souleymon: I use Gt, but havent gotten interest since i run it daily
Skye bank does give interest on savings
1st Bank- No

charlsecy4: I know a savings account should be a bank account that earns interest on money deposited. To the best of my knowledge, the only bank whose savings account still gives out some interest is GTBank. Most other banks would charge you for even running a savings account! The whole essence of savings account has been defeated, thanks to the obnoxious deals, unexplained and unwarranted charges and deductions by the banks.

So far, I have used the services of old Standard Trust [now UBA], Intercontinental [now Access], and GTBank.

The savings account I had with the old Standard Trust was yielding interest, until they merged with the old UBA. Then they even started charging the account. When the account was no longer of use to me, I officially had it closed.

I have two accounts with Access Bank, a regular savings and the one that combines the attributes of savings and current accounts. It was called IPSA during the time of Intercontinental Bank. Each month, I discover that there have been deductions in each account. I have abandoned the regular savings, but still run the other account, because it is the means by which I pay in share dividend cheques.

Of all the banks I have used, GTBank is the only one that still pays out interest. I receive SMS alerts the first week of every month, containing my balance, interst earned and charges. In the end, there is always a net increase in my balance, no matter how little.

What bank(s) do you use? What is your experience with regard to how they run savings accounts? Do you get interest?

leverage12: my brother, don't depend on banks to make money. To make money- its either you create your own business or you invest on other people business, that's how you get reasonable amount from your money. cheers

souleymon: 0p how much interest is given

neksummi: I do get from GTBank but nothing to write home about. Other banks, I only go to find out that my balance ha gone low.

souleymon: I use Gt, but havent gotten interest since i run it daily
Skye bank does give interest on savings
1st Bank- No

pro01: Funny topic. Naija banks no dey give interest, unless say you do fixed deposit. . .and even that one sef, the interest dey pathetic, unless say na pension funds money you fix (N20 billion and so on).

Imagine an interest of N102.29k ontop about N1.2m wey done dey rest for account for like 3 months? Lol. Useless jokers.

martyns303:
Nigerian banks give one of the highest interest rate in the world, SA highest is 5.05 standard bank. India is 7.0.