Bank interest rate comparisons for your fixed account

 

(Previous) How is fixed deposit interest calculated?

For these enquiries, Diamondbank, Skye bank and StanbicIBTC banks were contacted. Here are the current rates from each of these banks at the time of the enquiry – September 2015.


We have worked out monthly returns on a deposit of ₦500,000 based on these rates:
Some additional points Diamondbank – Minimum term: 30 days. Minimum amount: N1m Skye bank – Minimum term: 30days. Minimum amount: N500,000 StanbicIBTC – Minimum term: 30 days. Minimum amount: N100,000. If you are interested in fixing for 1 year, StanbicIBTC offers the highest fixed deposit rates at 12% for amounts fixed fixed for a whole year.

NOTE: that these rates are only offered as a guide, as actual rates vary weekly and interest is paid based on the variable rates set by the banks. Please ensure that you call the bank to get current rates before you make an investment.

NOTE: PLEASE CONTACT YOUR BANK CUSTOMER CARE FOR MORE INFORMATION ABOUT YOUR FIXED DEPOSIT ACCOUNT, THANK YOU.

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