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Best Bank To Open A Savings Account In Nigeria? - Business (4) - Nairaland

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Which Bank Is The Best For Savings Account In Nigeria? / Stamp Duty Charges Extended To Savings Account / What Is The Difference Between A Current Account And A Savings Account? (2) (3) (4)

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Re: Best Bank To Open A Savings Account In Nigeria? by Heavance(m): 8:14am On Aug 13, 2018
Acidosis:


So bro, there is no such thing as the best bank to "save" your money. Following the CBN capitalization policy, your money is safe in any of the deposit money bank
Thank you oo
I just laugh at people calling one stupid bank as the best
Re: Best Bank To Open A Savings Account In Nigeria? by kenny714433(m): 8:14am On Aug 13, 2018
Iambees:
pls how do i invest on bitcoin, explain for pls
kenny714433:


I'm not into bitcoin though..but this is wat happens. Like last week, the price of bitcoin drastically reduced. So spending like 50k and buying the coin that last week and accumulating them in ur wallet will be the best thing to do. There'll come a time the price will triple and you can sell it then. It will just demand you knowing the market value, when it's dropping and when it wants to rise. As at last yr, some of my friends bought it for like 3k and sold it at 15k. So look at the gain
Re: Best Bank To Open A Savings Account In Nigeria? by shedy03(m): 8:14am On Aug 13, 2018
Just don't try UBA, they deduct any how.
Re: Best Bank To Open A Savings Account In Nigeria? by AreaFada2: 8:14am On Aug 13, 2018
mojibbz:

Lol please are you using Nigeria gtb or what? I abandoned gtb 2 years ago and I've not seen anyone outside of Nigeria using gtb till this day
Dude, I nor just wan vex this morning for that dude you quoted. That at how they hyped GTB sotey I went to them. Na story. I abandoned the account because of their blunders. Don't even get me started on Skye Bank. shocked shocked

Banking in Nigeria still has a VERY long way to go. Funny enough banks were better in the 1980s and earlier before banks mushroomed all over the place. Despite recapitalization, they are still very far behind.

To begin with, why save money with pitiable interest rate and inflation that will eat away both capital and interest?
Re: Best Bank To Open A Savings Account In Nigeria? by capitalzero: 8:17am On Aug 13, 2018
stanbic ibtc is the best. you can also try fcmb
Re: Best Bank To Open A Savings Account In Nigeria? by Haryanphe(f): 8:18am On Aug 13, 2018
Stanbic IBTC bank is the way to go
Re: Best Bank To Open A Savings Account In Nigeria? by islandmoon: 8:19am On Aug 13, 2018
run for GTB, just because I have saving account with them, they crossed to my saving account to deduct COT (cost of transaction) for my current account while I was in transit in Lagos from my transport fare and made sure I was stranded , I was thinking I still have 5,000 in my saving account for my transport back , only for me to received a text message saying , 2000 transferred from your saving account to your current account, 1835 deducted for charges, I was like who authorised the transfer without my signature? I was stranded and turned a beggar in Lagos alas GTB action, when i complained, their manager was screaming like a market woman on the phone, on my return, I quickly switched bank, they should come to another bank to come and deduct COT, infact, I even abandoned the current and saving account account for them, they can do whatever they like with both account lol


come last year, a friend mistakenly sent money to that abandoned account, I went there, and they told me the account was dormant and I should revalidate the account, I wasn't with the requirement and had no time to go back, I believed nothing will touch money in a dormant account until I got SMS from them that they want to issue a MasterCard for me, I decided to stop by and warn them , I already have a MasterCard with my current bank, I then told them,

...you GTB told me I can not withdraw my money from the account because the account is dormant right?

He said ' YES!!!

I then asked him, why is it that your own friend, a third party, MasterCard can now deep hand into my own dormant account , my own pocket to take my own money, but I the owner of the money can't?

ahaha

he quickly called his boss, said seem like I'm in a law court, are you a lawyer?


that was how I was able to stop them and their friend from taking my money, sure they do this to lot of people

6 Likes

Re: Best Bank To Open A Savings Account In Nigeria? by Nobody: 8:20am On Aug 13, 2018
Tattooboy:
@op, dont waste too much time, Access Bank is your best option.
Access Bank thank deduct #50 per alart, just alart alone, can you just imagine?

