ADVERTISEMENT
NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
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.
Below is a full list of banks that offer 7.4% rate on deposits:
1. Access Bank
2. Ecobank
3. Fidelity
4. First Bank of Nigeria
5. GTBank
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
(Sourced from Nigerian Tribune)
