More Money: Access, UBA, GTB, Zenith, Other Banks Make Changes to Customers’ Savings Account [Video]

• The Central Bank of Nigeria (CBN) has updated the savings interest rates of Nigerian banks, including Access Bank, UBA, and others
• The new data published by CBN showed that the interest rates range from 7.88% to as high as 21.87%
• Coronation Bank offers the highest savings deposit rate, while FCMB has the lowest savings interest rate

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 released the latest 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.

The changes reflect the most recent decision by the CBN to raise the Monetary Policy Rate (MPR).

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