Table of Contents
Which bank in Nigeria has the highest interest rate?
Fidelity Bank currently offers the highest interest rates for savings deposit accounts (target) in Nigeria in 2022 – 3.5\%. The current Fidelity Bank HYSA savings accounts interest yield tandem the highest volume, is actually the highest observed.
How much is interest rate in Nigeria?
| Related | Last | Unit |
|---|---|---|
| Interest Rate | 11.50 | percent |
| Cash Reserve Ratio | 27.50 | percent |
| Interbank Rate | 10.14 | percent |
| Money Supply M1 | 16553042.48 | NGN Million |
What is the monthly interest on 100000?
Assuming principal and interest only, the monthly payment on a $100,000 loan with an APR of 3\% would come out to $421.60 on a 30-year term and $690.58 on a 15-year one. Credible is here to help with your pre-approval.
Which bank pays highest interest on fixed deposit in Nigeria?
Sterling Bank fixed deposit account interest rate This customer friendly bank gives out the highest interest rate in Nigeria as your investment increases by 5\% after 30 days, 5.25\% interest rate after 60 days and 5.5\% after 90 days of investment.
How much interest does Zenith bank pay on savings account?
Interest rate 1.15\% P.A.
Where you can invest your money in Nigeria?
20 ways to invest your money wisely in Nigeria
- Online Investment Apps.
- FGN Savings Bond (FGNSB)
- Stocks.
- Online Agric Investment Portals.
- Mutual Funds.
- Stanbic IBTC Equity Fund.
- ARM Aggressive Fund.
- Stanbic IBTC Money Market Fund.
How much interest does 100000 earn a year?
How much interest will I earn on $100k? How much interest you’ll earn on $100,000 depends on your rate of return. Using a conservative estimate of 4\% per year, you’d earn $4,000 in interest (100,000 x . 04 = 4,000).