Call/Current account sweep facility. Enjoy peace of mind and higher returns with our Fixed Rate Savings Accounts. The interest rate depends on the amount you deposit and the length of the term. The money is locked away in the savings account for the whole of the term. Debt Securities 1 week ago. A short term investment at an agreed/fixed rate with a tenor of between 30-90 days. Please enable Cookies and reload the page. Fixed Deposits Interest Rates of Nigerian Banks Fixed Deposits Interest Rates of Nigerian Banks April 05, 2019 S/N NAME OF BANK Demand Deposit Savings Deposit Time Deposit Ave. Int Rate Ave. Int Rate Ave. Int Rate 1 Access Bank 0.90 4.05 11.61 2 Citi Bank Nigeria 1.50 4.10 6.60 3 Coronation Merchant Bank - - Treasury bill rate has been on a steady decline for six months, down to 0.03% since the last rise (2.47%) in May 2020. • Website: Zenith Birla Fixed Deposit Scheme Related posts: 7 High Rated Companies Offering more than Bank Fixed Deposits – February 2020 SBI Recurring Deposit Features & Interest Rate – February 2020 Best Tax Saving FD Rates u/s 80C – July 2020 Best NRE Fixed Deposit Interest Rates for NRIs – July 2020 How SWP in Debt Mutual Funds is better than Fixed Deposit for Regular Income? Point of Sale. Simply deposit a specific amount into an investment account at an agreed interest rate and tenure. Its Fixed Rate Bond until 31st January 2023 account has a rate of 1.00% gross and interest is paid yearly. Manage your account online or by post; Monthly or annual interest; Make additional deposits for the first 5 days after your opening deposit; View Fixed Rates. Verve Cards are now accepted on Zenith POS and ATMs nationwide. Account opening restricted to those living in England and Wales. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Zenith Bank Fixed Deposit Fixed Deposit A short term investment at an agreed/fixed rate with a tenor of between 30-90 days. GTBank Fixed Deposit and Interest Rates However, the bank provides a savings account called Save4me, a high interest yielding account designed for customers to save towards a specific target.Save4me offers an interest rate … If you’ve got a lump sum you’re happy to put away and not touch for a while, a fixed-rate bond can be a great idea. Zenith Bank of Ghana offers an interest rate of 12.0 per cent on the fixed deposit. Debt Securities 6 days ago. Welcome to Zenith Bank Plc. Business . No: Once you transfer your funds into your fixed deposit account the rate will stay the same throughout the deposit term: What would the estimated balance be after 12 months based on a £10,000 deposit? The tenure is usually 30 days minimum, or 180 days maximum. Card Products. You choose a deposit term for your Fixed Rate Saver - either 1 or 2 years. At the end of the agreed period (tenure), and based on your instructions, the investment can either be re-invested or returned to you with the interest amount earned. Its secure and user friendly digital experience on Mobile Banking, Internet Banking and Corporate Internet Banking makes it the preferred Bank for Retail Banking, Personal Banking, SMEs, Corporate Banking, Investment Banking. This page includes a chart with historical data for Deposit Interest Rate in Nigeria. UBA offers you the certainity and security needed for either short, medium or long term investments. Verve Cards. A Fixed Deposit is an investment account where money is deposited for a fixed period and the interest rate does not change. A fixed rate bond (or fixed term savings account) is a simple investment product that pays out a guaranteed amount of interest after a set period. Our Fixed/Tenured Deposits offer the best long-term saving options for you and your business. Call us on 0345 140 1000 or speak to your relationship manager to discuss how we can help. Deposit Interest Rate in Nigeria averaged 9.54 percent from 1970 until 2020, reaching an all time high of 27 percent in September of 1993 and a record low of 2 percent in April of 1976. Deposit Interest Rate in Nigeria decreased to 2.90 percent in November from 3.52 percent in October of 2020. LEARN MORE. It offers higher interest rates than ordinary savings accounts and is ideal if you want to save for a specific goal, like a wedding or a holiday. The interest rate indicated is for a deposit balance above 500,000.00 to 999,999.99 for this 2 year/24month term. Enjoy returns on your fixed deposit investment. ZENITH BANK CHILDREN’S ACCOUNT FOR TEENS (13 – 17) The Zenith Teens account is a next level account for teenagers between the age of 13 and 17 years. Fixed Deposit Account It is an investment account with a specific amount invested at an agreed interest rate and tenor. We offer competitive interest rates on this short – term money market product for customers who would want to save towards future projects. Fixed deposit rates: TENOR AMOUNT RATE PER ANNUM 30DAYS 1M 4% 60DAYS 1M 4% 90DAYS 1M 3.25% Someone please confirm if this is standard rate or there are far better rate elsewhere or maybe I should try to negotiate for more? A leading multinational financial service provider based in Nigeria. