P

Maintenance fee will wipe it out
If you’re the type that uses your account for transactions on a regular

apache22b:
This is as a result of the meeting he had with Tinubu .. Better days ahead for us all in this Country when Tinubu assumes office . We shall enjoy the true dividends of democracy

There's no amount of lies Tinubu urchinss are not ready to tell to sell their Agbado and Casava man.
Can old Tinubu withstand such an intricate meeting that is supposed to last for more than one hour?

On paper YES! But in reality, it is Nigerians that will pay the banks and CBN 4.2 percent. If you don’t get it…

Will this make people save more and improve fortunes economically.

Lol! Who never see food chop nA e wan go save money for bank? Mumu pple!!!

I Not gained #1 from my bank since I registered. This is fraud

Do they give interest before?
Only 1.55 naira after about every 6 months.
After collecting bank maintainance, atm, transfer, receiving and card fees.

dre11:
More money for Nigerians as CBN asks banks to pay higher interest on savings
The rate has been revised from 10 per cent to 30 per cent of the Monetary Policy Rate (MPR).




https://www.premiumtimesng.com/news/headlines/549232-more-money-for-nigerians-as-cbn-asks-banks-to-pay-higher-interest-on-savings.html

What there are trying to say
No more 30%. It have gone back to 10%

Make I da see my account ...

Make una stabilize Naira first

deflation will still erase the interest away

CBN wants to mop up the volume of naira in circulation with this bank high interest rate. But withdrawal of money volume at this point of our economic situation of high inflation, will it increase the purchasing power of the naira? Ideally it should.

Unfortunately naira is irredeemably heading south

give them with the right hand and collect it back with the left

Omihanifa:
Inflation will still wipe the interest away

True, but still better than the former rate.

dre11:
More money for Nigerians as CBN asks banks to pay higher interest on savings
The rate has been revised from 10 per cent to 30 per cent of the Monetary Policy Rate (MPR).




https://www.premiumtimesng.com/news/headlines/549232-more-money-for-nigerians-as-cbn-asks-banks-to-pay-higher-interest-on-savings.html

RUBBISH
there is no way they will give you more than 5% interest rate if them too try sef, remember inflation is at 20% and still climbing so even if they give you 19% , you are still at loss.
Best thing to do is convert your money into foreign currency and invest it in any good ETF tracking the S&P 500 .
At least then you will be guaranteed at least 9% ROI in hard currency.
I recommend VOO , IVV, SPY

I’ve never received interest in my Access bank savings account despite having a reasonable amount of money there for some time now

What about money that has been locked in current safe deposit for about a year now,hope the joy go reach there too o.
Let me tell a short story that happened in March this year,I operate three banks,gt bank, fidelity and zenith,one cool Saturday afternoon na so I relax with my guys na em I just see debit alert of 42k from my gt bank when I nor initiate,omo my blood raise once,I just excuse my friends ehn,rush go d nearest pos I see, quickly transfer the remaining funds to the POS vendor sharp sharp make I hold for hand,because I nor wan hear say in the process when I dey call bank to lock accoun make another transaction nor come take place,na later when I calm down look na em I see say na transaction when I do for one supermarket when Dem never alert me since 4 days prior just come,my guys laugh me ehn,Dem come tell me say why I nor transfer the money go my other accounts,omo I say I just confuse o,I nor wan hear say the 112 k when remain for that gt account get k leg o.

Dis one access dey cut me steady

Do banks pay interest rate on savings? I can't remember seeing money added to my savings by my banks. Instead, they keep taking or rather stealing from me. They make deductions from my account almost every week.

Omihanifa:
Inflation will still wipe the interest away

that is even if the policy will last.

chariisGRACE:
Why do I feel like CBN is mocking me and other common Nigerians?

No be who get money dey save?

He thinks these banks are fools. They would get their money back tru Charges or transactional Charges.

Mods pls how do I report an unauthorized debit that was made from my account by UBA.
All the efforts I made for the money to be credited back has not worked.

Hmmm they want is to dump dollars for naira. Nice move.

This Buhari’s govt is a colossal disaster

Alexas58:
How does this beat inflation?
Isn’t this a deliberate attempt to devalue the naira as the prices of things will still be bought at a high price.

I’m open to new knowledge tho

Economics. Mop up (or reduce the volume of) naira in circulation thereby decrease demand for commodities hence forcing the general price to fall. Note that the higher the demand the higher price & vice versa.

I thought they gave us hint, that when you remove subsidy they won't be need for inflation, why is the CBN making people to suffer like this, morever it's we that they will still charge the more.

Will the banks obey the directives? Instead of adding interest most banks have been deducting from the little one managed to save

I think the question should be when last did banks pay interest in savings account.

This Government, their plan is to make the Banks to fail,

........ and your money too

Omihanifa:
Inflation will still wipe the interest away

Sure you understand this

Inflation 19.2 %
Interest on Saving 30%
Interest on loans 20% worst case 25%. If you know what you are doing 10%

dre11:
More money for Nigerians as CBN asks banks to pay higher interest on savings
The rate has been revised from 10 per cent to 30 per cent of the Monetary Policy Rate (MPR).




https://www.premiumtimesng.com/news/headlines/549232-more-money-for-nigerians-as-cbn-asks-banks-to-pay-higher-interest-on-savings.html

The kind of policies this CBN administration dish out, one wonder if they are doing guess work with the Nigerian Economy