Top Apps for Automated Savings and Investment Returns in Nigeria

For millions of Nigerians, saving money consistently has become increasingly difficult due to rising living costs, inflation, and unstable income patterns. According to reports from the National Bureau of Statistics, more than half of working Nigerians live paycheck to paycheck, meaning that even the smallest unexpected expense can disrupt their financial stability.

However, technology is changing the game. Automated savings and investment apps in Nigeria now make it possible for anyone, whether a salary earner, freelancer, or small business owner — to save and invest money effortlessly. These platforms use automation to help you set aside money, earn interest, and even invest in assets like mutual funds, dollar portfolios, or government bonds without manual effort.

In this 2025 guide, we will explore the top automated savings and investment apps in Nigeria, how they work, what makes them profitable, their pros and cons, and how you can use them to grow your wealth.

Whether you’re looking to build emergency savings, earn higher returns, or invest regularly without stress, this comprehensive article will help you make informed choices and take control of your financial future.

What Are Automated Savings and Investment Apps?

Automated savings and investment apps are digital platforms designed to help you save or invest money automatically without manual effort. Once you set your savings rules — such as how much to save daily, weekly, or monthly — the app automatically transfers that amount from your bank account to your savings or investment wallet.

These apps also allow you to invest small amounts of money in low-risk or diversified portfolios that generate returns over time. The main goal is to help users cultivate consistent saving and investing habits without requiring constant discipline or manual transfers.

Key Features of Automated Savings and Investment Apps

1. Auto-Debit Function: Automatically deducts money from your account based on your chosen frequency.

2. Flexible Plans: Allows you to save daily, weekly, or monthly.

3. Interest Earnings: Offers returns higher than traditional bank savings.

4. Investment Options: Includes mutual funds, fixed income, and dollar-based portfolios.

5. Withdrawal Flexibility: Lets you withdraw your savings at maturity or during emergencies.

6. Security: Uses bank-grade encryption and regulatory oversight to protect your funds.

In essence, these apps bridge the gap between traditional banking and personal financial growth by combining automation with investment opportunities.

Why Automated Savings Apps Are Popular in Nigeria

Nigerians are embracing financial technology faster than ever before. Automated savings apps are especially popular for the following reasons:

1. Convenience: No need to remember when to save — the system does it for you.

2. Better Returns: Most apps offer higher interest rates (6%–15%) compared to commercial bank savings accounts.

3. Goal Setting: Users can set specific savings goals like rent, education, or travel.

4. Accountability: Seeing your savings grow automatically motivates you to save more.

5. Accessibility: Apps are easy to use and available to anyone with a smartphone and bank account.

As financial education spreads across Nigeria, more people are turning to these digital tools for disciplined savings and wealth creation.

Top Automated Savings and Investment Apps in Nigeria

Below are some of the most trusted and widely used apps that combine automated savings and investment features. Each one caters to different financial needs — from short-term savings to long-term investment growth.

1. PiggyVest — The Pioneer of Automated Savings in Nigeria

PiggyVest is one of the first and most popular savings and investment apps in Nigeria. It allows users to save automatically, lock funds for a set period, and earn returns on investments through different products.

Key Features:

• AutoSave and QuickSave options for automatic or manual saving.

• SafeLock feature to fix funds for higher returns.

• Investment opportunities through PiggyVest Investify.

• Interest rates range between 8% and 15% annually.

Pros:

• Reliable and trusted by millions.

• Multiple savings categories for different goals.

• Transparent operations and strong customer support.

Cons:

• Withdrawal limits for SafeLock until maturity.

• Requires internet access for transactions.

Best For:
Salary earners, freelancers, and individuals looking for both saving discipline and investment returns.

2. Cowrywise — Automated Saving Meets Smart Investing

Cowrywise focuses on helping Nigerians save and invest through professionally managed mutual funds. It automates savings and allows users to invest in low-risk portfolios.

Key Features:

• Automated daily, weekly, or monthly savings.

• Access to mutual funds managed by licensed fund managers.

• Flexible investment plans with competitive returns.

• Interest rates typically between 8% and 12% annually.

Pros:

• Excellent app design and user interface.

• Strong regulatory compliance (SEC-registered).

• Great for beginners and experienced investors.

Cons:

• Withdrawal before maturity may reduce interest.

• Limited high-risk investment options.

Best For:
Those who want a mix of savings stability and smart investing with professional guidance.

3. Kuda Bank — Automated Saving within a Digital Bank

Kuda Bank combines regular banking features with automated savings tools. As a full digital bank, it allows users to manage everyday transactions while automatically saving small amounts from spending.

Key Features:

• Autosave and Spend & Save options.

• Free transfers and no maintenance fees.

• Competitive savings interest rate (up to 15%).

• Instant transfers between Kuda users.

Pros:

• Combines savings and daily banking in one app.

• Easy to use with a simple setup process.

• Regulated by the Central Bank of Nigeria (CBN).

Cons:

• Savings rates may vary based on account type.

• Limited investment products.

Best For:
Young professionals and digital natives who want a convenient all-in-one banking and saving experience.

