zenith bank fixed deposit interest rate

You can select two nominees in an application form for a FD. Call/Current account sweep facility. For all Non-Cumulative Fixed Deposits, interest is calculated on Simple interest basis. 5. Note: As per the Terms & Conditions of Fixed Deposit Accounts of the bank, the penalty on premature closure of Fixed Deposits including sweep-in and partial closures has been fixed by the Bank at the rate of 1% provided your RFC FD interest is equivalent to 1% or more . Features: Interest is paid upon maturity of the investment. Lengthen your Fixed Deposit period: Typically, the longer your FD period is, the higher the interest rate is. Interest Rates are revised from time to time and made known to public. I wrote Zenith bank to ask about their fixed deposit interest rate and got this response. Yes, up to 2 people can apply for a single product. Details of any Bonus Rates. Most depositors – including most individuals and small businesses – are covered by the scheme. Bank Fixed Deposit: Check latest interest rates for general customers, senior citizens Many banks, including big ones like the SBI, HDFC, and Axis Bank, offer interest rates in the range of 7 per cent to 7.5 per cent on fixed deposits. For more information on our response to COVID-19 please click here Fixed rate savings accounts from Zenith Bank (UK) Ltd 1 Year Fixed Term Deposit 0.55% A Fixed/Tenured Deposit is a tenured investment account with a specific amount invested at an agreed interest rate and tenure. Compare the rates: Different banks have different FD interest rates. Earn a fixed interest rate on a wide choice of terms with a Gateway Bank personal term deposit. To get maximum returns from your deposits, check the rates of all the banks before opening an FD. Your browser does not support speech synthesis. 3 Years. 0.00, Title Sponsorship of The National Women's Basketball League, Sponsorship of the Nigeria Football Federation (NFF), Zenith Economic Quarterly Vol.16 No.4 October 2020, Zenith Bank emerges Bank of the Year in Nigeria in The Banker’s Bank of the Year Awards 2020, Zenith Economic Quarterly Vol.16 No.3 July 2020, Zenith Bank GMD Seeks Expansion of Non-Oil Exports Post COVID-19, Zenith Bank Rewards Customers with Massive Giveaways in the “Zenith Beta Life” Weekly Promo, Earns higher interest than a savings account, Liquidation before maturity attracts a penalty charge of 20% of accrued interest or ₦2,000 (whichever is higher), Accrued interest is subject to 10% withholding tax upon maturity, Easily accessible with 24 hours notice without penalty, Accrued interest is subject to 10% withholding tax at termination, Accrued interest is NOT subject to withholding tax upon maturity, Liquidation before maturity is Prohibited, Customer has an option of taking interest upfront or backend, Available tenor range is between 100 to 364 days, Investment cannot be rolled over. (Image for representation) Do you accept Cheques? Any Indian resident including the minors and Hindu Undivided Family can open a fixed deposit account. Tiered interest rates according to deposit amounts and call tenor. Deposit Interest Rate in Nigeria decreased to 2.90 percent in November from 3.52 percent in October of 2020. The rates provided below are valid as at 16th of February 2016. For more information on our response to COVID-19 please click here, From time to time we also offer promotional online deposit rates in partnership with Raisin UK therefore applicants may also wish to review the following website for the latest offers: https://www.raisin.co.uk/bank/zenith-bank-uk/. Competitive interest rates… A Fixed Deposit is an investment account where money is deposited for a fixed period and the interest rate does not change. Call/Current account sweep facility. Access bank interest rate for fixed deposit is slightly higher as if you deposit 600,000 Naira into fixed deposit, it will appreciate by 4% after 30 days of investment. Fixed Rates. At Zenith, we believe that the beauty of life lies in the little things that give us a better expression of ourselves, make us more social and connect emotionally. GTBank Fixed Deposit and Interest Rates. The interest rate charged is fixed for a number of years or until a certain date by the lender. A short term investment at an agreed/fixed rate with a tenor of between 30-90 days. A fixed rate bond (or fixed term savings account) is a simple investment product that pays out a guaranteed amount of interest after a set period. An investment vehicle where funds or deposits are locked in for a specific fixed period at a fixed interest rate. This page includes a chart with historical data for Deposit Interest Rate … The interest rate for Stanbic or any other bank offering fixed deposit … A leading multinational financial service provider based in Nigeria. This is ideal for people saving up for an expensive vacation, real estate, or other big purchases in the future. Our Fixed/Tenured Deposits offer the best long-term saving options for you and your business. