Bank with the highest fixed deposit interest rate in nigeria

Are you wondering which bank offers the highest rates  Fixed Deposits in Nigeria. Making you money on interest rates. Savings interest rates in Nigerian Banks. Fixed Deposit Accounts.

First Bank of Nigeria fixed deposit account interest rate The interest rate of First Bank of Nigeria fixed deposit in 30 days of investment or one month is 2.5% of the sum deposited. After 60 days, it will increase by 2.7%. How to calculate fixed deposit interest rate in Nigeria 2020 This is one of the basic thing that you should when planning to fix your money in the bank, how to calculate the interest rate on fixed deposit in Nigeria. I will use fcmb fixed deposit rate. N500,000 for 360 days(one year) with an interest of 7.5%. 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. Sterling Bank fixed deposit account interest rate This customer friendly bank gives out the highest interest rate in Nigeria as your investment increases by 5% after 30 days, 5.25% interest rate after 60 days and 5.5% after 90 days of investment. How To Calculated Fixed Deposit Interest Rate in Nigeria. So, for example, you want to fix N500,000 for 60 days and the bank has offered you an interest rate of 7%. You have N550,000 in your account. 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. 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.

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.

FIXED DEPOSIT INTEREST RATES IN NIGERIA in 2019. There are no particular fixed deposit interest rates in the Nigerian banking sector, it stands to imply that a rate you obtain from one bank varies from that obtained from another, always bear in mind that these rates are negotiable with these banks. Your account officer is struggling to win a favorable rate for the bank while you are on course to increase your yield. With the high rate of inflation back home, then, it probably does not make economic sense, to deposit your money in fixed deposit, because your Naira would depreciate in the long run. Some banks, like WAMU and HSBC are offering rates of 5 and 6%, which actually boosts the value of your money, because inflation in the states generally isnt high Access Bank Fixed Deposit Interest Rate - Latest Fixed Deposit Account Interest For 30, 60, 90 & 180 Days In Nigeria From Access Bank Plc 2019 - You can connect the bank for 2018, 2019, 2019, 2020 and 2021 rate. Fixed Deposit Account The Fixed Deposit Account is made for the individual or corporate customer who is looking to earn interest on money invested over a period of time. With a minimum opening balance of N100,000, this account allows you to determine tenor of investment at an agreed interest rate. Investment period (tenor) is a minimum of 30 days and a maximum of 360 days. Minimum opening balance is N100, 000. Amount can be terminated before maturity but accrued interest will be forfeited. Amount can be terminated at customer’s discretion. Interest Rate in Nigeria averaged 11.14 percent from 2007 until 2020, reaching an all time high of 14 percent in July of 2016 and a record low of 6 percent in July of 2009. This page provides - Nigeria Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Bank of Nigeria Deposit Interest Rate in Nigeria decreased to 9.48 percent in March from 9.68 percent in February of 2019. Deposit Interest Rate in Nigeria averaged 9.64 percent from 1970 until 2019, reaching an all time high of 27 percent in September of 1993 and a record low of 2 percent in April of 1976.

How To Calculated Fixed Deposit Interest Rate in Nigeria. So, for example, you want to fix N500,000 for 60 days and the bank has offered you an interest rate of 7%. You have N550,000 in your account.

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. Sterling Bank fixed deposit account interest rate This customer friendly bank gives out the highest interest rate in Nigeria as your investment increases by 5% after 30 days, 5.25% interest rate after 60 days and 5.5% after 90 days of investment. 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 customers’ savings account with interest rates higher than others. 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.

This is an investment account, where money deposited for a fixed period earns a higher interest rate than a savings account. You can get fixed deposit accounts 

A regional commercial bank operating in many African countries. Nigeria, Other Investment Solutions · Fixed Income Fund · Money Market Fund Ecobank can help you plan for the future with our range of Term Deposits. By fixing a high interest rate on your savings, Ecobank Term Deposits can guarantee the rate on  Minimum operating balance is N50,000; Highly competitive interest rate; Easy access to your account; Available to Individuals, Groups and Associations; You 

Fixed Deposit Account The Fixed Deposit Account is made for the individual or corporate customer who is looking to earn interest on money invested over a period of time. With a minimum opening balance of N100,000, this account allows you to determine tenor of investment at an agreed interest rate.

This is an investment account, where money deposited for a fixed period earns a higher interest rate than a savings account. You can get fixed deposit accounts  Guaranty Trust Bank is a leading African Bank that offers Online/Internet Banking, Retail on a long term basis, our Fixed/Tenured Deposits offers the best options for you and your business. A Fixed/Tenured Deposit is a tenured investment account with a specific amount invested at an agreed interest rate and tenure.

Fixed deposit interest rates offered by banks in Nigeria, Current Nigeria Banks Deposits Rates as published by Centreal Bank of Nigeria CBN 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. Sterling Bank fixed deposit account interest rate This customer friendly bank gives out the highest interest rate in Nigeria as your investment increases by 5% after 30 days, 5.25% interest rate after 60 days and 5.5% after 90 days of investment. 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 customers’ savings account with interest rates higher than others. 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.