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Top 10 Best Savings Apps Based on Customer Rating

In recent years, the financial landscape in Nigeria has seen a significant transformation with the emergence of innovative savings apps. These apps have gained immense popularity, offering Nigerians convenient and accessible ways to save and invest their money.

As we celebrate Customer Service Week, it's essential to emphasize the crucial role of excellent customer service in the financial sector. With a plethora of savings apps available, it can be challenging to decide which one aligns with your unique financial goals. To assist you in making an informed choice, we've compiled a detailed list of the top 10 best savings apps in Nigeria for the year 2023, based on customer ratings.

Why Savings Apps Matter

Before we delve into the specifics of each savings app, let's first understand why these apps have become increasingly important in the financial landscape of Nigeria.

  1. Convenience: Traditional banking methods often involve long queues, paperwork, and time-consuming processes. Savings apps offer a seamless and hassle-free way to manage your finances from the comfort of your smartphone.
  2. Accessibility: Savings apps are accessible to a wide range of people, including those in remote areas with limited access to traditional banking services. All you need is a smartphone and an internet connection.
  3. Financial Inclusion: Savings apps contribute to financial inclusion by providing opportunities for individuals who may not have had access to banking services in the past. They empower users to take control of their financial futures.
  4. Variety of Features: Savings apps come with a variety of features, including automated savings, investment opportunities, and more, allowing users to tailor their financial strategies to their specific needs.

Now, let's dive into the top 10 savings apps in Nigeria based on customer ratings.

1. PiggyVest (4.6-star rating on Google Play)

PiggyVest is a versatile savings and investment platform known for its innovative savings features. It has garnered a remarkable 4.6-star rating on Google Play, making it one of the highest-rated savings apps in Nigeria. PiggyVest offers a range of services, including automated savings, fixed deposits, and investment opportunities. Users appreciate its user-friendly interface and various savings options.

With PiggyVest, you can set savings goals, invest in mutual funds, and earn competitive interest rates on your savings. It's an excellent choice for individuals looking to grow their savings steadily and achieve their financial objectives.

2. Cowrywise (4.5-star rating on Google Play)

This is another top-rated savings app in Nigeria, boasting a 4.5-star rating on Google Play. This app offers flexible savings plans, mutual funds, and investment opportunities. Cowrywise is highly regarded for its user-friendly interface and intuitive design. It allows users to set and track their savings goals, making it easier to achieve financial milestones. With features like automated savings and regular investment options, Cowrywise empowers individuals to take control of their financial futures and grow their wealth over time.

3. ALAT by Wema (4.3-star rating on Google Play)

This is a digital bank that provides a range of savings and investment options. With a 4.3-star rating on Google Play, ALAT has gained popularity for its easy account setup, savings goals, and bill payment features. ALAT offers users the flexibility to save, invest, and manage their finances seamlessly through its mobile app. Users can set specific savings goals, create virtual debit cards, and enjoy a no-fee banking experience. ALAT is an ideal choice for those seeking a digital bank with robust savings features.

4. Kuda Bank (4.2-star rating on Google Play)

Kuda Bank is not just a digital bank but also an innovative savings app. With a 4.2-star rating on Google Play, Kuda has gained recognition for its no-fee banking, instant transfers, and goal-based savings features. Kuda combines banking and savings, providing users with a comprehensive financial platform.

Users can create virtual debit cards, set savings goals, and access their accounts seamlessly through the app. If you're looking for a digital bank that simplifies banking and offers robust savings options, Kuda is a top choice.

5. Carbon Save (4.3-star rating on Google Play)

Carbon Save is an extension of the popular Carbon platform, offering users the ability to save and earn interest on their savings. With a 4.3-star rating on Google Play, Carbon Save is known for its simplicity and accessibility. It allows users to set savings goals, earn interest on their savings, and withdraw funds whenever needed. Carbon Save is an excellent option for those who want a straightforward savings solution from a trusted financial platform.

