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How Does Piggyvest Work When Saving In Dollar - Investment - Nairaland

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Does Saving In Dollars Really Help Your Financial Life As A Nigerian ? / What Does Piggyvest Entails? / Piggyvest (2) (3) (4)

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How Does Piggyvest Work When Saving In Dollar by golor(m): 9:16am On Oct 11, 2021
Pls I intend to start saving in piggy vest (in dollar ) I want to know the value of my money when I wants to get it ...if for instance I saved when dollar is 500# and by the time I wants to withdraw it's 700# will it be converted to 700# when I want it or it will be the initial amount I used in saving ?

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Re: How Does Piggyvest Work When Saving In Dollar by SavageResponse(m): 10:11am On Oct 11, 2021
golor:
Pls I intend to start saving in piggy vest (in dollar ) I want to know the value of my money when I wants to get it ...if for instance I saved when dollar is 500# and by the time I wants to withdraw it's 700# will it be converted to 700# when I want it or it will be the initial amount I used in saving ?

If the actual amount you saved with is Naira I strongly doubt if they would actually agree to pay you back in US$ when you want to make a withdrawal especially if the Naira experiences additional depreciation of above 10%
Re: How Does Piggyvest Work When Saving In Dollar by Nbotee(m): 11:15am On Oct 11, 2021
golor:
Pls I intend to start saving in piggy vest (in dollar ) I want to know the value of my money when I wants to get it ...if for instance I saved when dollar is 500# and by the time I wants to withdraw it's 700# will it be converted to 700# when I want it or it will be the initial amount I used in saving ?

If U saved in dollars, U will b paid in the current dollar rates, dats why its a dollar account
Re: How Does Piggyvest Work When Saving In Dollar by jaybase4(m): 12:19pm On Oct 11, 2021
I intend investing in dollar account too
Re: How Does Piggyvest Work When Saving In Dollar by jaybase4(m): 12:44pm On Oct 11, 2021
golor:
Pls I intend to start saving in piggy vest (in dollar ) I want to know the value of my money when I wants to get it ...if for instance I saved when dollar is 500# and by the time I wants to withdraw it's 700# will it be converted to 700# when I want it or it will be the initial amount I used in saving ?

I intend investing in the same dollar account but haven't made up my mind yet about it

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