Important News To All Nigerian Bank Customers that Have Bank Accounts and Deposit Money

Full List: CBN Releases Access, UBA, GTB, Other Banks’ Interest Rates on Customer’s Deposits

The Central Bank of Nigeria (CBN) has released the latest savings interest rates for Nigerian banks

The data, published on the CBN website, is part of the apex bank’s commitment to transparency to guide bank customers

A savings rate is the interest rate Nigerian banks pay their customers for saving money, and it varies between banks

Deposit Money banks (DMBs) have increased their interest rates on deposits to reflect the latest Monetary Policy Rate announced by the Central Bank of Nigeria.

for their customers at least 7.88% interest on their deposits as of June 28, 2024.

This is higher than the 5.55% average interest offered as of June 2023.

Here is a breakdown of banks’ lending rates

Name of bank savings rate

• Access Bank.          7.88%
• Citi Bank.                 7.88%
• Coronation Bank.   21.34%
• Ecobank.                  7.86%
• FCMB.                      1.15%
• Fidelity Bank.          7.43%
• First Bank of Nigeria. 7.88%
• Globus Bank Ltd.    1.40%
• Guaranty Trust Bank. 7.88%
• Keystone Bank Ltd.    7.88%
• Optimus Bank.          7.88%
• Polaris Bank.             7.88%
• Premium Trust.        7.88%
• Providus Bank.         7.88%
• Signature Bank.        6.63%
• Stanbic IBTC.            2.63%
• Standard Chartered Bank. 7.88%
• Sterling Bank.           7.88%
• Wema Bank.             7.88%
• Titan Trust Bank.     7.88%
• Titan Trust Bank.     7.88%
• Titan Trust Bank.     7.88%
• Union Bank.              7.88%
• Unity Bank.               7.88%
• Zenith Bank.             7.88%