First Bank of Nigeria is one of the banks that had the best interest rate on fixed deposit, but now they cannot boast of that. Unlike other banks that have different rate for different amount of money, FBN has just one interest rate for all amount of money.

Please see below the fixed deposit rates for N100,000 to 50Million below.



30 DAYS 60
DAYS

90
DAYS

180 DAYS 365
DAYS

2.50% 2.75% 3.00% 3.25% 3.50%


Please note that rates are subject to period of application.



The minimum amount is N 100,000 and the maximum duration could be determined by the account holder.

Please note that there is a withholding tax (WHT) of 10% on the interest earned on fixed deposit.


source: http://www.talkasset.com/first-bank-of-nigerias-fixed-deposit-rate-2016

OP, sorry to burst ur bubble buh the rate iis generally low at 3% n capped at 5%. Pls don't spread false information biko

The banks are just saying - do not keep your money with us.
Invest it!
Someone distributing/selling mere pure water will net above 5% returns monthly.

first bank is the best investment bank in Nigeria of coz

FBN

Fixed deposits my foot.

They will use your money to make profit more than the interest you will Get.

Only my baby can make me deal on fixed deposits which will ofcus be a long period.