Multiple commercial banks in Nigeria are presently providing a 7.4% interest rate on deposits.
This follows the increase in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) from 22.75% to 24.75% in February 2024.
Consequently, numerous banks have revised their rates to attract more savers and enhance liquidity management. This means increased returns for depositors on their savings, creating a favorable environment for investing in deposit accounts with these banks.
Tribune Online makes a full list of banks that offers 7.4% rate on deposits:
1. Access Bank
2. Ecobank
3. Fidelity
4. First Bank of Nigeria
5. GTBank
ALSO READ: CBN interest rate hike deepens private sector loan crises — LCCI
6. Heritage Bank
7. Keystone Bank
8. Optimus Bank
9. Polaris Bank
10. Premium Trust
11. Providus
12. Standard Chartered
13. Titan TrustBank
14. United Bank for Africa (UBA)
15. Unity Bank
16. Wema Bank
17. Zenith Bank
18. Sterling Bank
NIGERIAN TRIBUNE
Source:
Tribune Online