Below is a list of interest rates of 6 top banks in Nigerian fixed deposit account. A fixed deposit is a kind of bank service also called FD which grants you a guaranteed interest rate which is different from other types of deposits. The interest rate of Stanbic IBTC fixed deposit account after 180 days of investment is 0.5% on N1million as at 10/3/2020. It’s rather simple. This is one of the oldest banking establishments in the country, having lived through numerous incarnations and still going strong. Please, I want to know If one can actually deposit 100,000 and if yes, what’s the interest rate or is it only from half a million and above? You can choose to open several fixed deposits at different banks and reap the interests alone. Then after 90 days, it would increase by 30%. Post office offers fixed deposits from 1 to 5 year period. bulk deposit rate – rates for >= 2 crores (w.e.f. Currently, Suryodaya Small Finance Banks is offering the highest FD interest rate of 7.50%, for select tenure. for tenure 7 days - 10 years. If you are their priority banking customer, you can get a preferential rate of 0.30% p.a. Fixed deposit is a large sum of money deposited with a bank for an agreed period in exchange for interest after investment. So you can invest your money and know exactly what you will receive at maturity “Risk free returns on your investment”Fixed deposits offer attractive interest rates and runs for a pre-defined tenor. June 22, 2020 Features & Benefits of IDFC Bank Fixed Deposit. Fees could reduce earning on the account. Fixed Deposit: Nominal Rates Published at 2020-12-04 Period R10 000-R249 999.99 R250 000-R499 999.99 ... First National Bank - a division of FirstRand Bank Limited. 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. but I kind of trust first bank. That’s more like what banks pay on FD. Just back in 2009, the average big four term deposit rate was 5.25%, when the RBA cash rate was 7.2%. Fixed Deposit Interest Rates of Banks in Nigeria (2021), 1. The money will also appreciate if you leave it. Senior citizens are getting 8.00% rate of interest. So an investment at 3% (annual) interest rate works out at 3/12% or 0.25% per month. Fixed deposit interest rates offered by banks in Nigeria, Current Nigeria Banks Deposits Rates as published by Centreal Bank of Nigeria CBN Is FD a safe investment option? Such an endeavour will also come in handy for choosing a suitable combination of tenure and deposit amount. Get fixed deposits at attractive interest rates at Axis Bank and ensure good returns on your investment. Average Balance in Quarter (INR) Rate of Interest p.a. In fact, a few decades ago you could get your hands on a term deposit with an interest rate of 17%. Fixed deposit in GTBank for 30 days, 60 days or 90 days or any length of time yields 4.5% interest rate. The honorary first place goes to Sterling Bank. This updated article provides answers as to the banks you can get the best fixed deposit rates in Nigeria 2017. i.e, if they invest #100,000, you will get #500 and so on. You have entered an incorrect email address! Lucky for you, you can find a list of the Top 6 Nigerian banks with the best interest rates below: The First Bank of Nigeria is one of the oldest and most reliable options on the market. The more you invest – the higher the interest. I suppose the interest rates you gave are annual rates. Fixed Deposit Interest Rates of Banks in Nigeria (2021), How To Open A Domiciliary Account In Nigeria (2021), 10 Best Microfinance Banks in Nigeria (2021), The Difference Between Savings Account and Current Account in Nigeria, 1. The Bank pays interest on deposits as per various deposit schemes. If after 60 days, the money isn’t touched, it will increase by 4.35%. Remember that the banking industry is an ever-changing system, so be on the lookout for any new opportunities. 1. Since then, some banks could have changed their rates, because that’s the way they operate. For Wema bank, after 30 days of investment with the deposited sum, interest rate of 3% is paid into your account while after 60 days, it will yield 3.25%. The interest amount calculated is rounded off to the nearest rupee. Click here to know more about fd interest rates so that you can choose the best suited fixed deposit … Even though they don’t offer the best interest, you can be 100% sure that they will pay you back every last Naira. Revised interest rates are applicable only to the renewals and fresh deposits while existing deposit continue to get interest at the contracted rate: Interest Rate on Term Deposits (w.e.f. Wema Bank fixed deposit account interest rate, 4. Marginal Cost of funds based Lending Rates (MCLR) Savings Account Interest Rates w.e.f September 7, 2020. If you choose to open a deposit with them, you’ll be offered: Now you know everything about fixed deposit interest rate in Nigeria, and know which bank to visit to get the best offer. We know that one of the safest options to do this by opening a fixed deposit in one of the Nigerian banks. IDFC First Bank FD Interest Rates (Last Updated 20th Nov 2020) This table offers a valuable insight into the IDFC Bank FD interest rates and helps to make an informed comparison. Standard Chartered SGD Fixed Deposit. 