Bank with the highest fixed deposit interest rate in nigeria

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 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

28 Jan 2019 One thing we know is that Nigeria's high interest rates stifle business rate the central bank gives commercial banks when they deposit their funds there. in a fixed deposit for one year because I want that juicy 15% interest  9 Oct 2018 It allows you to earn a guaranteed, competitive interest rate and not have to think about setting money asi Some banks offer fixed deposit in six-month, one- year, 18-month and three-year in some cases READ ALSO: Only PDP can salvage Nigeria –Wike. Don't forget to shop around for the best rates. Let the Sterling Recurring Deposit Account aid your purposeful, incremental saving while you earn amazing interest. Fixed Deposit. This is an investment account with a defined rate of interest for a certain period of rates and allow retail investors to help fund infrastructure projects in Nigeria whilst earning an income. RMB Nigeria indicative term deposit rates. NGN, CALL, 1-m, 2-m, 3-m 

Want to grow your money without having to pay any bank charges? With competitive interest rates, an ordinary Fixed Deposit account will give you an 

Invest a once-off deposit of at least R1 000, and leave it to grow for up to five years to earn the highest interest rate. Earn additional interest if you open this  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  Bajaj Finance Best Investment Plans. Home; >; Fixed Fixed Deposit Calculator Bajaj Finance is now offering interest rates of up to 8.05% on Fixed Deposits. 11 Mar 2020 Our guide to finding the best bank interest rates on savings accounts Minimum initial deposit: $100; Minimum ongoing balance: $100  16 Dec 2019 The decision by the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Similarly, deposit rates paid by banks to customers have also dropped are offering as low as two per cent to customers on fixed/ term deposit.

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.

This is a list of countries by annualized interest rate set by the central bank for charging commercial, depository banks for loans to meet temporary shortages of   Invest a once-off deposit of at least R1 000, and leave it to grow for up to five years to earn the highest interest rate. Earn additional interest if you open this 

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 

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 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. 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.

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.

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)  This is a list of countries by annualized interest rate set by the central bank for charging commercial, depository banks for loans to meet temporary shortages of   Invest a once-off deposit of at least R1 000, and leave it to grow for up to five years to earn the highest interest rate. Earn additional interest if you open this  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  Bajaj Finance Best Investment Plans. Home; >; Fixed Fixed Deposit Calculator Bajaj Finance is now offering interest rates of up to 8.05% on Fixed Deposits. 11 Mar 2020 Our guide to finding the best bank interest rates on savings accounts Minimum initial deposit: $100; Minimum ongoing balance: $100 

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.