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. This can also be done via iMoney's online calculator. 0.05 Fixed deposit interest rates offered by banks in Nigeria, Current Nigeria Banks Deposits Rates as published by Centreal Bank of Nigeria CBN January 20, 2021 Ayomide Osipitan Africa, General Information, Nigeria No comments yet. An investment vehicle where funds or deposits are locked in for a specific fixed period at a fixed interest rate. Zenith Bank (UK) Limited 1 Year Fixed Term Deposit Account. If after 60 days, the money isn’t touched, it will increase by 4.35%. If you’ve got a lump sum you’re happy to put away and not touch for a while, a fixed-rate bond can be a great idea. A fixed deposit is a financial tool used by banks to offer customers with higher interest rate more that ordinary saving. 08.01.2021; Interest on CC, OD w.e.f 1st May 2019; Marginal Cost Of Funds Based Lending Rate (Historical Data) Penalty on Premature Withdrawal of Deposits From 01.04.2017; Domestic term deposits interest rates for 10 years; Savings Bank interest rates for 10 years Deposit Interest Rate in Nigeria averaged 9.54 percent from 1970 until 2020, reaching an all time high of 27 percent in September of 1993 and a record low of 2 percent in April of 1976. Re: Zenith Bank Fixed Deposit Interest Rate by freeman67: 5:19pm On May 02, 2015 As said by most of the experienced Nairalanders above Tbills is very good but to get the best out of it, you have to buy from primary market through banks or investment houses. Email: zenithdirect@zenithbank.com, call 234-1-2787000, 0700ZENITHBANK or visit the Zenith Bank branch closest to you. 1 crore. So, I was involved in the Facebook conversation on how to own GTBank fixed deposit and interest rates. UBA offers you the certainity and security needed for either short, medium or long term investments. Features: Interest is paid upon maturity of the investment. Deposit amount: Banks provide a comparatively lower rate of interest on bulk deposits exceeding Rs. Full List of Commercial Banks in Nigeria 2021 & Their Worth. Bank Fixed Deposit Interest Rates - Special Features. Domestic term deposits (Rs 2 crore and above) interest rates revised w.e.f. Bank Fixed Deposit Interest Rates - Special Features. Features: Interest is paid upon maturity of the investment. Fixed deposit rates: TENOR AMOUNT RATE PER ANNUM 30DAYS 1M 4% 60DAYS 1M 4% 90DAYS 1M 3.25% Someone please confirm if this is standard rate or there are far better rate elsewhere or maybe I should try to negotiate for more? 0.70% AER: Interest is calculated daily and payable yearly. And also, you will need to have an existing account with the bank, and then you will deposit the agreed amount you want to fix into the account. Discount. They are Zenith Bank’s investment products created for customers seeking very high yields on their investment. Many banks had to reduce the interest rate in the backdrop of the coronavirus pandemic. Interest Fixed Until. Full List of Commercial Banks in Nigeria 2021 & Their Worth. Am I eligible for a deposit account? Information To Know > Blog > zenith bank fixed deposit interest rate. Then after 90 days, it will increase by 4.5%. Welcome to Zenith Bank Plc. You are able to apply for an unlimited number of accounts with Zenith Bank (UK). Write a Zenith Bank … Its currency is the Nigerian Naira (NGN). Zenith Bank (UK) Limited 1 Year Fixed Term Deposit Account. If all of these statements are correct, you’re able to apply for our accounts. 5713749. thanks, please how do i go about it as i … So for example, you want to fix ₦500,000 for 60 days and the bank has offered you an interest rate of 7%. Our accounts are available to individuals, aged 18 years or over, who are resident in the UK. Simply deposit a specific amount into an investment account at an agreed interest rate and tenure. Latest and Historical Deposit Interest Rates as announced by the Bank. If after 60 days, the money isn’t touched, it will increase by 4.35%.

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