What is the current bank interest rate in Nigeria?

Nigeria Bank Lending Rate was reported at 11.670 % pa in Jun 2021. This records an increase from the previous number of 11.290 % pa for May 2021. Nigeria Bank Lending Rate data is updated monthly, averaging 16.660 % pa from Jan 2006 to Jun 2021, with 186 observations.

Which bank has the highest interest rate in Nigeria?

Fidelity Bank currently offers the highest interest rates for savings deposit accounts (target) in Nigeria in 2021 – 3.5%.

Which bank has the highest interest rate for fixed deposit in Nigeria 2020?

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.

What is the interest rate of fixed deposit in Nigeria banks?

Fixed deposit rates for most Nigerian banks can earn between 7% and 12% depending on how much you have. The more money you have available to invest, the higher your return. For example, to get up to 12% you might have to invest in millions of naira.

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Which bank is better in Nigeria?

Guaranty tops the performance tables for Nigeria for the second consecutive year, coming first in its scores for operational efficiency, liquidity, and leverage, with Zenith remaining in the second position. Access Bank ranked 630 on the overall Top 1000 compared with 508 position last year.

Which bank gives highest interest per month?

Interest rates on Monthly Income FD Schemes

Top banks monthly income FD interest rates
Bank Interest rate Tenure range
Kotak Mahindra Bank 4.50% to 5.25% 365 days to 389 days
IDFC FIRST Bank 5.25% to 7.00% 181 days to less than 1 year
Union Bank of India 4.50% 181 days to less than 1 year

Which bank has the lowest charges in Nigeria?

Applicable rates for each of the DMBs as of April 9, 2021, showed that Stanbic IBTC Bank charged the lowest rate on loans at 4 percent, followed by GTBank, Polaris Bank, and Unity Bank at 5 percent each, Fidelity Bank 6 percent, Rand Merchant Bank 6.08 percent, FBN Merchant Bank and UBA 7 percent each, Coronation …

In which bank FD interest rate is high?

Fixed Deposit Interest Rates by Different Banks

Bank Tenure Interest rate
ICICI Bank 7 days to 10 years 4% to 7.25%
Punjab National Bank 7 days to 10 years 5.70% to 6.85%
HDFC Bank 7 days to 10 years 3.5% to 7.40%
Axis Bank 7 days to 10 years 3.5% to 7.25%

Which bank is the best for fixed deposit?

Fixed Deposit Interest Rates

Bank name Tenure Interest rate (%) per annum
IDFC Bank 91 days to 180 days 6.75
Kotak Mahindra Bank 181 to 363 days 6.5
SBI 180 to 210 days 6.35
Axis Bank 6 months to 8 months 29 days 6.25
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Which bank investment is the best?

Top 10 investment options

  • Direct equity. …
  • Equity mutual funds. …
  • Debt mutual funds. …
  • National Pension System (NPS) …
  • Public Provident Fund (PPF) …
  • Bank fixed deposit (FD) …
  • Senior Citizens’ Saving Scheme (SCSS) …
  • Pradhan Mantri Vaya Vandana Yojana (PMVVY)
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