earn a 0.10% annualized savings bonus paid every 90 days, based on the average daily balance kept in your Digit account during that period.

Downside: While you can set balance limits, you don’t generally control the exact amount Digit transfers each day. This means Digit auto-savings could theoretically cause an overdraft in the external account. To avoid this, you’ll want to pay careful attention to your balance and transfer patterns. You also have the option to pause Digit transfers. In addition, Digit will refund up to two overdraft fees triggered by such transfers.

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Using apps to save money
If you find it difficult to build a savings balance, using an app that automatically does it for you can be a good first step. Getting yourself in the habit of regularly putting aside some money — and seeing your balance compound and grow — can put you on track to successfully managing income and expenses. (Read more about how compound interest works.) Once you have some money set aside, you can take the next step and open or contribute to a regular savings account.

How to open a savings account
If you don’t have a savings account, you can open one by submitting an application, either online or at a bank branch. You’ll need to provide your Social Security number and contact information, along with at least one form of identification, such as a driver’s license or a passport. (For a joint account, everyone wanting access to the account must provide this information and ID.) You generally can deposit money with cash (if in person) and by check, as well as with a bank transfer from an existing account.

How much should I have in savings?
For a savings account that holds your emergency fund, work your way toward covering three to six months’ worth of basic living expenses. You can start small — having just $500 saved can help you pay for some financial emergencies without going into debt.

For short-term needs, having multiple savings accounts or one that’s divided into “buckets” can be handy, especially if you’re tucking away money to reach specific goals, such as a vacation. But once you have a buffer for emergencies, try to begin building a retirement account with investments, where those dollars will earn more than they would in a savings account.

Calculate Your Savings
Ready to build your bank balance? Check out our savings calculator to find how much you can save.
» Looking for more options? Read NerdWallet’s picks for the best high-interest accounts

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  • See a summary of our best money apps for saving and investing
    Best money apps for saving and investing
    Acorns: Best for investing

Qapital: Best for goal setting

Digit: Best for simplicity

best saving app with interest

Are you looking for the best money saving apps, investment platforms and online websites in Nigeria with good interest rates?

If YES, this article is only what you need to read today.

Despite the challenges with putting money aside for the rainy day, saving improves our financial situation over time and makes it easier for us to accumulate wealth.

Saving your money gives you more freedom and opportunity; for example, it allows you to invest more, go on more vacations, and be a more generous person.

Saving money has finally become easier, thanks to online money saving apps and websites in Nigeria (most of which are available at your fingertips) that have stepped in to make saving easier and more acceptable to Nigerians.

With these apps, you can save your money without going to the bank.

I’ve provided a comprehensive list of the best money savings apps to help you budget, save, invest, and manage your finances.

With lots of money-saving apps available, the only thing you’ll need to do is to sign up and link a credit card and start saving.

So, ensure to take your time and read to the end to avoid making the wrong choices.

Getting started…

What are Money Saving Apps?
Saving is basically setting aside a percentage of your earnings.

This percentage can take up projects, make investments, and also serve as a provision to take care of unforeseen occurrences.

Money saving applications are mobile tools and online platforms designed to automate saving letting interested individuals and businesses to easily save, invest and earn good interests without needing to visit a bank.

Features of Good Money Saving Apps
A good investment and money saving app must:

Have a strong security level
Be mobile friendly
Have good savings and payment options
Have a considerable interest rate
Be fully registered with the proper agency
Not have hidden charges
Have fair customer’s policies
Have terms and conditions for its customers
Money Saving Apps Advantages
These are some benefits you get in using the best investment and money apps in Nigeria.

24/7 accessibility
Ability to save and earn interests in naira, dollars and various cryptocurrencies
Apps are available for Android, iOS, and Windows phone
Apps ensure savers remain disciplined by using penalty charges on early withdrawal from your savings as an incentive
Automation of hard work, and all you have to do is take advantage of the savings
Flexible payment and saving options – the type that works best for you depend on your current financial position and your goals
Having money saved up can give some peace of mind and also gives you options
Investment of your money in various projects (such as education and agriculture) for long-term growth and savings
No paperwork required
Offer really high-interest rates compared to the low interest rates of some banks in Nigeria
Requirements Needed to Save Money Online in Nigeria
These are some requirements and documents that you need to provide before you’ll be able to save your money online using various apps/platforms.

