Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,524,619 members, 5,777,111 topics. Date: Saturday, 08 August 2020 at 10:06 AM

Which Is Better - savings account, fixed deposit or current account? - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Which Is Better - savings account, fixed deposit or current account? (836 Views)

Which Bank Is The Best For Savings Account In Nigeria? / What Is The Difference Between A Current Account And A Savings Account? / What Is The Maximum Deposit And Balance For A Savings Account? (2) (3) (4)

(1) (Reply) (Go Down)

Which Is Better - savings account, fixed deposit or current account? by iamloyalty(f): 5:33pm On Feb 10
Please which is better? saving acount, fix deposit and current account which will generate more interest in the Nigeria banks.
Mode push to front page please.
Re: Which Is Better - savings account, fixed deposit or current account? by Olamilekan08(m): 3:59pm On Apr 18
Fixed deposit. IMO.
Re: Which Is Better - savings account, fixed deposit or current account? by SilentVboy: 7:41pm On May 05
iamloyalty:
Please which is better? saving acount, fix deposit and current account which will generate more interest in the Nigeria banks.
Mode push to front page please.
Fixed deposit.
Re: Which Is Better - savings account, fixed deposit or current account? by Kcanfield(m): 10:20pm On May 05
Fixed deposit. Just check the minimum deposit required by any Bank of your choice
Re: Which Is Better - savings account, fixed deposit or current account? by debaj10: 11:04pm On May 05
iamloyalty:
Please which is better? saving acount, fix deposit and current account which will generate more interest in the Nigeria banks.
Mode push to front page please.
compare d inflation rate with d minimum amount for d best FD rate.
when u see how much ur losing per month/year- based on ur investment amount- gain some wisdom:
go invest in a high turnover business or convert to dollars.
nairas going down d rabbit hole.
a word is enough.

1 Like

Re: Which Is Better - savings account, fixed deposit or current account? by iamloyalty(f): 1:05pm On May 06
debaj10:
compare d inflation rate with d minimum amount for d best FD rate.
when u see how much ur losing per month/year- based on ur investment amount- gain some wisdom:
go invest in a high turnover business or convert to dollars.
nairas going down d rabbit hole.
a word is enough.

From my research this is the best option for now.
Re: Which Is Better - savings account, fixed deposit or current account? by AbigailF: 1:24pm On May 06
The fixed deposit account would pay more dividends for your money.
It has the highest returns per person per month.
The other 2 methods don't match the interest rate that you would get from fixed deposit considering you make a fixed deposit in a credible bank.
Also, the Fixed deposit interest rate also changes from bank to bank in our country.
So ensure you weigh the options appropriately to choose the right bank as you keep your money in a reliable bank only.
Regards.

(1) (Reply)

LG Home Theater For Sale Urgently / How To Start Mini Importation From Home In Nigeria / I Have Three Toyota Corollas I Want To Give Out For Uber/bolt

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2020 Oluwaseun Osewa. All rights reserved. See How To Advertise. 35
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.