presleYzzi:





Thank God you did not include those thieves called first bank

Bros,why you dey vex like this na?
First Bank gives me 6% over N500,000 FD which GT is giving @ mere 3%.

Okfiscal:
Now that you’ ve save some emergency fund, but the rate your locate bank is paying is too small – then you need a high savings interest account.
When it comes to savings, you should consider the best options offered by Nigerian banks.you have to understand what savings account is and how it can help you earn a great interest on your money. There are many different types of accounts you can use:

√Call deposit
√Fixed deposit
√High-interest deposit.

It is smart to choose the high-interest savings option that pays interest to you. Such accounts offer the flexibility you’ll love. You can perform the following actions without worrying about losing your interest:

Withdraw cash when you need it
Make online payments
Enjoy different services that do not affect your savings account.
Savings accounts allow bank customers keep their money in the bank and earn several percents per year on top of the original amount.
Factor to examine when looking for high interest savings account
If this is your first time looking for a high-interest savings account, skipping through these options can be dangerous. When you choose a bank, you’ll want to know a few things:

How much you have to deposit in your account.
The startup cost for opening an account
How much APY[annul percentage per year] the bank is paying
Any monthly maintenance fees
The minimum you need to keep in your account to get the best rates
How long it will take to transfer your funds to another account
What to expect from customer service
find banks with high interest rate in Nigeria.
Note: The interest rates these banks are paying is as of the time of this writing. Please search for “[bank name]” + “savings interest rate” to get up-to-date rates or contact the bank you are interested in and make updated enquires
Although, Savings account offers you interest rates on your deposits with 2% being the minimum interest rates and 6% the highest interest rate a bank offers.
Now let look at 5 banks that offers high interest rates to their customers:

1.Diamond HIDA 2-6%

This financial institution has an interesting proposition called High Interest Deposit Account. If you planning to save for a special project like a wedding, buying a house or investing in a business or are you simply looking to keep away some funds for rainy days? HIDA is a special deposit account that will perfectly suit your goals and at the same time offer full credit interest on your savings. Simply put, the more you save, the more interest you earn on your deposits.For those who have not mastered the art of saving money, Diamond HIDA is a great way to start because the account does not come with a debit card so you will not be tempted to make unnecessary withdrawals. You can also enjoy 2 free withdrawals and still maintain credit interest on available balance. Below are a breakdown of interest rate earned on available balance
Less than N 100,000: 2% interest rate per Annum.
N 100,000 and N 999,999: 4.5% per annum
N 1,000,000 and N 4,999,999:5% per annum
N 5 million and above: 6.0% per annum

2.Savings Account DiamondXtra

The HIDA option offered by Diamond bank is not suitable for all Nigerians. Those of you who need a savings account with a small amount of money at the beginning can look at the DiamondXtra savings account that starts with just 1,000 Naira.

As one of the top banks in Nigeria, Diamond bank allows all interested individuals to earn interest on their saving accounts. Here are the main benefits of this offer:
An account can be opened with only 1,000 Naira on it.
There is no minimum amount you’ll have to keep on the account.
The card you’ll get is free to use at all local ATMs.
You are allowed making 3 free withdrawals within a month.
One odd fact about diamondxtra, you loose your interest onces you make 4 withdrawals in the same month.

3.Zenith Bank Account

Depending on your expectations or what suits your needs, Zenith bank offers savings account packages to suit your goals

Individual savings account: if you have a specific goal to meet up with or simply want to start setting money aside, this account is recommended for you. No money is required to open this account and you are offered interests on your fund whatever your goal for opening this account may be. You get emails or SMS alerts or even both, a debit card, master card or visa card
EazySaveClassic Account: this is specially designed for individuals with minimal forms of identification/ it has a zero account opening balance, maximum single deposit N 50,000 maximum cumulative account balance N300,000

4.GTMax Savings Account 2-3%

GTbank offers an option called GTMax. It is an account that allows Nigerians save their money and earn some interest that depends on the amount of their current funds. This savings possibility is not available to everyone because there is a minimum amount required for opening and maintaining your account.
GTMax offers these interest rates per year:
2 percent – account is opened with at least 150,000 Naira
2.75 percent – you need the minimum of 500,000 Naira to earn this interest
3 percent – for people who have at least 1 million Naira to save
All three options require a minimum balance of 100,000-500,000 Naira depending on the account type and percentage earned per annum.
The account can be interesting to businesspersons and companies who need to save money and multiply them. The good thing is that the interest can be earned as long as the minimum balance is preserved. Besides, you are allowed making only up to 5 withdrawals per month, otherwise, you’ll have to pay the fee of 2 Naira per each transaction made during the month.

5.Savings at FCMB premiun account -3.3%

Do you prefer using the First City Monument Bank? It also has a savings option for customers who need to save their money for something important or make the funds working and earning some interest. Learn more about the Premium Savings option offered here.
While the financial organization doesn’t require you to keep a minimum amount on your account you still have to add at least 100,000 Naira in order to open your savings account. Still, if you wish to earn the biggest annual interest rate (it is 3.3 percent) you need to make sure your average balance per day is at least 100,000 Naira. If the balance becomes lower than, your earnings will reduce significantly.
Just like many similar savings options, you can’t make more than 3 withdrawals per month or you will lose your monthly interest earning.