5 Likes

Re: Best Bank To Open A Savings Account In Nigeria? by paulasca4real(m): 8:20am On Aug 13, 2018
lummy5000:
gtbank is the best
Absolutely gtbank remain the best in Nigeria today.

1 Like

Re: Best Bank To Open A Savings Account In Nigeria? by bobo65(m): 8:21am On Aug 13, 2018
dayo2me:
Access Bank thank deduct #50 per alart, just alart alone, can you just imagine?

Oboy Access bank dey give interest o

Just drop like 10k for the account and be getting monthly interest

2 Likes

Re: Best Bank To Open A Savings Account In Nigeria? by TissuePaper: 8:24am On Aug 13, 2018
Union Bank is a nightmare...please op don't open an account with those crazies

1 Like

Re: Best Bank To Open A Savings Account In Nigeria? by engrkaz(m): 8:24am On Aug 13, 2018
All saving accounts are similar in terms of interests but for other reasons like internet banking, technological driven services flexible credit cards repayment and no 65 naira charge for using other banks ATMs...card services available throughout the world at negligible fees..only down side is customer care center is central and you will have to worry some bloody Indian accents... Also branches are restricted to major cities in d country... Then use it for salary account, be prepared to receive ur salary 5 days after pay day... I notice an additional 11k(I guess its an interest credit) on my esaver accounts.... Tho the money there huge small. All in all.. I recommend STANDARD CHARTERED BANK....If you can find one around you. If not, then try StanbicIBTC, Zenith (just added keypad banking, and its so convenient and fantastic), Access (horrible customer care, u will b placed on hold for hours) then GTB.... Others na same same
I can't say about First Savings... I only have a current account with them (and its horrible, they sometimes take COT along with transactions)
Skye is the worst account that I have ever operated....too much wahala with internet banking, apply for limit for app, do differently for internet.... So annoying...

If interest is your priority, then you should consider StanbicIbtc mutual funds...

1 Like

Re: Best Bank To Open A Savings Account In Nigeria? by PotatoSalad(m): 8:27am On Aug 13, 2018
orjikuramo:
You won't get a sincere answer as no one can give u that but I, a broke hustler who is savings keen, has 3 active savings account - gtbank, diamond and sterling.

Their interest rate, as I observed from deliberately not withdrawing for 3 months, is the same but sterling bank's is slightly higher.

Don't use access bank, those guys would rip all your money (from experience)

Finally, to enjoy your savings interest and to gag banks from their incessant withdrawal of your money, kindly opt for email notification instead of SMS.

True but SMS notification is preferable especially when something fishy is going on in your account. Say you don't have access to the internet at that time, you can take action quickly.
The best way to save your money is save via PayPal, no interests, no service charges.

2 Likes

Re: Best Bank To Open A Savings Account In Nigeria? by orjikuramo(m): 8:30am On Aug 13, 2018
PayPal? I have a PayPal account, how do I save with them and be able to sharply withdraw
PotatoSalad:


True but SMS notification is preferable especially when something fishy is going on in your account. Say you don't have access to the internet at that time, you can take action quickly.
The best way to save your money is save via PayPal, no interests, no service charges.

1 Like

Re: Best Bank To Open A Savings Account In Nigeria? by Teeboi56: 8:31am On Aug 13, 2018
GTBank

1 Like

Re: Best Bank To Open A Savings Account In Nigeria? by PotatoSalad(m): 8:32am On Aug 13, 2018
orjikuramo:
PayPal? I have a PayPal account, how do I save with them and be able to sharply withdraw
Nigeria right? Problem is you can't. The full PayPal features aren't available to Nigerian PayPal.

