Top 10 Fintech Companies Nigerians Use to Save Money

With inflation eating into every naira and traditional savings accounts offering almost zero growth, Nigerians are turning to fintech platforms to make their money work harder.

These ten apps and digital banks offer competitive interest rates, easy‑to‑use interfaces, and innovative features that help you build a healthy savings habit and watch your balance grow in real time.

Here are the Top 10 Fintech Companies in Nigeria that are used to Save Money

1. Moremonee: Up to 24% Interest with FutureBox

Interest Rate: Up to 24% per annum on fixed savings
Standout Feature: FutureBox savings plans
Moremonee leads the pack with its FutureBox, which locks away money for 3, 6, or 12 months at attractive rates (4%, 10%, and 24% respectively). You set a goal, perhaps rent a car or emergency funds, and watch your savings earn one of the market’s highest returns.

2. PiggyVest: Automated Saving and Investing

Interest Rate: 18–22% per annum
Standout Feature: AutoSave and SafeLock
PiggyVest automates your savings with daily, weekly or monthly transfers. It’s SafeLock feature lets you lock money away for a fixed period, and earn extra interest on top of your normal savings. For those who struggle to stick to a budget, PiggyVest turns saving into a “set and forget” habit.

3. Cowrywise: Customise Your Savings Journey

Interest Rate: 15–21% per annum
Standout Feature: Mutual fund investments
Cowrywise appeals to younger savers with goal‑based plans and in‑app education. You can split your savings across various mutual funds for diversified growth, all within a slick mobile interface that tracks your progress towards each target.

4. Opay: Everyday Spending Meets Smart Saving

Interest Rate: Up to 15% per annum
Standout Feature: Cashback on bills and transfers
Opay isn’t just for money transfers;  it also rewards you for everyday spending. With Opay Save, your idle balance earns interest, and you get cashback on bills, transport and more. Plus, instant microloans are just a tap away if you need extra cash.

5. Kuda Bank: The “Bank of the Free”

Interest Rate: Up to 12% per annum
Standout Feature: Free transfers and spending controls
Kuda stakes its reputation on zero fees for transfers and withdrawals. It’s Automated Savings rounds up every transaction to the nearest naira and stashes the spare change for you. With up to 12% interest, it’s a solid pick if you want a full‑service digital bank that also builds savings.

6. PalmPay: Gamified Finance

Interest Rate: Up to 12% per annum
Standout Feature: Reward points and games
PalmPay adds fun to saving with daily check‑ins, mini‑games and reward points you can convert to cash or airtime. Its Flexi Save and Target Save options offer flexible or goal‑driven plans, making it easy to earn interest while staying entertained.

7. FairMoney: Loans and Savings in One

Interest Rate: 8–20% per annum
Standout Feature: Instant loan atop savings
FairMoney is best known for quick personal loans, but its savings product deserves attention too. Earn daily interest on your balance, then tap into FairMoney’s credit line when you need extra cash, all within a single app.

8. Carbon: The All‑In‑One Finance App

Interest Rate: Up to 15.5% per annum
Standout Feature: Investment, loans and bills in one place
Carbon combines cash transfers, bill payments, loans and high‑yield savings under one roof. Its Carbon Save account automatically earns interest on your balance, making it a convenient hub for all your financial needs.

9. VBank: Cooperative‑Style Savings

Interest Rate: 8–12% per annum
Standout Feature: Group Savings and Business Wallets
VBank’s VTarget and VSave allow both individuals and small groups, such as cooperative societies or family circles, to pool funds toward shared goals. With competitive interest and easy withdrawals, it’s ideal for businesses or friends saving together.

10. ALAT by Wema: Nigeria’s Pioneer Digital Bank

Interest Rate: Up to 10% per annum
Standout Feature: Automated goal‑based plans
As the country’s first fully digital bank, ALAT offers intuitive savings tools that let you automate transfers and set round‑ups. Its Goals feature prompts you to save for specific needs, all while earning steady interest on your funds.

Choosing the Right App for You

• High Returns: Go for Moremonee or PiggyVest if you want the best interest rates.
  
• All‑In‑One Banking: Carbon and Kuda combine checking, savings and loans.
  
• Fun & Engaging: PalmPay’s gamified experience keeps you motivated.
  
• Group Goals: VBank suits businesses and savings clubs.
  

No matter your income or lifestyle, these fintech platforms make it easier than ever to save consistently, earn real returns, and take control of your financial future. Download one today and start turning your spare naira into growing wealth.