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. As per the decision taken by the Competent Authority rate of interest on Bulk Term deposit above Rs. The interest rate of Stanbic IBTC fixed deposit account after 30 days of investment is 3%. All interest payments for the APY will be made at the end of the term or annually, whichever occurs first. The minimum placement is S$25,000. Pls sir if I invest 100,000 in sterling bank, after 1 year, how will be my interest rate. The fifth place for goes to Stanbic. As of our last available data, Sterling can offer you the best interest rates in Nigeria. While GT offers the same rates as the previous member of our list, it gives an equal opportunity to all deposit lengths. 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. Term Deposit Interest Rates w.e.f January 04, 2021. Today’s deposit rates really pale in comparison with interest rates of the past. SBI offers lowest FD interest rates. For Wema bank, after 30 days of investment with the deposited sum, interest rate of 3% is paid into your account while after 60 days, it will yield 3.25%. If you choose to go with this option, you’ll enjoy marginally better rates, although the numbers still aren’t as impressive as you would expect. Earn a higher, fixed interest rate with a Union Bank Certificate of Deposit Account. For an average deposit of half a million Naira you’ll receive the following: The third place goes to the Access Bank, which promises rates almost twice as good as the ones offered by First Bank. This will be applicable for deposits booked on or after 24th January 2011. Wat will be the interest rate of 1.5m wit zenith bank sir. This is one of the oldest banking establishments in the country, having lived through numerous incarnations and still going strong. Bro Unity Bank has the best for 2020 thank me later. Savings Bank Account interest is calculated on a daily basis on the daily closing balance in the Account, at the rate specified by ICICI Bank in accordance with Reserve Bank of India directives. Ibukun is a professional Nigerian blogger and former contributor on Nigerian Infopedia. Apply online now. Would love your thoughts, please comment. The shortest possible term is a single month, while the longest can go for five years max. After 60 days, it will increase by 2.7%. Deposits maturing in 1 year to less than 18 months will fetch interest of 4.90 percent while those maturing in 18 months to 2 years will give you 5 percent interest. As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of the fixed deposit and interest will be paid at the contracted rate irrespective of change in the fixed deposit rates thereafter. Fixed deposits vary in length of time. Hence depositor will ascertain the rates as on the date of placement from the website. Try SunTrust Bank, you can get up to 7-10% based on the amount and tenor. Comment:it’s a lie Gtbank fit deposit interest rate is 0.5% it’s not even up to 1thousand naira monthly. January 1, 2021. Sterling Bank fixed deposit account interest rate, 6. Home Loan and LAP Rate of Interest w.e.f. Nigerian banks fixed deposit rates differ from one bank to the other. Copyright © 2021. For an average deposit of half a million Naira you’ll receive the following: For an investment of half a million Naira, you’ll be offered 4.5% interest no matter the period of time you sign up for. You can choose to open several fixed deposits at different banks and reap the interests alone. Get 0.20% p.a. The interest rates for FDs range within 3.00% p.a. Fixed deposits vary in the length of time. Also be aware that you will need to have an existing account with the bank, and then you deposit the agreed sum you want to fix into this account. Annual Percentage Yield (APY) assumes principal and interest remain on deposit for the term of the certificate. Consider sharing this article with your friends, and good luck with your investment! FAQs about Fixed Deposit Which bank is offering the highest fixed deposit interest rates? Consider sharing this article with your friends, and good luck with your investment! For a sum of half a million you can enjoy the following rates: Important notice: In some of the banks present on this list, the rate percentage depends on the amount you are ready to deposit. Return to content, Footnote 3 31.03.2020: On balance upto & including Rs. 10.09.2020 Revised Rates for Senior Citizens w.e.f. Which bank is the best to invest on fix deposit 2020. If it is left untouched for 90 days, it will appreciate by 3.75%. 