1 Like

Re: Best Bank To Open A Savings Account In Nigeria? by calddon(m): 8:33am On Aug 13, 2018
bobo65:


Oboy Access bank dey give interest o

Just drop like 10k for the account and be getting monthly interest
How much interest?
Re: Best Bank To Open A Savings Account In Nigeria? by Olaosebikan11: 8:35am On Aug 13, 2018
GTBank
Re: Best Bank To Open A Savings Account In Nigeria? by KELVONISTIC: 8:35am On Aug 13, 2018
I open savings account with 5k diamond bank, I just realized I can't withdraw the 5k, he just dey rest for book balance, Abeg anybody know how this works, and I be won open with 50k � �
Re: Best Bank To Open A Savings Account In Nigeria? by silaxx(m): 8:36am On Aug 13, 2018
orjikuramo:
I doubt the line about their card cos it doesn't even work on goggle playstore
hv not used it on playstore b4 tho

1 Like

Re: Best Bank To Open A Savings Account In Nigeria? by Ten06(m): 8:37am On Aug 13, 2018
frankosivue:
Good Morning Nairaladers.
This will be the first time I will open a bank account, so I need to be guided please.
I want to open a savings account with following features:
1. Good Interest rates
2. Internet banking
3. ATM service.

Please help recommend a Bank that will offer me good service.
The type of bank you are looking for is not in Naija

6 Likes 1 Share

Re: Best Bank To Open A Savings Account In Nigeria? by silaxx(m): 8:37am On Aug 13, 2018
mojibbz:

Lol please are you using Nigeria gtb or what? I abandoned gtb 2 years ago and I've not seen anyone outside of Nigeria using gtb till this day
well am in Nigeria, and am using it
Re: Best Bank To Open A Savings Account In Nigeria? by bobo65(m): 8:37am On Aug 13, 2018
calddon:

How much interest?

I no dey calculate
But it's significant
I use a salary acct

1 Like

Re: Best Bank To Open A Savings Account In Nigeria? by Hamnas(m): 8:42am On Aug 13, 2018
kolexy:


GTBank is clearly ahead of other banks in Nigeria. Has anyone tried Wema Bank's ALAT.
i use firstbank,ALAT wema bank and gtbank they are all good but i recommend gtbank because i used it as a piggy bank depting only no withdrawal

1 Like

Re: Best Bank To Open A Savings Account In Nigeria? by Apostlelong(m): 8:46am On Aug 13, 2018
Try ALAT by Wema bank and u won't regret. it's the best
Re: Best Bank To Open A Savings Account In Nigeria? by frankosivue(m): 8:50am On Aug 13, 2018
Tallesty1:
Piggy bank
Thanks. Never heard of it though. Looks like the bank does not have branches close to me
Re: Best Bank To Open A Savings Account In Nigeria? by Just2endowed2(m): 8:50am On Aug 13, 2018
Bank that will not force you to take debit card which will in turn reduce your account balance is the best bank to bank with.

Want to open a savings account, stanbic bank does that very well according to info

1 Like

Re: Best Bank To Open A Savings Account In Nigeria? by Just2endowed2(m): 8:51am On Aug 13, 2018
Apostlelong:
Try ALAT by Wema bank and u won't regret. it's the best

What's their interests

1 Like

Re: Best Bank To Open A Savings Account In Nigeria? by baazay(m): 8:52am On Aug 13, 2018
GTBank is okay, Firstbank is better Buh Access bank is the Best

1 Like

Re: Best Bank To Open A Savings Account In Nigeria? by frankosivue(m): 8:52am On Aug 13, 2018
DWJOBScom:
First bank dey try sha
Thank you very much.
Re: Best Bank To Open A Savings Account In Nigeria? by Seunkings02(m): 8:52am On Aug 13, 2018
frankosivue:
Good Morning Nairaladers.
This will be the first time I will open a bank account, so I need to be guided please.
I want to open a savings account with following features:
1. Good Interest rates
2. Internet banking
3. ATM service.

Please help recommend a Bank that will offer me good service.

I Strongly recommend Stanbic, Good internet banking, Fastest Transactions I have ever seen, A lot of payment options........ Mind you, I use GTB, First Bank, Access Bank and Stanbic

1 Like

Re: Best Bank To Open A Savings Account In Nigeria? by frankosivue(m): 8:54am On Aug 13, 2018
silaxx:
gtbank, uba or firstbank.........i make use of d 3, gtbank has good internet banking and deir card works on almost all international stores, while uba has good interest rates, firstbank hmmm
Thanks Sir. I am considering First bank

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