4. Risevest — Automated Dollar Investments for Nigerians

Risevest automates global investing by allowing Nigerians to save and invest in U.S. dollar assets like real estate, stocks, and fixed income portfolios. It’s ideal for those who want to protect their wealth from naira depreciation.

Key Features:

• Dollar-based automated investing.

• Access to expert-managed portfolios.

• Long-term and short-term investment options.

• Returns range from 8% to 20% annually (based on portfolio type).

Pros:

• Helps hedge against naira inflation.

• Professionally managed investments.

• Easy to automate and track in-app.

Cons:

• Higher risk in stock portfolios.

• Minimum investment requirements for some plans.

Best For:
Nigerians looking to diversify savings and invest in U.S. assets automatically.

5. Trove — Invest in Nigerian and U.S. Stocks Automatically

Trove allows Nigerians to invest in both local and international stocks starting with small amounts. It supports automated investment contributions and portfolio management.

Key Features:

• Access to Nigerian and U.S. stocks, ETFs, and bonds.

• Automated investment top-ups.

• Detailed portfolio analytics.

• Returns depend on stock market performance.

Pros:

• Provides international market access.

• Low entry requirements.

• Simple, easy-to-use platform.

Cons:

• Subject to stock market volatility.

• May require basic investment understanding.

Best For:
Users who want long-term wealth growth through stock investments.

6. Bamboo — Automated Dollar Investment for Nigerians

Bamboo is similar to Trove but focuses more on U.S. dollar-denominated investments. It allows automatic investments in stocks and exchange-traded funds (ETFs).

Key Features:

• Access to U.S. stock market.

• Dollar-based automated investing.

• Fractional shares for affordability.

• Returns depend on market trends.

Pros:

• Excellent for currency diversification.

• Simple and secure interface.

• Ideal for passive, automated investing.

Cons:

• Requires basic understanding of market risks.

• Not suitable for short-term savings.

Best For:
Nigerians seeking long-term dollar investment opportunities.

Comparison: Best Automated Savings and Investment Apps in Nigeria

Benefits of Using Automated Savings and Investment Apps

1. Consistency: Automatic deductions encourage financial discipline.

2. Higher Returns: Earn better interest rates than traditional bank savings.

3. Diversification: Access to both local and foreign investment options.

4. Convenience: Save and invest from your smartphone anytime.

5. Inflation Protection: Dollar-based investments hedge against naira devaluation.

Step-by-Step Guide: How to Start Saving and Investing Automatically

1. Choose a Reliable App: Start with one that fits your goals (e.g., PiggyVest for savings, Risevest for dollar investments).

2. Sign Up and Verify Your Account: Complete KYC requirements like BVN and ID verification.

3. Set Savings or Investment Goals: Define what you’re saving for — emergency fund, rent, education, or retirement.

4. Enable AutoSave: Choose how much to save daily, weekly, or monthly.

5. Track Your Growth: Monitor your savings or portfolio performance via the app dashboard.

6. Withdraw or Reinvest: When you reach your goal, you can withdraw or reinvest for continued growth.

Drawbacks to Consider

While automated apps are useful, users should note a few potential downsides:

• Limited physical customer support.

• Internet dependency.

• Market risks for investment-based apps.

• Possible withdrawal restrictions for locked plans.

Understanding these factors ensures you use each platform wisely.

Frequently Asked Questions (FAQs)

1. What are the best automated savings apps in Nigeria?

Top options include PiggyVest, Cowrywise, Kuda, Risevest, Trove, and Bamboo.

2. Which app offers the highest return on savings?

PiggyVest and Kuda typically offer higher naira-based returns, while Risevest and Bamboo offer strong dollar returns.

3. Are these apps safe to use?

Yes. Most are regulated by the CBN or SEC and use bank-grade security for transactions.

4. Can I withdraw my savings anytime?

Some apps allow instant withdrawal, while others like SafeLock restrict access until maturity for higher interest.

5. How much can I start with?

Most apps allow users to start with as little as ₦100 or $10 for investments.

6. Do I need a dollar account for foreign investments?

No. Apps like Risevest and Bamboo let you invest in USD directly from your naira account.

7. Can I use more than one savings app?

Yes. Many Nigerians use multiple apps for different financial goals.

8. Are there hidden fees?

Most apps are transparent, though some charge small transaction or withdrawal fees.

9. Which is best for beginners?

PiggyVest and Cowrywise are beginner-friendly with easy setup and minimal risks.

10. How do automated savings apps make money?

They earn commissions from investments, management fees, and partnerships with financial institutions.

Summary Table: Best Apps for Automated Savings and Investments in Nigeria

Conclusion: Automate Your Savings, Grow Your Future

Automated savings and investment apps are revolutionizing how Nigerians build wealth. With options like PiggyVest, Cowrywise, Kuda, Risevest, Trove, and Bamboo, you no longer need to struggle with discipline or complex investing knowledge. These apps do the heavy lifting — from saving regularly to compounding returns automatically.

Whether you want to protect your money from inflation, grow dollar assets, or simply build better financial habits, now is the time to take action. Start today by downloading one of these trusted apps, set your financial goals, and let automation work for your future.

Your financial freedom begins with one automated saving today.