Stanbic ibtc bank has the highest fixed deposit interest rate in Nigeria as at 2020 so far. Don't Miss!!! Treasury bills in Nigeria and how it works · best fixed deposit It is an investment account with a specific amount invested at an agreed interest rate and tenor. Based on customer's instructions, at the end of agreed period Fixed deposit interest rates offered by banks in Nigeria, Current Nigeria Banks Deposits Rates as published by Centreal Bank of Nigeria CBN. A short term investment at an agreed/fixed rate with a tenor of between 30-90 days. We offer competitive interest rates on this short – term money market product for This site uses cookies to give you the best user experience on our website. Zenith Bank Certificate of Deposit (CD) & Short Term Investment Fund (STIF) 13 Oct 2017 a bank? You can find out the ➨ best FIXED DEPOSIT interest rates in Nigeria ➨ here! But what bank offers the highest rates? Where can
First Bank of Nigeria. If you deposit 500,000 naira with this bank for fixed deposit, the money will increase by 2.5% after just 30 days of the investment. After 60 days, it would have increased by up to 2.7%. The money will, however increase by 30% after 90 days of the investment. FCMB is one of the bank with good interest on fixed deposit, you can get an interest rate as high as 11%. Be informed that the minimum amount you can invest in deposit is N250,000, and the duration is 30 days, 60 days, 90 days, 180 days and 360 days. Some of the Best Fixed Deposit Interest Rates in Nigeria you can Explore: PiggyBank Nigeria. PiggyBank lets you automate your savings for a predefined period so that on an interval (daily, weekly or monthly) the amount you specified will be deducted from your bank and deposited into a locked account.
Nigeria's Bank Lending Rate was reported at 14.970 % pa in Jan 2020. This records a decrease from the previous number of 14.990 % pa for Dec 2019. 1 Jan 2020 Created with Sketch. Internet Banking. Online share trading. Nigeria If you have a lump sum of money to invest and desire amazing returns on it, then With our Fixed Deposit Account, you can earn more interest on your deposits from a Competitive interest rates that earns good returns on your deposit.
ly, interest rate structure in Nigeria is not a good indicator of the scarcity or availability Savings deposits rates also remained at a low and stable rate The Central Bank has also been concerned to see that the government should volume of financial assets offered in the market i, represents the administratively fixed. 3 Jan 2020 Treasury bill rates attraction for individual investors may have ended with of the instruction by the Central Bank of Nigeria (CBN) in October to Using a VC is usually a good bet if you are unsure of how to go about investing in startups. Interest rates on fixed deposits in commercial banks may have lost
As of our last available data, Sterling can offer you the best interest rates in Nigeria. If you choose to open a deposit with them, you’ll be offered: 5% for one month; 5.25% for two months; 5.5% for three months; Now you know everything about fixed deposit interest rate in Nigeria, and know which bank to visit to get the best offer. Top Nigerian Banks with Best Saving Accounts Interest Rate. By Josephine Stevens. Savings account offers you interest rates on your deposits with 2% being the minimum interest rates and 6% the highest interest rate a bank offers. Banks with Highest Interest Rates in Nigeria. There are however, some banks that offer unique packages for Compare interest rates for fixed term deposits from major banks within Nigeria. Find the highest equivalent fixed deposit, time deposit, certificate of deposit or cd rates interest rates in Nigeria, Africa and around the world. These are the interest rates banks pay on their fixed deposit products. We endeavor to provide the latest rates, as soon as they are available. Fixed deposits in Nigeria is a type of savings account which lasts for a set period of time. How to invest and calculate your fixed deposit interest rates in Nigeria. Fixed deposit interest rates – The stock in trade when you talk about banking is money, so long people would want to keep their funds with the bank for safety and investment purposes, banking will continue to thrive. First Bank fixed deposit interest rates are at the middle of rates offered by the whole commercial bank fixed deposit market. For deposits from ₦100k up to ₦5m, they range from 5.25% deposited 30days to 7% when left for 1year. You can get higher rates for 6month and 1year tenures with the FirstPremium Term Deposit account. Fixed deposits are just a high-interest savings account and if the rates on a fixed deposit falls below that of a savings account, then it’s time to move. The only upside to them is the fact that rates are not fixed, but in this economic climate, I wouldn’t hold my breath for the rates to improve!