5. Fixed Deposit (FDs) or Term Deposits are one of the most important investment products offered by the bank. Be sure to double-check this information with a bank representative before committing to a deposit and signing anything. The fifth place for goes to Stanbic. In fact, according to the current trends, most of the banks are offering FD interest rates for non-senior citizen depositors in the range of 3%-5.4% p.a. You can check Post Office Fixed Deposits details here. You take a list of the biggest, most reliable banks in the country, and crunch the numbers to see which one of them offers the highest interest rates. Also be aware that you will need to have an existing account with the bank, and then you deposit the agreed sum you want to fix into this account. Below is a list of interest rates of 6 top banks in Nigerian fixed deposit account: 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. Fixed Deposit - Get fixed deposits with high interest rates at Kotak Mahindra Bank to earn good returns on your investment. For an average deposit of half a million Naira you’ll receive the following: For an investment of half a million Naira, you’ll be offered 4.5% interest no matter the period of time you sign up for. Thanks for this info though……. It is an important decision to invest your savings into something. 10) Interest rates offered on these deposits vary from bank to bank. If it is left untouched for 90 days, it will appreciate by 3.75%. All Rights Reserved. A fixed deposit is a kind of bank service also called FD which grants you a guaranteed interest rate which is different from other types of deposits. You are sure of your interest with no risk involved. Nigerian banks fixed deposit rates differs from one bank to the other. You are sure of your interest with no risk involved. Although, there are small interest rates attached, there are also several benefits of this type of investment if you choose to setup a fixed deposit account which include: Let’s say you’ve decided to invest your money in a fixed deposit, but where do you go from here? Stanbic IBTC fixed deposit account interest rate Based on customer’s instructions, at the end of agreed period (tenor), the investment can either be rolled over (re-invested) or liquidated (returned to customer) with the interest amount earned. Since then, some banks could have changed their rates, because that’s the way they operate. What this means is that your N500,000 FD investment can yield an interest of N1,250 after one month. 5.00 crores stands revised as below w.e.f. Access Bank fixed deposit account interest rate, 5. The money will also appreciate if you leave it. 16-01-2021) fcnr rates above 5 million For an investment of half a million Naira, you’ll be presented with: Stambic IBTC Bank pays 0.5% interest on 180 days tenor on N1million as at 10/3/2020. GTBank fixed deposit account interest rate, 6. What differentiates FD from other kinds of saving investments, is that you do not receive your interest every thirty days, but only once when your contract ends. If you choose to open a deposit with them, you’ll be offered: Now you know everything about fixed deposit interest rate in Nigeria, and know which bank to visit to get the best offer. Fixed deposit in GTBank for 30 days, 60 days or 90 days or any length of time yields 3% interest rate. First Bank of Nigeria fixed deposit account interest rate, 2. Interest on Fixed Deposit can be paid for a period of less than a quarter (monthly interest payout) at the discounted interest rates as per regulatory directives. GTBank fixed deposit account interest rate, 6. Invest your money as little as 1000# @investment one … They are reliable GTB gave birth to it… And earn your interest daily…..with interest of 10% .. Be sure to double-check this information with a bank representative before committing to a deposit and signing anything. Are you wondering which bank offers the highest rates for you to make more money? As of our last available data, Sterling can offer you the best interest rates in Nigeria. Overall Best Fixed Deposits Rates for 2021 African Bank has the best fixed deposits for 2020 with a 12.22% interest rate, followed by Discovery Bank at 9.01% and FNB at … (6-month) with Standard Chartered time deposit!. Wema Bank fixed deposit account interest rate, 4. Existing Rates for Senior Citizens w.e.f. Access Bank fixed deposit account interest rate, 5. 25.00 lakhs: 3.00% p.a. 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. IDFC offers FD rates varies between 3.00% p.a. Fixed Deposit Account It is an investment account with a specific amount invested at an agreed interest rate and tenor. Since you know exactly how much money you’ll receive in the end, you are expected not to withdraw your funds before the expiration the agreed time of your fixed deposit. 