- Access Bank, UBA, FCMB and other commercial banks have adjusted to the savings rate of customers account
- The new rates published by CBN showed that the interest rates have increased following the November CBN MPC meeting
- Based on the new savings deposit rate, bank customers will earn more from the money in their accounts
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Central Bank of Nigeria has published the new saving deposit interest rates for various Deposit Money banks (DMBs).
A savings rate is the interest rate Nigerian banks pay their customers to save money, which varies between banks.
New savings deposit rate
According to CBN’s latest data,banks now offer an average savings deposit rate of 8.18% compared to the previous average …