₦airaland Forum

In this post, we'll look at a few top banks in Nigeria that offer savers the highest interest rates on fixed deposits.

Let's get right to it.

Access Bank
They offer a fixed interest rate of 18.25% per annum, with deposits locked until maturity.
First City Monument Bank (FCMB)
Time deposits with FCMB returns an impressive average interest of 13% per annum.

Zenith Bank
Zenith bank currently offers one of the highest interest rates in Nigeria, with interest running up to 12% per annum.

Union Bank
The account offers an interest rate that ranges from 8% to 12.5% per annum and can be fixed for a minimum tenor of 30 days.

Stanbic IBTC Bank
They are offering an impressive interest rate that ranges from 8% to 11% per annum.

First Bank
First bank offers an average deposit interest rate of 8% per annum.

United Bank for Africa
United Bank for Africa (UBA) is offering a flexible-tenor fixed deposit account that pays out 8% per annum.

Guaranty Trust Bank (GTBank)
GTBank is offering a fixed deposit account that runs from 30 days up to 180 days and pays an interest rate of approximately 8% per annum.

Sterling Bank
They offer a tiered interest rate based on tenor. Yields range between 7% and 10% per annum.

Fidelity Bank
Fidelity Bank offers a fixed deposit account that pays out an interest of up to 6% per annum.
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To learn more about fixed deposit accounts offered by Nigerian banks, follow the source below:

Copyright: moneyboom.com.ng

I rather go for
MMF
TB
Bonds, forget all these deposit money banks' FDs.

I will rather put my money in Stock than fix it in bank, here below is my evidence.

tanigororo:
I will rather put my money in Stock than fix it in bank, here below is my evidence.

Hope you're taking your profits? Because this price surge might just be temporary.

Slimani:
Hope you're taking your profits? Because this price surge might just be temporary.

I only use it to save for bigger project, instead of keeping it in account with no yield

tanigororo:
I only use it to save for bigger project, instead of keeping it in account with no yield

That's exactly how it should be. Fixed deposit is best for medium to long-term savings for capital projects.

How safe is MMF? I wan put all my life saving like this.

tanigororo:
I will rather put my money in Stock than fix it in bank, here below is my evidence.

You won't show us this when the stock prices start crashing