6. Renmoney (3.9-star rating on Google Play)

Renmoney is a versatile financial platform that offers savings accounts alongside its lending services. It has earned a 3.9-star rating on Google Play and is recognized for its rapid account setup and user-friendly interface. Renmoney provides users with a safe and reliable place to save money while offering competitive interest rates. Whether you're saving for a specific goal or building an emergency fund, Renmoney has the features to help you achieve your financial aspirations.

7. FINT (4.0-star rating on Google Play)

FINT is a savings and investment platform that allows users to save and invest in various asset classes. With a 4.0-star rating on Google Play, FINT is appreciated for its diverse investment options and user-focused design. FINT offers features like automated savings, investment opportunities, and a user-friendly interface. It's an ideal choice for individuals looking to diversify their savings and investments within a single platform.

8. Trove (4.1-star rating on Google Play)

Trove is an investment platform that enables users to invest in local and international stocks, bonds, and cryptocurrencies. With a 4.1-star rating on Google Play, Trove is appreciated for its investment diversity and user-friendly interface. Trove empowers users to grow their wealth by providing access to a wide range of investment opportunities. Whether you're a beginner or an experienced investor, Trove offers a convenient way to start building your investment portfolio.

9. Wealth.ng (3.9-star rating on Google Play)

Wealth.ng is another savings and investment platform in Nigeria, offering various investment options, including mutual funds and fixed income securities. With a 3.9-star rating on Google Play, Wealth.ng is known for its investment opportunities and educational resources. It caters to both novice and experienced investors, providing a platform to grow and manage their wealth effectively. Wealth.ng's user-friendly interface makes it accessible to a wide range of users.

10. CashBox (4.0-star rating on Google Play)

CashBox is a savings platform that allows users to earn interest on their savings. With a 4.0-star rating on Google Play, CashBox is appreciated for its simplicity and attractive interest rates. Users can set savings goals, earn interest on their funds, and withdraw their savings whenever needed. CashBox offers a straightforward savings experience for those looking to earn more on their idle funds.

How to Choose the Right Savings App for You

Selecting the right savings app is a crucial decision that depends on your financial goals, preferences, and needs. To make an informed choice, consider the following factors:

1. Reviews and Comparisons: Take advantage of financial comparison websites and resources like nairaCompare to compare different savings apps side by side. These platforms often provide in-depth reviews, feature comparisons, and user feedback to help you make an informed decision.

2. Interest Rates: Interest rates play a significant role in your earnings from savings. Different savings apps offer varying interest rates, so it's essential to compare rates and choose an app that offers competitive returns on your savings. Higher interest rates can help your money grow faster over time.

3. Savings Goals: Determine your savings goals and objectives. Are you saving for a specific short-term goal like a vacation, or are you building a long-term retirement fund? Some apps are better suited for specific goals, so choose one that aligns with your financial aspirations.

4. Fees and Charges: Be aware of any fees associated with the savings app. Some apps may charge withdrawal fees, maintenance fees, or transaction fees. Read the terms and conditions carefully to understand the cost structure and ensure it aligns with your financial strategy.

5. User-Friendly Interface: A user-friendly interface can significantly enhance your experience with a savings app. Look for an app that is easy to navigate and provides a clear view of your savings progress. Features like setting savings goals, tracking your progress, and initiating transactions should be intuitive and accessible.

6. Flexibility: Consider the flexibility of the savings app. Some apps offer flexible withdrawal options, allowing you to access your savings when you need them, while others may have restrictions. Ensure that the app's features and policies match your financial lifestyle.


Choosing the right savings app is a crucial step in achieving your financial goals and securing your financial future. With the plethora of options available in Nigeria's financial landscape, it's essential to take the time to evaluate your needs and preferences.

Remember that the best savings app for you may not be the same as someone else's. Your financial situation, goals, and priorities are unique, and the savings app you choose should align with them. Whether you're saving for short-term goals like a vacation or long-term objectives like retirement, there's a savings app in Nigeria that can help you make the most of your money.

Visit nairaCompare to compare savings accounts and select the one that’s best for you!

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