Economy

Banks with the best interest rates in Nigeria

Published

12 months ago

2023/04/27

Interest rates offered by Nigerian banks can vary depending on the type of account and the amount deposited. Here are some Nigerian banks with some of the best interest rates:

Zenith Bank

Zenith Bank offers a range of savings accounts with competitive interest rates, such as the Zenith Bank High-Interest Savings Account, which offers up to 3.5% interest per annum.

Access Bank

Access Bank offers the Target Savings Account, which allows customers to save towards a specific target and earn up to 3.6% interest per annum.

GTBank

GTBank offers the GT Target Account, which allows customers to save towards a specific goal and earn up to 3.9% interest per annum.

First Bank of Nigeria

First Bank of Nigeria offers the FirstInstant Savings Account, which offers up to 3.5% interest per annum.

Stanbic IBTC Bank

Stanbic IBTC Bank offers the Max Yield Savings Account, which offers up to 4.2% interest per annum.

Fidelity Bank

Fidelity Bank offers the Fidelity Savings Plus Account, which offers up to 4.2% interest per annum.

Union Bank of Nigeria

Union Bank of Nigeria offers the UnionKorrect Savings Account, which offers up to 4.5% interest per annum.

It is important to note that interest rates are subject to change, and it is recommended to check with each bank for the latest interest rates and terms and conditions before opening a savings account.