Updated September 28, 2026 · VaultCue Editorial Team
monobank vs PiggyVest
monobank
PiggyVest
Higher score in this comparison
monobank vs PiggyVest: the differences
| Compare | monobankReviewSee alternativesSee alternatives | PiggyVestReviewSee alternativesSee alternatives |
|---|---|---|
| Headline rate | 16%Higher | 12% |
| Rate type | Fixed | Variable |
| Access terms | Fixed or flexible terms of 3 to 24 months, withdraw or reinvest anytime, auto-renews by default | Free withdrawal to a Nigerian bank account or PocketApp account at any time; max 4 withdrawals a month to a bank account and 6 a month to PocketApp before all accrued interest is lost; one withdrawal every 10 hours; minimum withdrawal N2,000 |
| Monthly fee | UAH 0 | NGN 0 |
| Account kind | Fixed | Easy access |
| Term | 12 to 24 months | Not confirmed |
| Minimum deposit | UAH 1,000 | Not confirmed |
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Key differences
- Headline rate is higher at monobank: 16% vs 12%.
- Support channels: only monobank offers Chat.
- Pricing model: only monobank offers Fixed rate.
- Pricing model: only PiggyVest offers No monthly fee.
Our verdict on each
monobank
Monobank offers a headline rate of 16% with a business and freelancer account that costs nothing to run, which suits traders who can leave hryvnia alone for a set term. The trade-off is the minimum you must place and the lock-in, so anyone wanting same-day access should weigh an easy-access account.
PiggyVest
PiggyVest suits Nigerian savers who want easy access to their money and a rate well above the 3% median. The easy-access account pays 12% on a variable basis, charges a monthly fee of NGN 0 and runs through the Securities and Exchange Commission of Nigeria.
Score breakdown
| Area | monobank | PiggyVest |
|---|---|---|
| Offer | Not confirmed | 9.5No monthly charge of NGN 0 on an easy-access account paying 12%, plus a digital-only service and support on email, phone and help centre. |
| Trust | Not confirmed | 8.4 |
Where each is licensed and available
| Country | monobank | PiggyVest |
|---|---|---|
| Nigeria | Not confirmed | Securities and Exchange Commission of Nigeria RC No. 1760152 |
| Ukraine | Not confirmed |
Additional countries for monobank: 1. Additional countries for PiggyVest: 1.
How they place
| Ranking | monobank | PiggyVest |
|---|---|---|
| Savings accounts | 1185 of 1420 | 477 of 1420 |
| Multi-currency accounts | 313 of 348 | 196 of 348 |
| Online banks | 328 of 402 | 149 of 402 |
If neither fits
Mercado Pago has headline rate at 105%, against 16% for monobank and 12% for PiggyVest.
Mercado Pago reviewWhere these facts come from
monobank
- monobank.ua: 11 facts, checked September 26, 2026
PiggyVest
- piggyvest.com: 9 facts, checked September 26, 2026
- en.wikipedia.org: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | monobank | PiggyVest |
|---|---|---|
| Pricing model | Fixed rate | No monthly fee |
| Legal entity | JOINT STOCK COMPANY "UNIVERSAL BANK" | Piggytech Global Limited |
| Headquarters | Ukraine | Nigeria |
| Founded | Not confirmed | 2016 |
| Support channels | Email, Chat, Phone, Help centreCovers more | Email, Phone, Help centre |
Everyday accounts
| Fact | monobank | PiggyVest |
|---|---|---|
| Currency conversion fee | 0% | Not confirmed |
| Currencies | 3Higher | 2 |
| Audience | Business, Freelancer | Not confirmed |
| Features | Digital only | Digital only |
| Local account details | IBAN | Us ACH |
| Free ATM withdrawals | UAH 50,000 | Not confirmed |
| Transfer fee | 0 UAH for transfers to any IBAN account | 0 NGN - no bank charges for transferring money to a PiggyVest account |
Where each stands against the rest
| Fact | monobank | PiggyVest | Median |
|---|---|---|---|
| Headline rate | 16%highest quarter | 12%highest quarter | 3.25% |
| Term | 12 to 24 monthsat the median | Not confirmed | 24 |
| Minimum deposit | UAH 1,000at the median | Not confirmed | UAH 1,000 |
Median across 658 listed accounts.
Pros and cons
monobank
Pros
- A headline rate of 16% on a fixed deposit sits far above PayPal Colombia at 3.3%.
- The monthly fee is UAH 0, and sending money to another IBAN account costs 0 UAH for transfers to any IBAN account.
- Currency conversion is 0%, so converting between currencies costs nothing.
Cons
- The term runs 12 to 24 and the deposit renews itself by default, so a long commitment keeps rolling.
- A minimum deposit of UAH 1,000 has to sit in the account before the balance starts earning.
- The headline rate of 16% is below Plazo ES at 24.19% and AXI Card Tarjeta y Credito at 21.59%.
PiggyVest
Pros
- A monthly fee of NGN 0 on an easy access account, so nothing is deducted for holding the balance
- Withdrawals are free to a Nigerian bank account or a PocketApp account, and transfers into the account carry no bank charges
- The 12% rate sits well above the 3% median rate on the site
Cons
- Withdrawal rules bite: monthly caps apply to bank and PocketApp payouts and all accrued interest is lost beyond them
- The service is digital only, so there is no branch to visit
- Access covers 2 currencies only, which limits anyone holding money abroad
Who each suits
monobank
Who it suits
- A Ukrainian business that can leave its balance alone for 12 to 24 and wants the return fixed.
- A freelancer paid by Ukrainian clients who wants local account details in the form of iban.
- A saver who reads the rate before anything else: 16% sits well above the 3% median across the site.
Who should look elsewhere
- Rate chasers: Plazo ES lists 24.19% and AXI Card Tarjeta y Credito 21.59%, both above monobank's 16%.
- Anyone who needs the money on demand, because the term runs 12 to 24 and the deposit renews itself by default. PayPal Colombia at 3.3% is worth weighing for anyone who accepts a much smaller return.
PiggyVest
Who it suits
- Savers in Nigeria who need flexible access rather than a fixed term
- Readers who want a high rate without a monthly charge
- People who bank and save through an app rather than in person
Who should look elsewhere
- Anyone saving on a fixed term, since the account is easy access and the rate is variable
- Savers who need many currencies, since the account covers 2
- Readers who want branch service, since the service is digital only
Country by country
| Country | monobank | PiggyVest |
|---|---|---|
| Nigeria | No | Yes |
| Ukraine | Yes | No |
Questions about each
monobank
What rate does monobank pay on its deposit?+
The deposit advertises a headline rate of 16% and the rate is fixed, so the figure holds for the whole placement rather than drifting with the market. For context, PayPal Colombia lists 3.3% on its savings product. That gap is the main reason a saver would pick this account.
How long do I have to leave the money in the deposit?+
The published term is 12 to 24 and the rate is fixed for that whole period. Terms can be taken as a fixed stretch or as a flexible one, so the length you sign up for is a choice rather than a single window. Readers who want shorter placements should set this against an easy-access account.
PiggyVest
What rate does PiggyVest pay on savings?+
The headline rate is 12% and it is variable, so the return can move instead of being held to a fixed term. That compares with a median of 3% across the brands on the site. The account kind is easy access.
How much does a PiggyVest account cost to hold?+
The monthly fee is NGN 0, and the model is no monthly fee. Transfers into the account carry no bank charges. Withdrawals out are free to a Nigerian bank account or a PocketApp account.
Other options to compare
Other matchups
Related by the facts
monobank
PiggyVest