In conclusion, it is smart to save in high interest savings account because your savings capacity and interest generated determines the level of your success.

SOURCE:https://okfiscal.com/5-banks-in-nigeria-with-high-savings-interest-rate/

they will pay interest and collect it back with charges

The kind of threads we need. Not toto matter everytime.

ednut1:
Any one saving in a savings account is a mumu.

Not necessarily. Stanbic gives 6.2% for accounts 100k & above. 4.2% below 100k. Paid out monthly. But their mutual money funds is a wiser option if you have plenty money you're not using.

Op, What of ALAT by wema bank?

They give 10 %

maybachmusic:
Uselss Investment for lazy people

Too many ways to earn 10-15%

For those who are averse to risk taking, its better to have your money intact than to do MMM with 100% interest and lose it to Nigerian Mavrodi

hartson:
Bros,why you dey vex like this na?
First Bank gives me 6% over N500,000 FD which GT is giving @ mere 3%.

What about the normal savings account were they tap into your cash like Palm wine tappers

ppreye:
You can never find first bank here.
Have been using that bank for years never have I been gifted as much as #5.. Always charging

Imagine a 500w mobile power bank that has an inbuilt lithium ion battery of 250,000mah that could save power for just your TV, Sound system, decoder, PCs and lightings for up to 12hours uptime. Ideal for homes and small businesses. REN solar hub is the place to visit. Nationwide delivery.

For more info pls check my signature for our website and contact details.

and if such power bank overheat and explode, ..... Hmmmmmm

eSaver is cool

Em5:
What of Standard Chartered Bank

frugal:

Not necessarily. Stanbic gives 6.2% for accounts 100k & above. 4.2% below 100k. Paid out monthly. But their mutual money funds is a wiser option if you have plenty money you're not using.

516 naira a month on 100k

presleYzzi:




What about the normal savings account were they tap into your cash like Palm wine tappers

some banks have zero interest for savings account.so if first bank gives you interest for savings account then rejoice.

maybachmusic:
Uselss Investment for lazy people

Too many ways to earn 10-15%

Please bro show me some ways

frugal:

Not necessarily. Stanbic gives 6.2% for accounts 100k & above. 4.2% below 100k. Paid out monthly. But their mutual money funds is a wiser option if you have plenty money you're not using.

please tell me more about that mutual funds stuff.
And guys, pls throw much light on whatever options you are proffering. Thanks all

Nice share

Yeah, that's what I thought.

9jaRealist:


Access Bank...
But they have retained the ‘Diamond’ name on several legacy Diamond Bank products.
>

maybachmusic:
Uselss Investment for lazy people

Too many ways to earn 10-15%

care to share?

frugal:

Not necessarily. Stanbic gives 6.2% for accounts 100k & above. 4.2% below 100k. Paid out monthly. But their mutual money funds is a wiser option if you have plenty money you're not using.

Please I need more details on the stanbic savings. I'm interested.

Stanbic IBTC mutal funds all day long. 11.2% (as of yesterday) daily interest

6% is high interest rate? Where men dey get 17-19% on Fixed Deposits?

Please look beyond tier-1 and tier-2 banks o, else inflation (currently 11%) will swallow up everything you've ever worked for.

Ordinary OPay (PAYCOM) pays 10% per annum so why would any individual lock up funds with Diamond at 4%? That's pure m.adness. My savings account with a Microfinance bank is compounded monthly at 15% annual interest rate.

maybachmusic:

And use it to make 12% a month trading indices

If only they knew

Bro pls educate me on this piggybank and trading indices

maybachmusic:
Uselss Investment for lazy people
Too many ways to earn 10-15%

Oga abeg educate us. abeg give us the idea pls

ednut1:
516 naira a month on 100k

It's not great. Not bad either. It's good to know that when you leave money in your account for a certain period, it won't decrease.
Imagine having a balance of N1m that you didn't touch for one year due to good cash flow, and then seeing an additional N60k+ interest added untop. It's not bad.

mercy87:


Please I need more details on the stanbic savings. I'm interested.

Download their mobile app on playstore and open an instant account.

Ok

mightiersa:
Have you considered U-gold account of UBA?

If I can't get a rate that is higher than TB rates of CBN, why disturbing myself?

Union Bank give you 10% on unionmax

hartson:
some banks have zero interest for savings account.so if first bank gives you interest for savings account then rejoice.

Bro I'm not taking about the interest on savings, I'm talking about how they deduct your money for no good reason

Cool

Okfiscal:
Now that you’ ve save some emergency fund, but the rate your locate bank is paying is too small – then you need a high savings interest account.
When it comes to savings, you should consider the best options offered by Nigerian banks.you have to understand what savings account is and how it can help you earn a great interest on your money. There are many different types of accounts you can use:

√Call deposit
√Fixed deposit
√High-interest deposit.

