Earning a solid return on your money used to mean tying it up in complicated investments or taking big risks.
But technology has changed how we can grow our savings, making it easier than ever to earn decent returns safely.
If you’re looking to earn around 10% return on investment (ROI) without exposing yourself to excessive risk, there are now apps designed specifically for that purpose.
These apps offer better returns than traditional savings accounts while keeping your money relatively safe.
The key is knowing which apps are legitimate, how they work, and how to use them effectively to maximize your returns.
Whether you’re saving for an emergency fund, a big purchase, or just trying to grow your wealth, earning 10% ROI can make a significant difference over time.
Below is how to earn 10% ROI with safe apps:
Understand What 10% ROI Means
Before we dive into specific apps, it’s important to understand what a 10% return on investment actually means. If you invest ₦100,000 with a 10% annual return, you’ll earn ₦10,000 in one year.
That brings your total to ₦110,000 after 12 months. This might not sound like much, but the power of compound interest makes it grow significantly over time.
If you leave that money invested and continue adding to it regularly, your returns will compound. This means you earn returns not just on your original investment, but also on the returns you’ve already earned.
Over several years, this can lead to substantial growth in your savings. A 10% return is considered good because it’s significantly higher than what most traditional savings accounts offer.
Most regular savings accounts in banks offer between 1-4% interest per year. By earning 10%, you’re growing your money much faster while still keeping it relatively safe.
Use PiggyVest for Safe Returns
PiggyVest is one of Nigeria’s most popular and trusted savings platforms. The app offers multiple ways to save and earn returns on your money.
Their regular Piggybank savings offers around 10% annual interest, which is exactly what you’re looking for. You can set up automatic savings to debit your account daily, weekly, or monthly.
The money is locked until your target date, which prevents impulse spending and helps your savings grow. PiggyVest’s Safelock feature offers even higher returns, up to 13% per annum.
With Safelock, you lock your money for a specific period (10 days to 365 days). The longer you lock your funds, the higher the interest rate you receive.
Your money is held with regulated financial institutions, not directly by PiggyVest. This adds an extra layer of security to your investment.
PiggyVest has been operating since 2016 and has helped millions of Nigerians save and earn returns. The platform is registered with the Securities and Exchange Commission (SEC), which provides regulatory oversight.
To maximize your returns with PiggyVest, use the Safelock feature for money you won’t need immediately. Lock it for at least 90 days to earn significantly higher interest rates.
Try Cowrywise for Higher Interest Rates
Cowrywise is another excellent platform for earning around 10% or more on your savings. The app offers regular savings that earn approximately 10-12% annual interest.
What sets Cowrywise apart is its Fixed Savings feature, which can offer up to 15% per annum. This is higher than most other savings platforms in Nigeria.
With Fixed Savings, you commit to locking your money for 30 to 365 days. The longer the duration, the higher your interest rate.
Cowrywise also offers various investment options through mutual funds. These funds are managed by licensed fund managers and can potentially earn higher returns than regular savings.
You can choose from different fund types based on your risk tolerance: money market funds (safest), fixed income funds, and balanced funds. The money market funds typically offer returns around 10-12% with relatively low risk.
Cowrywise is registered with the SEC and partners with reputable fund managers and trustees. Your investments are held by these regulated institutions, providing security for your funds.
The platform charges no withdrawal fees for regular savings, which means more of your returns stay in your pocket. To earn 10% or more with Cowrywise, consider putting money in their Fixed Savings or money market fund options.
These provide good returns with relatively low risk compared to stocks or other volatile investments.
Invest Through Risevest for Dollar Returns
Risevest is a savings and investment app that focuses on dollar-denominated investments. While this might seem risky, it can actually help protect your money from naira devaluation.
The app offers various investment plans with different return potentials. Their fixed income plans typically offer returns of around 8-12% in dollars.
When you convert this back to naira, your actual returns can be much higher due to currency appreciation. For example, if you invest $1,000 and earn 10% in one year, you’ll have $1,100.
If the dollar exchange rate increased during that year, your naira value will be even higher. This dual benefit of interest plus currency appreciation can lead to significant returns.
Risevest invests your money in real assets like US stocks, real estate, and fixed income securities. These are regulated investments in the United States, providing an additional layer of security.
The platform is registered with the SEC in Nigeria and follows strict regulatory guidelines. Your funds are held by custodians and trustees separate from Risevest itself.
To use Risevest, you’ll need to fund your account in naira, which the app converts to dollars automatically. You can start with as little as $10, making it accessible even if you’re just beginning to invest.
The app offers different plans: Fixed Income (lowest risk, moderate returns), Real Estate (medium risk, moderate-high returns), and Stocks (higher risk, potentially higher returns).
For earning around 10% safely, focus on their Fixed Income plans.
Use Bamboo for Dollar Stock Investments
Bamboo is another dollar-based investment platform that allows Nigerians to invest in US stocks. While stocks are generally riskier than savings accounts, certain investment strategies can help you target 10% returns relatively safely.
The US stock market has historically returned about 10% annually on average over long periods.
By investing in diversified index funds or ETFs through Bamboo, you can aim for similar returns.
Index funds spread your investment across hundreds of companies, reducing the risk of any single company failing.
Popular index funds like the S&P 500 have consistently delivered around 10% average annual returns over decades.
Bamboo makes it easy to invest in these funds with just a few taps on your phone.
You can start investing with as little as $10, making it accessible for beginners.
The app is registered with the SEC in Nigeria and partners with regulated US brokers.
Your investments are held in your name with these brokers, separate from Bamboo’s own accounts.
