Skip to content
October 27, 2025
  • Peter Obi Hails  Appointment Of Margaret Obi  As High Court Judge Of England, Wale
  • NIMASA Reshuffles Management Team For Enhanced Efficiency
  • Davido Reveals Reason Of  His Meeting With French President Macron
  • Shell Urges Sustained Actions To Position Gas As Engine Of Development  

NEWS RANGERS

NEWS BY THE HOUR

Newsletter
Random News
  • Home
    • About Us
    • Contact
  • National
  • State
  • International
  • Sports
  • Features
    • Business
    • NASRDA
  • Entertainment
  • Health
  • Interview
Headlines
  • Peter Obi Hails  Appointment Of Margaret Obi  As High Court Judge Of England, Wale

    2 days ago
  • NIMASA Reshuffles Management Team For Enhanced Efficiency

    2 days ago
  • Davido Reveals Reason Of  His Meeting With French President Macron

    2 days ago
  • Shell Urges Sustained Actions To Position Gas As Engine Of Development  

    6 days ago
  • Home
  • National
  • CBN Releases Update On Savings As Banks Announce Increase In Customers’ Savings Account
  • Business
  • National

CBN Releases Update On Savings As Banks Announce Increase In Customers’ Savings Account

News Rangers1 year ago03 mins

LAGOS OCTOBER 7TH (NEWSRANGERS)-The Central Bank of Nigeria has released updated saving deposit interest rates for various Deposit Money banks (DMBs).

According to CBN, banks now offer an average savings deposit rate of 8.03% compared to the previous average rate of 7.88%.

A savings rate is the interest rate Nigerian banks pay their customers to save money, which varies between banks.

Ecobank, one of the leading commercial banks in Nigeria, announced in a message to customers the increase, stating: “Your savings just got a boost! Enjoy a new interest rate of 8.175% p.a. on all Ecobank savings accounts.

“Whether you’re saving for future goals or just building a financial cushion, Ecobank is here to help your money grow faster.”

Breakdown of banks’ lending rates

Here is a breakdown of the average interest rate published by CBN.

Access Bank: 8.03%

Citibank: 7.88%

Ecobank: 8.03%

FCMB: 1.15%

Fidelity Bank: 8.03%

First Bank: 8.03%

Globus Bank: 1.40%

GTB: 5.55%

Keystone Bank: 8.03%

Optimus: 6.83%

Polaris: 8.03%

Premium Trust: 8.03%

Providus Bank: 8.03%

Signature Bank: 6.63%

Stanbic IBTC: 2.68%

Standard Chartered Bank: 8.03%

Sterling Bank: 8.03%

SunTrust: 8.00%

Titan Trust Bank: 8.03%

UBA: 8.03%

Union Bank: 8.03%

Unity Bank: 8.03%

Wema Bank: 8.03%

Zenith Bank: 8.03%

Earlier the Unity Bank had resolved the network issues that had affected its customers.

The Africa Association of Professional Freight Forwarders and Logistics of Nigeria released a public statement on the network issues.

The bank has apologised for the inconvenience and announced that regular services have been restored.

To further address the challenge, the bank has decided to open during weekends to alleviate customers’ difficulties and provide additional support.

NewsPot

For media advert placement, events coverage, media consultancy, placement of publications and further inquiries please WhatsApp 2348023773039 or email: labakevwe@yahoo.com

 

 

 

facebookShare on Facebook
TwitterPost on X
FollowFollow us
PinterestSave

Related Posts

  • CBN Deducts N5.61bn From Three Banks Over Alleged Illegal Repatriation

    LAGOS SEPTEMBER 7TH (NEWSRANGERS)-The Central Bank of Nigeria has deducted a total of N5.61 billion…

  • New Currency Notes: CBN Expects N2trn Of Old Notes Returning To Banks Before 31st

    LAGOS JANUARY 25TH (NEWSRANGERS)-The Central Bank of Nigeria expects at least 2 trillion naira ($4.3…

  • FAKE NEWS: CBN Denies Authorizing Banks To Collect N500, N1,000 Old Notes

    LAGOS FEBRUARY 17TH (NEWSRANGERS)-The Central Bank of Nigeria (CBN) has denied reports in some of…

Tagged: Announce Increase Banks CBN Central Bank of Nigeria Customers’ Savings Account Releases Savings Update

Post navigation

Previous: ‘85% Of All Cryptocurrencies Are Worth Less Than A Cent’
Next: Shell MD Okunbor Receives Indigenous Companies Association, PETAN Award For Excellency

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Peter Obi Hails  Appointment Of Margaret Obi  As High Court Judge Of England, Wale

News Rangers2 days ago 0

NIMASA Reshuffles Management Team For Enhanced Efficiency

News Rangers2 days ago 0

Davido Reveals Reason Of  His Meeting With French President Macron

News Rangers2 days ago 0
L-R: Head , Portfolio, Regulation and Supply, Chukwuka Amos-Ejesi, Shell Nigeria Energy (SEN); President, Nigeria Gas Association (NGA) , Akachukwu Nwokedi ; Manager, Commercial Sales and Customer Service , Ehizogie Olotu, Shell Nigeria Gas (SNG); Executive Commissioner, Development and Production, Eronse Amadasun , Nigerian Upstream Petroleum Regulatory Commission (NUPRC);President, Nigerian Association of Petroleum Explorationists, Uche Johnbosco; Regional Representative United Nations General Protocol( UNGP) for Sustainable Development Goals(SDGs), Dr Douglas Jombo…at the Gas Investment Forum in Lagos

Shell Urges Sustained Actions To Position Gas As Engine Of Development  

News Rangers6 days ago 0

News Rangers TV

Entertainment

  • Davido Reveals Reason Of  His Meeting With French President Macron
  • Few Days To 29th Wedding Anniversary Akon’s Wife Files For Divorce, Demands €100m
  • ‘Sound Of Music’ Actress Accuses Producer Of Raping Her At Age 15
  • Grammy Award Winning Song Writer Brett James, Two Others Die In Plane Crash
  • R.Kelly Seeks Redemption From Behind Bars With New Muisc, ‘Don’t Let Me Go To HELL’

News Rangers TV

Interviews

  • Help! My Husband Still In Kidnappers’ Den After Three Months-Woman Cries Out
  • How I Stopped Corrupt Colleagues From Killing Traveler With Cash-Filled Bag – Retired DSP
  • Fuel Sufficiency: NNPCL Have Commenced Pipelines, Depots’ Rehabilitation-Soneye
  • Humanitarian Crises: Why Nigeria Needs Collective Response – UN Rep. 

Sports

  • The Growing Tension Inside Barcelona Boardroom Between Flick And Yamal
  • Real Madrid Star Vinicious Jr’s House On Fire
  • Argentina Sends Nigeria Under-20 Team Out Of  FIFA U20 World Cup
  • I’ll Knockout Joshua In Front Of His Nigerian Fans, Congolese Heavyweight Bankole Brags