It is smart to choose the high-interest savings option that pays interest to you. Such accounts offer the flexibility you’ll love. You can perform the following actions without worrying about losing your interest:

Withdraw cash when you need it
Make online payments
Enjoy different services that do not affect your savings account.
Savings accounts allow bank customers keep their money in the bank and earn several percents per year on top of the original amount.
Factor to examine when looking for high interest savings account
If this is your first time looking for a high-interest savings account, skipping through these options can be dangerous. When you choose a bank, you’ll want to know a few things:

How much you have to deposit in your account.
The startup cost for opening an account
How much APY[annul percentage per year] the bank is paying
Any monthly maintenance fees
The minimum you need to keep in your account to get the best rates
How long it will take to transfer your funds to another account
What to expect from customer service
find banks with high interest rate in Nigeria.
Note: The interest rates these banks are paying is as of the time of this writing. Please search for “[bank name]” + “savings interest rate” to get up-to-date rates or contact the bank you are interested in and make updated enquires
Although, Savings account offers you interest rates on your deposits with 2% being the minimum interest rates and 6% the highest interest rate a bank offers.
Now let look at 5 banks that offers high interest rates to their customers:

1.Diamond HIDA 2-6%

This financial institution has an interesting proposition called High Interest Deposit Account. If you planning to save for a special project like a wedding, buying a house or investing in a business or are you simply looking to keep away some funds for rainy days? HIDA is a special deposit account that will perfectly suit your goals and at the same time offer full credit interest on your savings. Simply put, the more you save, the more interest you earn on your deposits.For those who have not mastered the art of saving money, Diamond HIDA is a great way to start because the account does not come with a debit card so you will not be tempted to make unnecessary withdrawals. You can also enjoy 2 free withdrawals and still maintain credit interest on available balance. Below are a breakdown of interest rate earned on available balance
Less than N 100,000: 2% interest rate per Annum.
N 100,000 and N 999,999: 4.5% per annum
N 1,000,000 and N 4,999,999:5% per annum
N 5 million and above: 6.0% per annum

2.Savings Account DiamondXtra

The HIDA option offered by Diamond bank is not suitable for all Nigerians. Those of you who need a savings account with a small amount of money at the beginning can look at the DiamondXtra savings account that starts with just 1,000 Naira.

As one of the top banks in Nigeria, Diamond bank allows all interested individuals to earn interest on their saving accounts. Here are the main benefits of this offer:
An account can be opened with only 1,000 Naira on it.
There is no minimum amount you’ll have to keep on the account.
The card you’ll get is free to use at all local ATMs.
You are allowed making 3 free withdrawals within a month.
One odd fact about diamondxtra, you loose your interest onces you make 4 withdrawals in the same month.

3.Zenith Bank Account

Depending on your expectations or what suits your needs, Zenith bank offers savings account packages to suit your goals

Individual savings account: if you have a specific goal to meet up with or simply want to start setting money aside, this account is recommended for you. No money is required to open this account and you are offered interests on your fund whatever your goal for opening this account may be. You get emails or SMS alerts or even both, a debit card, master card or visa card
EazySaveClassic Account: this is specially designed for individuals with minimal forms of identification/ it has a zero account opening balance, maximum single deposit N 50,000 maximum cumulative account balance N300,000

4.GTMax Savings Account 2-3%

GTbank offers an option called GTMax. It is an account that allows Nigerians save their money and earn some interest that depends on the amount of their current funds. This savings possibility is not available to everyone because there is a minimum amount required for opening and maintaining your account.
GTMax offers these interest rates per year:
2 percent – account is opened with at least 150,000 Naira
2.75 percent – you need the minimum of 500,000 Naira to earn this interest
3 percent – for people who have at least 1 million Naira to save
All three options require a minimum balance of 100,000-500,000 Naira depending on the account type and percentage earned per annum.
The account can be interesting to businesspersons and companies who need to save money and multiply them. The good thing is that the interest can be earned as long as the minimum balance is preserved. Besides, you are allowed making only up to 5 withdrawals per month, otherwise, you’ll have to pay the fee of 2 Naira per each transaction made during the month.

5.Savings at FCMB premiun account -3.3%

Do you prefer using the First City Monument Bank? It also has a savings option for customers who need to save their money for something important or make the funds working and earning some interest. Learn more about the Premium Savings option offered here.
While the financial organization doesn’t require you to keep a minimum amount on your account you still have to add at least 100,000 Naira in order to open your savings account. Still, if you wish to earn the biggest annual interest rate (it is 3.3 percent) you need to make sure your average balance per day is at least 100,000 Naira. If the balance becomes lower than, your earnings will reduce significantly.
Just like many similar savings options, you can’t make more than 3 withdrawals per month or you will lose your monthly interest earning.

In conclusion, it is smart to save in high interest savings account because your savings capacity and interest generated determines the level of your success.

SOURCE:https://okfiscal.com/5-banks-in-nigeria-with-high-savings-interest-rate/

the GTB 2.78 IS IT MONTHLY OR ANNUALLY

MBA FOREX 15% monthly interest

Money market funds will give you more than banks with the same level of security

9jaRealist:


Agree...
But this is essentially trading returns for (relative) security.
>