Gone are the days when saving money meant earning minimal or no interest. Today,

saving is not only rewarding but also convenient, with no hidden fees—just an opportunity

to grow your money. Thanks to digital platforms, you can now earn interest on your

savings while managing your finances with ease. In this blog post, we’ll highlight five

digital platforms where you can save and earn interest, helping you maximize your

savings in today's financial landscape.

1. Bankly App

Bankly stands out as one of the best digital platforms for saving in today’s financial world.

With its impressive InvestPro plan, Bankly users can earn an exceptional 35% interest on

their first fixed deposit and 20% on subsequent deposits. This makes Bankly an ideal

choice for those looking to earn significant returns on their savings. In addition to the fixed

deposit plans, Bankly offers 15% interest on group savings and 12% on individual savings,

making it versatile for different saving preferences.

What sets Bankly apart is its user-friendly app, which allows you to set up your account in

minutes, start saving immediately, and earn competitive returns—all without any hidden

fees. Simply download the app and get started. Bankly is truly a top contender when it

comes to high-interest savings with convenience.

2. Kuda App

Kuda is a popular online-only bank offering two main savings features: the “Spend and

Save” plan and a fixed savings option. Both options provide up to 15% interest annually.

While it doesn’t offer the same high interest rates as Bankly, Kuda remains a convenient

platform for users seeking a simple, no-fee digital banking experience. Kuda’s app allows

for easy management of savings and finances, making it a solid choice for everyday

banking.

3. V Bank App

V Bank, owned by VFD Microfinance Bank, is another great digital platform for earning

interest on your savings. The app offers 12% interest annually, and all transactions are free,

whether you’re transferring funds within V Bank accounts or to external banks. This focus

on fee-free transactions, combined with a solid interest rate, makes V Bank a compelling

choice for savers looking for ease and simplicity.

4. TrueSaver

TrueSaver provides a group savings model, similar to the traditional Ajo or Esusu systems,

where users can save together and earn interest. The platform offers a 10% interest rate,

while on the Bankly group savings plan, you can earn a 15% interest rate on your savings.

However, TrueSaver still provides a good opportunity for those who prefer saving as part of

a group. The app encourages a disciplined savings approach, making it ideal for those

committed to group savings cycles.

5. PiggyVest

PiggyVest is one of the most well-known savings apps in Nigeria, offering a variety of

savings options, such as flexible savings plans and target savings accounts. With interest

rates up to 13%, PiggyVest allows users to set up automatic savings, track their expenses,

and achieve financial goals in an organized way. Its flexibility makes it a popular choice

for savers who want to save while keeping their finances in check.

6. Cowrywise

Cowrywise provides a range of savings options, including short-term, long-term, and

emergency savings accounts. The platform offers up to 12% interest on savings, and users

can also invest in mutual funds to diversify their portfolios. Cowrywise is perfect for savers

who want to set up automatic deposits and explore both savings and investment options

in one platform.

Thanks to digital platforms like these, saving has become easier and more rewarding. By

exploring the features and interest rates of each platform, you can make informed

decisions about where to save. Each app has its unique offerings, so by carefully selecting

the right savings platform, you’ll be on your way to maximizing your savings and

achieving your financial goals.