You must be above the age of 18 years old
You must have a Valid ID card for verification (National ID, Voters Card or Passport)
You must have a Bank Account and Bank Verification Number (BVN)
Steps to Save Money through Online Apps in Nigeria
Here is a quick step to save and invest your money successfully through any money saving apps in Nigeria:

Choose and download the saving app(s) of your choice from Google Playstore or iOS store.
Install the app on your phone. Open the app, register with your correct details and any document needed.
Check interest rate (if available) and choose your preferred saving options (amount and duration).
Confirm, submit and make payment and then allow it to be processed.
Once approved, the cash equivalent will be debited from your bank account and your saving plans will be updated.
Top 6 Money Savings & Investment Apps for Nigerians

  1. Carbon

Carbon Saving App

Opening an account and saving with Carbon ushers you into a relationship with one of the most secure digital banks insured by NDIC and certified by CBN.

Carbon offers savings plans that are suitable for anyone in Nigeria.

With Carbon, you can easily create a bank account, create physical debit cards and virtual cards in Nigeria.

Interest rates offered by Carbon beat the ones offered by traditional banks. You save, and it’s grown.

You can create automated inflows into your investment plan at your own chosen time of the month.

With Flexsave investment option, you can invest as little as ₦100 to ₦100,000,000, and investment tenors range from 28 days to 366 days, annualized interest rate is 8% for unlocked and 9% for locked savings plan.

With Cash Vault Savings, qualifying savings amounts range from ₦50,000 to ₦100,000,000, interest rate ranging from 9.5% -11% annualized and savings tenors are 3, 6, 9 or 12 months.

  1. V Bank

V Bank Saving App

V bank owned by VFD Microfinance Bank is another digital bank in Nigeria that offers people the ability to save and get high interest on their savings.

You can open a V bank account in 2 minutes with just your smartphone.

With a V account, you can expect a streamlined digital and mobile banking experience, with ease of access to your accounts, swift and secure transfers, withdrawals and bill.

You can take charge of your banking. No confusing charges, no paperwork and everything happens on your phone.

The V app allows its users to track their expenses and income, group budgets, and set spending limits.

To get started – Just download the app from Apple store or Google Playstore, open and activate your account in 2 minutes with your BVN and phone number.

V Bank will give you up to 8% compounded interest per annum on V Target Savings.

  1. Kuda Bank

Kuda Bank Saving App

Saving money can be hard. We’ve been there. But there’s an easier way you’ll love. It begins with downloading Kuda.

Kuda Bank is a free, digital-only bank with a microfinance banking license from the Central Bank of Nigeria.

With no paperwork needed, you can open a bank account in minutes with this app.

Because Kuda is a digital-only bank, all its operations happen through smartphones.

Kuda includes tools for tracking your spending habits, saving more, and making the right financial decisions.

Kuda Customers get 25 free transfers to other banks every month. Extra transfers to other banks cost ₦10 each.

Kuda account holders can deposit money in over 10,000 branches across Nigeria for free.

The platform has over 1M+ downloads and 4.4/5 rating on Google Playstore.

Kuda Features

Spend+Save – Is an exclusive feature that saves money for you automatically every time you spend from your Kuda account. To use this feature, set a percentage to save when you spend. You can withdraw from your Spend+Save savings.
Flexible Savings – You can save towards a goal and earn up to 10% interest.
Fixed Savings – You can use this and save a lump sum for a fixed time and earn up to 15% interest.

  1. Cowrywise


Cowrywise is a finance management system that lets you save and also invest your hard-earned cash.

Cowrywise takes away the stress and planning required to save and invest regularly through its automated and easy-to-use platform.

Your savings also generate interests until a set maturity date.

You can use Cowrywise to plan towards your dream home, kid’s education and travel the world.

Cowrywise is suitable for anyone who:

Never want to miss their saving and investment goals again.
Wants to save and invest even while they are asleep.
Wants the discipline to keep their savings and investments for a long period without tampering with them.
Wants to plan their financial goals with easy-to-use financial tools.

Types of savings and investment plans available on Cowrywise include:

Regular Savings. With this, you can set your savings plan to be daily, weekly or monthly for a minimum of 3 months. You need only to specify this once during the setting up of your plan and Cowrywise will ensure this money is saved automatically on those specified days into your Cowrywise savings plan. You can also choose to manually top up your savings plan randomly with other amounts outside the automated scheduled amount.
Life Goals. These plans help you meet commitments to long term financial goals. These are like periodic plans but they have a minimum maturity period of 1 year.
Halal Savings. These are for Muslims who don’t want to earn interest on their savings. They can be set up as periodic plans, life goals, save as you earn plans or fixed plan; but they won’t attract any form of interest.
All dreams count, so you can create as many plans as you wish – Housing Plan, Car Plan, Wedding Plan, Education Plan, Children Plan, Vacation Plan and so on.