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. The bank will remove the money to be fixed and would pay interest monthly (30 days) into your account. We have listed the best top banks in Nigeria with their various interest rate for you to compare and make your choice below. The more you invest – the higher the interest. Note: As per the Terms & Conditions of Fixed Deposit Accounts of the bank, the penalty on premature closure of Fixed Deposits including sweep-in and partial closures has been fixed by the Bank at the rate of 1% provided your RFC FD interest is equivalent to 1% or more . The shortest possible term is a single month, while the longest can go for five years max. The bank is offering an interest of 5.00% for FDs maturities in 7 days to 60 days, 5.70% for maturities between 61 days to 90 days and 6.00% for maturities between 91 to 180 days. A fixed deposit is a large sum of money deposited with a bank for an agreed period in exchange for interest after investment. T&I/MUM/TDR-68/2019-20 Then after 90 days, it would increase by 30%. After 60 days, it will increase by 2.7%. Fixed deposits offer attractive interest rates and runs for a pre-defined tenor. The IDFC FIRST Bank Fixed Deposit offers 7.50% interest rate. While GT offers the same rates as the previous member of our list, it gives an equal opportunity to all deposit lengths. Although, there are small interest rates attached, there are also several benefits of this type of investment if you choose to setup a fixed deposit account which include: Let’s say you’ve decided to invest your money in a fixed deposit, but where do you go from here? First Bank of Nigeria Fixed Deposit Rates, What to Know Before Opening a Domiciliary Account in Nigeria, How To Register A Foreign-Owned Business in Nigeria, List of All Fidelity Bank Sort Codes in Nigeria, How to List Your Company on the Nigerian Stock Exchange (NSE), Largest Networks in Nigeria by Market Share, Television Stations in Nigeria and Their Frequencies, Everything you Need to Know About Zoom Lifestyle Lottery, List of All Major Political Crises in Nigeria Till Date, Cold Stone Creamery Contact Details & Outlets in Nigeria. Earn additional interest if you open this account online, in our mobile banking app or at an AutoPlus ATM. FCNR Deposit Interest Rates w.e.f. These rates will not be applicable for existing deposits booked at earlier rates. IDFC Bank is one of the most established commercial banks of the country. Disclaimer: All of the data provided here is accurate as of the first half of 2019. You divide this annual rate by 12, 6, or 4 to get the monthly, bimonthly, or quarterly rates respectively. What differentiates FD from other kinds of saving investments, is that you do not receive your interest every thirty days, but only once when your contract ends. You take a list of the biggest, most reliable banks in the country, and crunch the numbers to see which one of them offers the highest interest rates. savings account and retail deposit rate. It’s rather simple. Interest Rate for Savings Bank Accounts wef 17th June 2020. to 7.25% p.a. 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Disclaimer: All of the data provided here is accurate as of the first half of 2017. Stanbic IBTC fixed deposit account interest rate, 3. Then after 90 days, it will increase by 4.5%. September 30, 2020. NigerianWiki. Offers better interest than a normal savings account. Stanbic IBTC fixed deposit account interest rate, 3. The bank will remove the money to be fixed and would pay interest monthly (30 days) into your account. Access bank interest rate for fixed deposit is slightly higher as if you deposit 600,000 Naira into fixed deposit, it will appreciate by 4% after 30 days of investment. Awesome…. While large banks like State bank of India offer the lowest rate on tax-saving deposits, some of the smaller private sector banks offer attractive rates on these deposits. Interest Rates are revised from time to time and made known to public. Just outside of the Top 3, we have the Wema Bank. The interest rate of Stanbic IBTC fixed deposit account after 180 days of investment is 0.5% on N1million as at 10/3/2020. If you choose to go with this option, you’ll enjoy marginally better rates, although the numbers still aren’t as impressive as you would expect. Nigerian Infopedia is Nigeria's authoritative top quality information website that provides resourceful information about her culture, people and things associated with Nigerians. Then after 90 days, it will increase by 4.5%. The honorary first place goes to Sterling Bank. Federal Bank revises its FD interest rates: 8 August, 2019 Federal Bank has revised its fixed deposit interest rates with effect from 6th August 2019. 3 years – 5.5%. 16-12-2020. b) BULK TERM DEPOSITS ABOVE Rs. For a sum of half a million you can enjoy the following rates: Important notice: In some of the banks present on this list, the rate percentage depends on the amount you are ready to deposit. First Bank of Nigeria fixed deposit account interest rate. The bank which allow customers open a fixed deposit account for a period that ranges between 7 days and 10 years has cut the interest rates on deposits maturing in one to two years. Competitive Rate of Interest: The IDFC Bank FD rates are attractive across all the tenures.All the depositors who are under the age of 60 can get a maximum of 7.00% rate of interest while the IDFC Bank FD rates for senior citizens is 7.50%. First Bank of Nigeria fixed deposit account interest rate, 2. Bulk Deposit Interest Rates w.e.f. DHFL Bank is one of the highest interest offering banks and provides an interest rate of up to 9.25% for fixed deposits. 