To earn 10% with Bamboo, focus on broad market index funds rather than individual stocks.
These provide diversification and lower risk while still offering good return potential.
Remember that stock returns fluctuate year to year, but tend to average around 10% over longer periods (5-10 years).
Don’t invest money you’ll need in the next year or two, as short-term market volatility could affect your returns.
Try Trove for Diversified Investments
Trove is a Nigerian investment platform that offers access to US and Nigerian stocks, bonds, and other securities.
The app provides various investment options suitable for earning around 10% returns.
You can invest in dollar assets, which protects you from naira devaluation while earning returns.
Trove offers fractional shares, meaning you can buy portions of expensive stocks with small amounts of money.
Their bond offerings typically provide returns around 8-12% depending on the type and duration.
Bonds are generally safer than stocks because they’re essentially loans you’re making to companies or governments.
The borrower agrees to pay you back with interest at a specific rate and time.
US Treasury bonds, available through Trove, are considered among the safest investments in the world.
While they might offer slightly lower returns (around 4-6% in dollars), the currency appreciation can bring your total naira returns close to or above 10%.
Trove also offers Nigerian government bonds and corporate bonds with higher yields.
These can offer 10-15% returns, though they come with slightly higher risk than US bonds.
The platform is registered with regulatory authorities and uses licensed custodians to hold your investments.
To earn 10% with Trove, consider a mix of bonds for stability and some dividend-paying stocks for growth.
This balanced approach provides relatively safe returns while aiming for your 10% target.
Save with Kuda Bank’s Flexible Savings
Kuda is a digital bank that offers flexible savings accounts with competitive interest rates. Their flexible savings feature allows you to save money and earn interest while still having access to your funds.
Kuda’s flexible savings typically offers around 10-15% annual interest, depending on current rates. The interest is calculated daily and paid monthly, so you see your money growing regularly.
Unlike locked savings, you can withdraw your money anytime without penalties. This makes it ideal for emergency funds or money you might need access to quickly.
However, the interest rates for flexible savings are usually slightly lower than locked savings. Kuda also offers fixed savings where you lock your money for specific periods (30-365 days).
Fixed savings offers higher interest rates, up to 15% per annum for longer lock periods. As a licensed digital bank, Kuda is regulated by the Central Bank of Nigeria.
This provides additional security and oversight compared to non-bank platforms. Your savings are also covered by NDIC insurance up to ₦500,000, just like traditional banks.
To maximize returns with Kuda, use flexible savings for your emergency fund and fixed savings for money you won’t need for several months.
The combination gives you both liquidity and higher returns on different portions of your savings.
Invest Through FairMoney
FairMoney is primarily known as a lending platform, but they also offer savings products with attractive returns.
Their savings plans offer interest rates around 10-16% per annum depending on the lock period.
FairMoney’s regular savings allows flexible access to your funds while earning around 10% interest.
Their fixed savings locks your money for 30-365 days with higher interest rates for longer periods.
The platform is easy to use and integrates with your bank account for seamless transfers.
FairMoney is licensed by the Central Bank of Nigeria as a microfinance bank.
This regulatory oversight provides assurance that the platform operates within legal frameworks.
Your savings are invested in low-risk financial instruments to generate the returns they pay you.
To use FairMoney for 10% returns, consider their fixed savings for funds you won’t need immediately.
The longer you lock your money, the higher the interest rate you’ll receive.
Use V by VFD for High-Yield Savings
V by VFD is a digital banking app from VFD Microfinance Bank.
The platform offers high-yield savings accounts that earn competitive interest rates.
Their savings products typically offer around 10% or higher annual interest.
V by VFD is fully licensed and regulated by the Central Bank of Nigeria.
This makes it a safe option for growing your savings while earning good returns.
The app offers both flexible savings (withdraw anytime) and fixed savings (locked for specific periods).
Fixed savings offers higher rates, often reaching 12-15% depending on the duration.
You can open an account easily through the app and start saving within minutes.
The platform provides regular updates on your interest earnings so you can track your growth.
To earn 10% with V by VFD, spread your money between flexible savings for emergencies and fixed savings for higher returns.
Important Safety Tips
While these apps can help you earn 10% ROI, always prioritize safety.
Only use apps that are registered with regulatory bodies like the SEC or Central Bank of Nigeria.
Check that the platform has been operating for a reasonable time and has positive user reviews.
Never invest all your money in one platform, diversify across multiple apps to reduce risk.
Start with small amounts until you’re comfortable with how each platform works.
Read and understand the terms and conditions before depositing your money.
Pay attention to withdrawal policies, fees, and lock-in periods.
Be realistic about returns, if an app promises returns that seem too good to be true (like 50% per year), it probably is.
Keep your login credentials secure and enable two-factor authentication where available.
Regularly monitor your accounts to ensure your money is growing as expected.
Final Words
Earning 10% ROI is achievable through various safe apps available to Nigerians today.
These platforms offer significantly better returns than traditional savings accounts while keeping your money relatively secure.
The key is choosing regulated, established platforms and diversifying your investments across multiple apps.
Don’t put all your money in one place, spread it across different platforms to minimize risk.
Start with the amount you’re comfortable with and gradually increase as you gain confidence.
Remember that higher returns often come with longer lock-in periods, so plan accordingly.
Keep some money in flexible savings for emergencies and lock the rest for higher returns.
Be patient and consistent, the power of compound interest means your money will grow significantly over time.
With the right strategy and safe platforms, earning 10% or more on your savings is not just possible but relatively straightforward in today’s digital age.
