Which Bank Has Best Savings Account Interest Rate in Nigeria

If you choose to open a deposit with them youll be offered. With Union Bank regular savings accounts can earn up to 42 interest per annum for Naira accounts and 02 interest per annum for foreign currency accounts.

Ten Top Nigerian Banks Rake In N34 4trn Deposit In First 9 Months Of 2021 Tribune Online

The honorary first place goes to Sterling Bank.

. Cowrywise іѕ another savings and investment platform in Nigeria that offer good interest rates up to 15. Well tell you about the Nigerian bank that guarantees you 6 interest on your deposit. 5 for one month.

I can authoritatively say that most banks if not all pay 42 per annum. In simple terms interest in relation to savings is the amount a financial institution. Ad View the Savings Accounts That Have the Highest Interest Rates in 2022.

As of our last available data Sterling can offer you the best interest rates in Nigeria. 29 rows Savings Deposit. An account can be opened with only 1000 Naira on it.

Love stress-free loans without going through all the shitty registration process. ALAT prides itself as Nigerias fully digital bank designed by one of the oldest banks in the country. FIXED DEPOSIT INTEREST RATES AT STERLING BANK.

55 for three months. CIBC Agility - 062 APY. Axos Bank - 061 APY 14.

4 rows Fidelity Bank currently offers the highest interest rates for savings deposit accounts. They are a leading company worth 213 billion in total assets. Note that some banks opt to call their savings accounts money market accounts.

You can also opt for the V Target Savings alternative. Interest on savings in a simple term. As one of the top banks in Nigeria Diamond bank allows all interested individuals to earn interest on their saving accounts.

Aside from being the oldest bank in the country First Bank is among the top 10 best banks in Nigeria to open a savings account with. This would probably be where wed bank if not for Pennywise as Kudabank offers the highest interest rate of any insuredsecure bank in Nigeria that we believe to be legitimate and financially healthy. The Central Bank of Nigeria CBN being the regulator of the banking industry directed banks to pay a minimum of 30 per cent of the Monetary Policy Rate MPR as interest on savings.

Real Time Rate Comparison. You can open an account with zero balance. Zenith bank has been one of the best banks in Nigeria with good customer service.

Love stress-free loans without going through all the shitty registration process. Average Fixed deposit rates of Nigerian banks as at August 10 2012 Those with Fixed rates FCMB 1375 Stanbic IBTC Bank 1326 Diamond bank 10 Those with varying rates Access bank 375 - 14 Unity bank 3 - 1275 Union bank 600 - 1200 Zenith bank 300 to 1150 Sterling bank 725 - 1025 So now that you know which bank. They offer their customers up to 14 interest on these deposits.

Zenith bank has two types of domiciliary accounts. Highest Yielding Saving Account. It pays average rate of N062 percent followed by Union Bank plc which pays N107 percent to their customers.

The reason for this is simple. First Bank of Nigeria. Its savings interest is at 10.

For users of ALAT their debit cards are delivered to the account holders address. Secure Bnking Open an Account Easily No Minimum Deposit No Account Fees. Theres another account type called UnionMax which is suitable for individuals who want to reduce the effect of inflation on their savings or for those who intend to set funds aside for retirement or investment.

It helps people save more with a certain interest rate. FIRST BANK OF NIGERIA. Ad Fee-Free Savings Accounts Best-in-Class Banking Secure.

The ordinary domiciliary account. Open Online in Minutes. First bank was established in 1894 and is Nigerias oldest bank.

Here are the main benefits of this offer. Alliant Credit Union Ally Bank Amerant Bank America First Credit Union American Express National Bank Axos Bank Bank 5. Eight Best Money-saving apps with high interest rates in Nigeria.

Traditionally money market accounts offer the ability to write. The bank will match 20 of your first contribution towards the desired target amount and offer an 8 compounded interest per annum with this savings account. The bank with the lowest interest payment on savings account is Providus Bank Limited.

Outside the shores of Nigeria specifically in far-away India only three banks -Yes Bank RBL Bank Bandhan Bank- can turn in such high interest on savings. What bank has the best savings interest rate and what is the rate. Vbank has one of the best interest rates on a fixed account in Nigeria.

525 for two months. ALAT ALAT is Nigerias first ever fully digital bank and tops this list for a. These financial institutions are featured in our savings rate research.

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