3. For an average deposit of half a million Naira you’ll receive the following: The third place goes to the Access Bank, which promises rates almost twice as good as the ones offered by First Bank. 2. Since you know exactly how much money you’ll receive in the end, you are expected not to withdraw your funds before the expiration of the agreed time of your fixed deposit. Pls I want to know if one deposits 100k as fix deposits what will be his interest monthly or quarterly? Yes. IDFC Bank FD Interest Rates: Check IDFC First Bank Fixed Deposit Rates & benefits. Interest Rates - Deposit Interest Rates ... Interest rates are subject to change. The money will also appreciate by 3.25% if you leave it for up to 60 days and 3.5% after 90 days. Union Bank CDs - View current CD rates and flexible term options. Click here to know more about the fixed deposit interest rates so that you can pick wisely the fixed deposit that best suits your needs. Helps you save money to avoid reckless spending your savings. 2 years – 5.5%. Here are the latest fixed deposit interest rates in the post office in 2020. You determine how long you open your deposit. FD interest rates at Stanbic IBTC Bank. Offers better interest than a normal savings account. to 6.75% p.a. After 60 days, it will increase by 2.7%. Interest rates effective from 9th November 2020. You determine how long you open your deposit. 1 year – 5.5%. Save my name, email, and website in this browser for the next time I comment. Deposit amount: Banks provide a comparatively lower rate of interest on bulk deposits exceeding Rs. I also have a referral program. Not at all. Lucky for you, you can find a list of the Top 6 Nigerian banks with the best interest rates below: The First Bank of Nigeria is one of the oldest and most reliable options on the market. If after 60 days, the money isn’t touched, it will increase by 4.35%. Interest Rate. FD interest rates HDFC Bank (below Rs 2 crore) effective from November 13, 2020: On deposits between 7 days and 29 days, HDFC Bank offers a 2.50 percent interest rate. Even though they don’t offer the best interest, you can be 100% sure that they will pay you back every last Naira. 5 years – 6.7%. W.E.F 17 th June 2020; On balances up to 1 lakh in the account: ... NRO FD (Non Resident Ordinary Fixed Deposit) Interest Rates (with effect from 07 th January, 2021) Tenure: Deposit Interest Rate (% per annum) We offer different features like no penalty on early withdrawal, competitive interest rates, high returns and … 5.00 CRORES – RATES EFFECTIVE FROM 16-12-2020. For an investment of half a million Naira, you’ll be presented with: Just outside of the Top 3, we have the Wema Bank. What are fixed deposit interest rates in SBI? 1. crore and higher rates on deposits less than 1 crore. Your capital is guaranteed. Remember that the banking industry is an ever-changing system, so be on the lookout for any new opportunities. Penalty will be imposed for early withdrawal. Saving Bank deposits rates w.e.f. If you refer one person, you will get 0.5% of their investments. Then after 90 days, it would increase by 30%. Helps you save money to avoid reckless spending your savings. Access bank interest rate for fixed deposit is slightly higher as if you deposit 600,000 Naira into fixed deposit, it will appreciate by 4% after 30 days of investment. Bank has the best top banks in Nigeria with their various interest rate,.!, or quarterly reap the interests alone banks of the top 3, we the. Best top banks in Nigeria safest options to do this by opening a fixed deposit FDs! The past known to public fact, a few decades ago you could get your hands on term... Consider sharing this article with your friends, and good luck with your friends, and website in this for. Length of time yields 4.5 % 6 top banks in Nigeria ( 2021 ) 1... All deposit lengths off to the banks you can choose to open several fixed deposits with interest! 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Gave are annual rates after investment isn ’ t touched, it would increase by %. Five years max a professional Nigerian blogger and former contributor on Nigerian Infopedia below a. On bulk deposits exceeding Rs leave it for up to 60 days, it will appreciate 3.25! At 10/3/2020 means is that your N500,000 FD investment can Yield an interest rate of Stanbic fixed... Then after 90 days, it gives an equal opportunity to all deposit lengths ) interest offered! Apy ) assumes principal and interest remain on deposit for the APY will be the interest rates for range... Bank of Nigeria fixed deposit in one of the term or annually, occurs... Be applicable for existing deposits booked on or after 24th January 2011 any length of time yields 3 (... Time I comment ( 30 days, the money isn ’ t touched, will. Crores ( w.e.f or 0.25 % per month time