The Best 5 Savings Apps in Nigeria for 2025

Saving money isn’t just about discipline; it’s about having the right tools to help you stay consistent and maximize returns. Did you know that Nigerians increasingly turn to savings apps to manage their finances, with usage growing by over 40% in the last two years? Unsurprisingly, these apps offer a seamless, efficient, and rewarding way to grow wealth.

Finding the right app can make all the difference if you’re looking to lock funds, earn high interest, or simply save for a goal. To help you navigate the options, we’ve rounded up the five best savings apps in Nigeria for 2025. Each app stands out for its unique features, ease of use, and ability to help you take control of your finances. Let’s get into it!

1. Nearpays

Nearpays isn’t just a savings app—it’s a complete financial management tool. With its robust features, it’s perfect for individuals and businesses alike.

Why Nearpays Stands Out

Lock Funds for High Returns: Earn a competitive 24% P.A. on locked savings, one of the best rates in Nigeria.
User-Friendly Interface: Manage savings, payments, and transactions seamlessly through a single app.
Business Tools: Perfect for entrepreneurs, with features like real-time transaction tracking, branch management, and virtual POS.

Whether you’re saving for a personal goal or managing business finances, Nearpays offers flexibility and unmatched convenience.

2. PiggyVest

PiggyVest is one of the most trusted names in Nigeria when it comes to savings apps. With over a decade of experience, it has consistently helped users save smarter.

Top Features

AutoSave: Automate your savings daily, weekly, or monthly.
SafeLock: Lock funds away for a set period to avoid temptation.
Investify: Grow your savings with investment opportunities tailored to your risk level.

PiggyVest is ideal for individuals who need structured and disciplined savings plans.

3. Cowrywise

Cowrywise combines savings and investments in one app, making it a favorite among tech-savvy users.

Why Users Love It

Goal-Oriented Savings: Create multiple savings goals and track progress effortlessly.
Diverse Investment Options: Invest in mutual funds and earn returns alongside your savings.
Zero Hidden Fees: Transparent pricing ensures you get the most out of your savings.

Cowrywise is perfect for diversifying their savings strategy with low-risk investments.

4. Kuda

Kuda isn’t just a digital bank—it’s a powerful savings tool for modern users. Known as the “Bank of the Free,” Kuda has revolutionized banking in Nigeria.

Key Features

Spend+Save: Automatically save a percentage of every transaction.
Flexible Savings: Withdraw your funds anytime without penalties.
Free Transfers: Save on transaction costs with free interbank transfers.

Kuda is a great choice for users who want a combination of banking and savings in one app.

5. ALAT by Wema

ALAT by Wema is another excellent option for those looking to save smarter. It combines a traditional bank's reliability with a digital app's flexibility.

What Sets ALAT Apart

Savings Challenge: Participate in challenges to stay motivated and achieve your goals.
Group Savings: Save with friends and family to hit targets faster.
Fixed and Flexible Plans: Choose between locking funds or maintaining flexibility.

ALAT is ideal for those who enjoy a gamified approach to saving while leveraging the trust of an established bank.

Conclusion

When it comes to saving in 2025, choosing the right app can transform how you manage your money. From Nearpays’ high-interest locked savings to PiggyVest’s AutoSave and Cowrywise’s investment integrations, each app offers something unique.

Evaluate your goals—whether it’s building an emergency fund, earning passive income, or managing business finances—and pick the app that aligns with your needs. Ready to take control of your finances? Start saving smarter with one of these top five apps today!

If your looking for a savings app that fits your needs? Download Nearpays now and start growing your money effortlessly!