Best Online Savings Platforms in Nigeria

Do you want to save money online? Are you looking for the best platform to use? If the answers to any of these questions is yes! Then, check the below list of the top online savings platforms in Nigeria you can use;

Alat by Wema Bank
This is a savings platform owned and powered by Wema Bank, a renowned commercial bank in Nigeria. The Alat platform is the first digital bank in Nigeria and you get up to 10% of your savings as interest per year. You can easily access the platform with your mobile phone by downloading the mobile application from the Google Playstore or Apple Store.

When talking about online savings platforms in Nigeria, one very popular one is Piggyvest. On the Piggyvest platform you can save flexibly, either small or large amounts of money. The interest rate associated is between 10 – 17% and it depends on the savings period – daily, weekly or monthly. You can also use the Safe lock savings to save money for a very long period just like fixed deposit.

The Cowrywise savings platform is an automated one as you get to connect your debit card to it. You can either set your account to daily, weekly or monthly savings and the money will be automatically deducted from your account when due. The interest rate per annum is up to 15% and you can also request for loans via the platform.

Kolo Pay
With an interest rate up to 6% per annum, Kolo pay stands as one of the top online savings platform in Nigeria. You can save money for long or short period of time and you family and friends can also deposit as well as it allows third party deposits.

PayDay by RPM
The PayDay platform is a savings and investment platform owned by the ARM Investment company. It is an automated savings platform that offers high interest returns on savings after investments. There are various investment options, simply choose the one convenient for you.

On Payvest you get to save money at different duration and the platform offers a high interest rate – up to 15%. You can either save for 3 months, 6 months, 9 months and 12 months and you will be able to withdraw your money quarterly. If you use the lock-in feature, you’ll be able to withdraw only when the money is mature.

Smart Saver
With smart saver, you save smartly and conveniently. Payment is made via Paystack and you can set your savings plan to either daily, weekly, monthly, or yearly. Smart saver has one of the highest interest rate with an interest rate of about 30% when you save money annually.

Kudi Money
Kudi Money is an online savings platform that lets you save automatically. All you need do is to connect your debit card, choose your savings plan (daily, weekly or monthly) and choose your savings amount. The interest rate involved is up 10% per year.


Cultivating the habit of saving is necessary for everyone. Personally i think saving should come first before spending, spend what you have left after saving and not the vice versa. These online savings platforms has made it easier to do this and what makes it more interesting is you are also getting interest rates on your saved funds.