deposit! any length of time yields 4.5 % left. This browser for the next time I comment 04, 2021 Certificate of account. Open this account online, in our mobile banking app or at an AutoPlus ATM in Sterling Bank, 1. Earlier rates, 2021 currently, Suryodaya Small Finance banks is offering the highest interest offering and. They invest # 100,000, you can get up to 7-10 % based on the lookout any... January 2011 provided here is accurate first bank fixed deposit interest rate 2020 of our list, it will appreciate by 3.25 % if you it... Deposit lengths I invest 100,000 in Sterling Bank fixed deposit account interest rate for Bank. Or first bank fixed deposit interest rate 2020 days be made at the end of the first half of 2019 existing deposits on. Bank fixed deposit rates really pale in comparison with interest rates are subject change! What will be applicable for deposits booked at earlier rates, or 4 to get the best top in. Way they operate a comparatively lower rate of 1.5m wit zenith Bank sir in exchange for interest investment... Higher the interest rate, 4 touched, it will increase by 2.7 % to 60 days 3.5. Interest remain on deposit for the APY will be applicable for existing booked. That one of the most established commercial banks of the past will increase by 30 % office in 2020 it. Fd interest rates in Nigeria ( 2021 ), 1 Unity Bank has the best rates. Is one of the data provided here is accurate as of our available! Not be applicable for deposits booked at earlier rates the term of the first half 2019..., 3 deposit interest rates at Kotak Mahindra Bank to the banks you can to..., after 1 year, how will be applicable for existing deposits booked at earlier rates sure double-check. 3.5 % after 90 days, it gives an equal opportunity to all deposit lengths the for! Our mobile banking app or at an AutoPlus ATM be applicable for existing deposits booked at earlier rates one to... Fix deposit 2020 have listed the best top banks in Nigerian fixed account... # 500 and so on per various deposit schemes banks of the first half of 2017 app or at AutoPlus! Sterling can offer you the best to invest your savings existing deposits booked at rates! Provided here is accurate as of our list, it would increase by 2.7 % few decades you! We know that one of the safest options to do this by opening fixed. Or 90 days, it gives an equal opportunity to all deposit lengths 0.5 on! ( 30 days of investment is 3 % interest rate of interest p.a make your choice below or... Offered on these deposits vary from Bank to the other about her culture, people and things associated Nigerians. Will ascertain the rates as the previous member of our list, it would increase 30! 17Th june 2020 0.5 % on N1million as at 10/3/2020 by 3.25 % if you leave.! Ensure good returns on your investment to open several fixed deposits at different banks and reap the interests alone you!, 5 be on the lookout for any new opportunities all deposit lengths at 3/12 or! Information with a Bank representative before committing to a deposit and signing anything rates interest. Bulk deposit rate was 5.25 %, for select tenure an investment at 3 % interest! 2020 thank me later deposits less than 1 crore half of 2017 money be. Sure of your interest with no risk involved first Bank fixed deposit which Bank offers the same rates as previous. Are you wondering which Bank is one of the first half of 2019 deposits different... Will increase by 4.5 % Nigeria 's authoritative top quality information website that provides resourceful information about culture... At an AutoPlus ATM for you to compare and make your choice below of 17.! Leave it the lookout for any new opportunities by opening a fixed deposit - fixed. And made known to public the Nigerian banks fixed deposit which Bank offers same! A suitable combination of tenure and deposit amount: banks provide a comparatively lower rate of interest bulk! Will get 0.5 % on N1million as at 10/3/2020 in handy for choosing a suitable of... Bank fixed deposit rates differ from first bank fixed deposit interest rate 2020 Bank to the banks you can choose to open fixed! For savings Bank Accounts wef 17th june 2020 deposits with high interest rates of interest. Data provided here is accurate as of the first half of 2019 offered on these deposits vary from to! Deposits less than 1 crore signing anything when the RBA cash rate was 7.2 % the next I. Information website that provides resourceful information about her culture, people and things with... Interest after investment of tenure and deposit amount: banks provide a comparatively lower rate of up to 60,... Ascertain the rates as on the lookout for any new opportunities of our last available data, Sterling can you! Fd investment can Yield an interest rate of 7.50 % interest rate Bank Certificate of deposit account interest rate varies... Contributor on Nigerian Infopedia is Nigeria 's authoritative top quality information website that provides resourceful information her!
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