PiggyVest Safelock vs Cowrywise Fixed Savings: Which One Grows Your Money Faster in 2025?


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What Is Fixed Savings?

Firsty, If you don’t save money intentionally, life will spend it for you. Fixed savings is a form of savings where the invested amount is locked away for a set period of time. It is not your average bank savings account strategy. It’s a way to commit money for a fixed time period, where you earn a better interest rate because you’re not touching it. Think of it as your future self saying, “Lock this away. I’ll thank you later.”


How PiggyVest Safelock Works

PiggyVest’s Safelock is like a personal piggybank with a padlock you can’t open till the time is up. You choose the amount, and lock duration (Upto to 365 days currently), and once it’s locked, that’s it. No turning back. Lets look at piggyvest's safelock interest rate in 2025:

  • Interest: Up to 22% per annum
  • Minimum Amount: ₦1,000
  • Early Withdrawal: Not allowed
  • Payout: Principal at maturity, Interest paid upfront

This is perfect if you need discipline or want to save for things like rent, school fees, or even a vacation you don’t want to touch money for.


How Cowrywise Fixed Savings Works

Cowrywise’s Fixed Plan lets you set a maturity date — from 1 month to 5 years. What’s different is that your interest compounds anually or can be rolled over at maturity, and you can see how much you’re making each time.

  • Interest: 14% per annum
  • Compounding: Yes
  • Minimum: ₦1,000
  • Flexibility: Top up or roll over easily

It’s simple, stable, and ideal if you want to build wealth without worrying too much about market swings.


📊 Real-World Use Case Examples

  • Case 1: I locked ₦100,000 for 1 year on PiggyVest at 20%. After 365 days, I got ₦120,000 — simple and clear.
  • Case 2: I used Cowrywise to save ₦10,000 monthly for 12 months, I ended up with more than ₦127,000 after a year.
  • Case 3: When I needed to build a business capital base, I used both platforms for different goals — Cowrywise for long-term stacking, PiggyVest for strict no-access goals.

PiggyVest Safelock vs Cowrywise Fixed Savings (2025)

Feature PiggyVest Safelock Cowrywise Fixed Savings
Interest Rate Up to 22% per annum Up to 15% per annum
Lock Duration 10 – 1000 days 1 month – 5 years
Compounding Simple interest Yes, Anually
Minimum Deposit ₦1,000 ₦1,000
Early Withdrawal Not allowed Not allowed
Best For Strict discipline, short-term goals Long-term stacking, reinvestment

My Personal Strategy: Building a Capital Base

Here’s how I personally use these tools:

  • I treat savings as self-love. It’s not money I’m throwing away. It’s money I’m gifting my future.
  • I save a fixed amount monthly — even if it’s ₦10,000. That’s my commitment to my future.
  • I use cowrywise fixed plan for this part, Can't withdraw till fixed period.
  • Cowrywise houses my capital base strategy but when I need something I put larger amounts to piggyvest.
  • Piggyvest Safelock is where I go to grow my money faster. Larger amounts at Larger interest rates locked for 1year max, Fast high and safe returns.

Final Verdict

  • PiggyVest Safelock: Best if you need strict discipline and higher short-term returns.
  • Cowrywise Fixed: Ideal for compounding long-term savings with flexibility.

Encourage starting with any amount the goal is consistency.

💡 Ready to build your capital base?
Read about our “Capital Base Savings Strategy” to start growing your money even on a tight budget.

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