You have the flexibility to give each plan a unique name that resonates with your financial goals.

There is a minimum duration of 90 days and no maximum time limit in keeping your savings and investment with Cowrywise.

  1. Binance


Binance is a popular, trusted and one of the world’s largest exchange platforms boasting of over 6 million users from over 180 countries and allows you to buy, sell, save and invest daily, weekly or monthly in various cryptocurrencies including Bitcoin, Ethereum, Litecoin, Dogecoin, Cardano, Polkadot, Ripple, Binance Coin (BNB) and more in Nigeria.

Binance provides its services to its users by offering support for multiple languages (37 at present).

With the fluctuation of the Nigerian Naira (₦), using Binance you can easily convert and save your NAIRA into DOLLARS (via stable coins such as USDT and BUSD) and withdraw it anytime you want.

It isn’t wise to leave all your hard earn money in bank accounts that’s is always regulated by the Government and getting unnecessary bank charges and card maintenance fees.

You can buy and sell cryptocurrencies using your credit/debit cards, bank transfers and peer-to-peer exchange.

Binance has one of the lowest trading fees among crypto exchanges, which is just 0.1%.

Another amazing fact about the Binance platform is if you’re beginner with no knowledge on cryptocurrency, you’ll provided with free quality materials, tutorial videos and 24/7 support which will enable you easily use and benefit from the platform.

  1. PiggyVest


Formerly known as Piggybank, PiggyVest is the first online “Savings and Investment” app in West Africa.

PiggyVest is on a mission ‘to give everyone the power to better manage and grow their finances’, and they intend to be the best at this.

Since launching in 2016, over 2,000,000 people are using PiggyVest to manage their money better, avoid over-spending and be more accountable.

You can choose to save little amounts of money periodically (Daily, Weekly or Monthly) towards a specific target OR lock away funds for a specified period.

Stress is taken away by combining simplicity, discipline, convenience, and flexibility to enable you to manage your finances better and achieve financial freedom.

There are no bank charges for transferring money to your PiggyVest account.

You can ONLY save between: N50 – N50,000 daily, N1000 – N200,000 weekly, or N3,000 – N500,000 monthly

However, you can always top up your savings using the Quicksave option which allows you to add up to N500,000 per time.

4 Ways To Build Your Savings

Earn 5%-15% when you save with any of these PiggyVest plans.

Piggybank (Automated Savings)

Build dedicated savings faster on your terms automatically or manually.

Safelock (Fixed Savings)

Lock money away for a fixed duration with no access to it until maturity. It’s like having a custom fixed deposit.

Target Savings (Goal-oriented Savings)

Reach all your savings goals faster. Save towards multiple goals on your own or with a group.

Flex Naira (Flexible Savings)

Save, transfer, withdraw, manage and organize your money for free.

To save on PiggyVest:

Visit the website HERE to create an account.
Provide the required details including your correct name, email address and BVN.
Set up your withdrawal account details; this is the bank account that funds you withdraw will get sent to.
Enter your debit card details to activate your account and then make your first deposit. (You may use a MasterCard, Visa or Verve card from any Nigerian bank).
You may now use any of the Savings Plans to start your daily, weekly or monthly savings.
If you’re smart (which I know you are), immediately take action today and create your account using the link below and get your FREE ₦1,000 to save.

⇒ Use this Special Link to Create Your FREE PiggyVest Account NOW!

6 Best Money Saving and Investment Apps in Nigeria
Here are the best money saving apps in Nigeria:

Kuda Bank
V Bank
What are the Best Money Saving and Investment Apps in Nigeria?
The best money saving apps in Nigeria depend on your requirements, app trustworthiness, the amount you want to save and the interest rate offered.

From my personal use and users review, the best money saving app in Nigeria is PiggyVest.

Join PiggyVest Now

Whether you are concerned about your finances, or just want to grow your net worth and portfolio, there are apps out there that can help you succeed.

If you are serious about impacting your financial picture, I’d recommend checking the ones out that make the most sense for your life.

I spent several hours researching each money saving and investment app on this list, so you can trust the integrity of the content.

There were several additional apps that I considered adding to this list, but ultimately choose to not add because of the app being poor quality and outdated.


Let us know your thoughts in the comment section below.

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