Let’s be honest, saving money in Nigeria isn’t for the faint-hearted. Between skyrocketing fuel prices, inflation, and emergency expenses that pop up like surprise guests in our Nigerian childhood, your savings can feel like they’re constantly under attack. It’s no wonder you’re here, on a hunt for the best savings apps in Nigeria.

That’s why choosing the right savings app matters more than ever. Gone are the days when saving money meant tucking cash under your mattress.Today, your money can work for you, grow for you, and earn you interest without lifting a finger, if you pick the right app.

We’ve rounded up the best savings apps in Nigeria for 2025, focusing on one key factor: how hard your money works. Topping this year’s list is Renmoney, followed by strong contenders like FairMoney, PiggyVest, Kuda, and Cowrywise.

Let’s dive in.

Below is a list of the best savings apps in Nigeria (2025)

1. Renmoney – Reliable and Trusted with Up to 28% Interest Per Annum

If savings apps were Nigerian uncles at a party, Renmoney would be the one dishing out jollof and giving you transport fare. It doesn’t just help you save, it rewards you for it.

Renmoney offers not one, but three powerful savings tools to fit your lifestyle:

• Daily Interest Payments: Watch your interest grow every day like a well-fed baby
• Interest Upfront: Lock your savings for the future and get your interest for immediate flex
• Penalty Free Withdrawal: Enjoy access to your money for car wahala, and other types of emergenciesStart with little: “Shikini money”, only ₦1,000, is all it takes to get your savings journey going.

Unlike many platforms, Renmoney doesn’t bury you in confusing terms and conditions. It’s straightforward, digital, and designed for real people with real needs. Bonus point for also being a full digital bank with over 70 bill payment options, instant, personal & business loans up to ₦1,000 and seamless transfers. They’re also trusted by over 5 million Nigerians, regulated by the CBN (Central Bank of Nigeria) and insured by the NDIC (Nigeria Deposit Insurance Corporation).

Sign Up: On Android or iOS
🔗 Learn more: Renmoney Savings Options

2. FairMoney – New Users Can Earn Up to 30%

FairMoney’s savings features now rival the best in the game. New users can earn up to 30% interest, but with a small clause, it only applies for 7 days. On Fairmoney, you can choose between two savings options depending on your personal goals.

• FairLock: Lock funds for a fixed period and watch your money multiply, with returns between 17% to 28%, depending on how long you can hold off.
• FairSave: Daily savings, daily interest. It’s flexible, fast, and fuss-free—perfect for salary earners trying to stay disciplined.

For anyone looking for quick sign-ups and serious returns, FairMoney is a solid pick.

Read More: High Interest Savings for Nigerians

3. PiggyVest – with Up to 22% Interest

PiggyVest is like that friend who’s always reminding you to budget. It’s been around for a while, and for good reason: it works. Here’s why people love it:

• SafeLock: Lock your money for 90–365 days and earn up to 22% annually.
• Piggybank: Automate daily, weekly, or monthly savings with up to 18% interest.
• Target Savings: Great for weddings, tuition, and group goals.

PiggyVest makes savings feel intentional. Plus, the user interface is simple and easy, even for your tech-challenged uncle. 😏

4. Kuda – with Up to 12% Returns

Kuda is more than a savings app—it’s a full digital bank. So if you’re looking to combine banking with smart saving, Kuda could be your best friend.

• • Fixed Savings: Earn up to 12% per annum by locking away funds.

• • Spend+Save: Automatically set aside a portion of your spending. It’s like turning “retail therapy” into actual savings.

Kuda’s appeal lies in its everyday integration. You don’t have to leave your banking app to save smartly, it’s all in one place.

5. Cowrywise – Save and Invest from ₦100

Cowrywise is perfect for people who are just starting their savings journey or want to try investment-lite options. With a clean app interface and low entry point, it’s great for students, side-hustlers, and young professionals.

• • Regular Plans: Save daily, weekly, or monthly and earn up to 14% per annum.

• • Investment Options: Diversify into mutual funds and other asset classes, right from your phone.

One thing Cowrywise does well is educating users—it doesn’t just help you save, it helps you grow your financial literacy too.

Conclusion

The bottom line? Your money doesn’t have to sit idle. Whether you’re saving for rent, school fees, business capital, or Detty December, there’s an app that’ll help you earn while you plan. Let this guide on the best savings apps with the highest interest rate in Nigeria be your compass as you choose a tool to earn safe, steady returns on your savings. Please take note that these rates are subject to market changes.