You have ₦550,000 in your account. A fixed deposit is a financial tool used by banks to offer customers with higher interest rate more that ordinary saving. Call/Current account sweep facility. Competitive interest rates. Fixed deposit rates: TENOR AMOUNT RATE PER ANNUM 30DAYS 1M 4% 60DAYS 1M 4% 90DAYS 1M 3.25% Someone please confirm if this is standard rate or there are far better rate elsewhere or maybe I should try to negotiate for more? Once you confirm you’re making the arrangement and sign all the necessary documentation, the ₦500,000 will be removed from your account and be fixed, leaving you with a balance of ₦50,000. A Fixed/Tenured Deposit is a tenured investment account with a specific amount invested at an agreed interest rate and tenure. I wrote Zenith bank to ask about their fixed deposit interest rate and got this response. Wednesday, July 31, 2019 / 05:10PM /Zenith Bank One of Nigeria’s leading financial institutions, Zenith Bank Plc, has introduced a high interest-yielding target savings account named “SAVE4ME”, which enables customers plan and save towards their aspirations and needs conveniently.. Cloudflare Ray ID: 6169796a1ed4fa44 Simply deposit a specific amount into an investment account at an agreed interest rate and tenure. Another way to prevent getting this page in the future is to use Privacy Pass. • The interest rate depends on the amount you deposit and the length of the term. Call us on 0345 140 1000 or speak to your relationship manager to discuss how we can help. Interest rates will remain low until the end of H1 2021 – Meristem Securities. Go Lite, Bank Lite. If you’ve got a lump sum you’re happy to put away and not touch for a while, a fixed-rate bond can be a great idea. Debt Securities 1 week ago. Treasury bill rate has been on a steady decline for six months, down to 0.03% since the last rise (2.47%) in May 2020. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Deposit balances below this balance tier may have other rates applicable. Please enable Cookies and reload the page. Can Zenith Bank (UK) Ltd change the interest rate? It can be operated in branch only. UBA offers you the certainity and security needed for either short, medium or long term investments. Deposit Interest Rate in Ghana averaged 17.24 percent from 1978 until 2016, reaching an all time high of 36.02 percent in the fourth quarter of 1997 and a record low of 7.58 percent in the fourth quarter of 2006. You can deposit anything from £2,000 to £1 million. The interest rate indicated is for a deposit balance above 500,000.00 to 999,999.99 for this 2 year/24month term. Nigeria’s pension funds continue to divest from treasury bills. Business . We offer competitive interest rates on this short – term money market product for customers who would want to save towards future projects. A short term investment at an agreed/fixed rate with a tenor of between 30-90 days. Enjoy peace of mind and higher returns with our Fixed Rate Savings Accounts. Deposit Interest Rate in Nigeria decreased to 2.90 percent in November from 3.52 percent in October of 2020. This page includes a chart with historical data for Deposit Interest Rate in Nigeria. The money will also appreciate if you leave it. DMO offers N150 billion worth of FGN Bond for subscription in January 2021. Fixed deposit interest rates offered by banks in Nigeria, Current Nigeria Banks Deposits Rates as published by Centreal Bank of Nigeria CBN • Fixed Deposits . Deposit Interest Rate in Ghana decreased to 13.17 percent in the first quarter of 2016 from 13.22 percent in the fourth quarter of 2015. 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