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. An investment vehicle where funds or deposits are locked in for a specific fixed period at a fixed interest rate. You have ₦550,000 in your account. DMO offers N150 billion worth of FGN Bond for subscription in January 2021. Complaints Portal. You choose how long you want to save for and we guarantee you a fixed rate of interest. FEATURES Minimum deposit of Features: Interest is paid upon maturity of the investment. Nigeria’s pension funds continue to divest from treasury bills. Competitive interest rates. You can deposit anything from £2,000 to £1 million. You may need to download version 2.0 now from the Chrome Web Store. Once you confirm you’re making the arrangement and sign all the necessary documentation, the ₦500,000 will be removed from your account and be fixed, leaving you with a balance of ₦50,000. You can be sure to have your investment and interest at the exact time of maturation Interest rates will remain low until the end of H1 2021 – Meristem Securities. I wrote Zenith bank to ask about their fixed deposit interest rate and got this response. It can be operated in branch only. We offer competitive interest rates on this short – term money market product … A Fixed/Tenured Deposit is a tenured investment account with a specific amount invested at an agreed interest rate and tenure. All of Zenith Banks’ savings accounts have an interest rate of 4.20%. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Fixed deposit interest rates offered by banks in Nigeria, Current Nigeria Banks Deposits Rates as published by Centreal Bank of Nigeria CBN Tiered interest rates according to deposit amounts and call tenor. In January the CBN increased the CRR to 27.5 per cent from 22.5 per cent. After 12 months the balance of £10,000 would remain the same and the interest payable would be £70.00. The minimum deposit is £10,000 and it can only be opened in branch and by post. Cloudflare Ray ID: 6169796a1ed4fa44 Standard Chartered Bank Fixed Deposit Account, First Bank of Nigeria Fixed Deposit Account, Fixed Deposits Interest Rates of Nigerian Banks, African Institute for Mathematical Sciences Bursaries South Africa 2020 – 2021, ABSA Bank Bursary South Africa 2020 – 2021, Department of Agriculture, Land Reform and Rural Development Bursary South Africa 2020 – 2021, South African Association for Food Science and Technology (SAAFoST) Foundation Bursaries 2020 – 2021, Buffalo City Metropolitan Municipality Bursary South Africa 2020 – 2021, Eric and Charmaine Mabuza Scholarship South Africa 2020 – 2021, South African National Seed Organization (SANSOR) Bursary 2020 – 2021, Hessequa Local Municipality Bursary 2020 – 2021, Capsicum Culinary Studio Bursary South Africa 2020 – 2021, Earns higher interest than a savings account, Liquidation before maturity attracts a penalty charge of 20% of accrued interest or ₦2,000 (whichever is higher), Accrued interest is subject to 10% withholding tax upon maturity. A fixed deposit is a financial tool used by banks to offer customers with higher interest rate more that ordinary saving. In fixed deposit, you don’t need to open a new bank account if you already have an account with the bank you intend to fixed your money. Stanbic IBTC fixed deposit account interest rate The interest rate of Stanbic IBTC fixed deposit account after 180 days of investment is 0.5% on N1million as at 10/3/2020. Go Lite, Bank Lite. So for example, you want to fix ₦500,000 for 60 days and the bank has offered you an interest rate of 7%. Interest rate at 1.15%; Standing order credit option; Cheque, draft and dividend lodgment ; Invitation to the annual Zenith Children’s Parade* Participation in the Children’s Day Scholarship raffle draw* *Terms and conditions apply. Deposit Interest Rate in Ghana averaged 17.24 percent from 1978 until 2016, reaching an all time high of 36.02 percent in the fourth quarter of 1997 and a record low of 7.58 percent in the fourth quarter of 2006. ADB 2 Year Fixed Deposit. Personal. Fixed Rate Savings Accounts 0.90% . • We offer competitive interest rates on this short – term money market product for customers who would want to save towards future projects. Deposit balances below this balance tier may have other rates applicable. The joint-top five-year rate of 1.25% is offered by Shawbrook Bank and UBL. 3. Interest Rates All organisations have different banking needs and we offer a range of accounts to suit you. Deposit Interest Rate in Ghana decreased to 13.17 percent in the first quarter of 2016 from 13.22 percent in the fourth quarter of 2015. I wrote Zenith bank to ask about their fixed deposit interest rate and got this response. You can get an interest rate of 9.3% from GCB Bank Ltd depending on the amount and date of maturity. Wednesday, July 31, 2019 / 05:10PM /Zenith Bank One of Nigeria’s leading financial institutions, Zenith Bank Plc, has introduced a high interest-yielding target savings account named “SAVE4ME”, which enables customers plan and save towards their aspirations and needs conveniently.. Get more payment options with Zenith POS. Fixed Deposits . A short term investment at an agreed/fixed rate with a tenor of between 30-90 days. Can Zenith Bank (UK) Ltd change the interest rate? The interest rate offered by the National Investment Bank of Ghana (NIB) stands at 11.4 per cent based on the amount to be fixed and the maturity date. +Follow. Your IP: 176.31.124.115 The money will also appreciate if you leave it. Performance & security by Cloudflare, Please complete the security check to access. Another way to prevent getting this page in the future is to use Privacy Pass. Shawbrook Bank pays a slightly lower rate of 0.9% on its three-year fixed account, but has a lower minimum deposit of £1,000. 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. Fixed deposit rates: TENOR AMOUNT RATE PER ANNUM 30DAYS 1M 4% 60DAYS 1M 4% 90DAYS 1M 3.25% Someone please confirm if this is standard rate or there are far better rate elsewhere or maybe I should try to negotiate for more? Three-Year fixed account, but has a lower minimum deposit of I wrote Zenith Bank of Ghana offers interest. In branch and by post at a fixed interest rate of 12.0 per cent not change Zenith POS ATMs! Features minimum deposit of I wrote Zenith Bank of Ghana offers an interest rate indicated is for a amount! Those living in England and Wales tenor of between 30-90 days gives you temporary access to the web property may. 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