In furtherance of the transparency and full disclosure stance of the Central bank of Nigeria, the Monetary Policy Committee has decided that henceforth the lending rates obtainable in all Deposit Money Banks (DMBs) be made public to guide business decisions.

Consequently, find below the applicable rates for each of the DMBs as at November 22, 2022.
The rates will be published every Wednesday in some selected national Newspapers.
The rates will also be available on the website of the Central Bank of Nigeria

Fixed Deposits Interest Rates of Nigerian Banks
January 12th, 2024

S/N	NAME OF BANK	Demand Deposit	Savings Deposit	Time Deposit
		Ave. Int Rate	Ave. Int Rate	Ave. Int Rate
1	Access Bank	0.99	5.63	11.83
2	Citi Bank Nigeria	0.20	5.60	5.00
3	Coronation Merchant Bank	-	9.22	-
4	Ecobank Nigeria	0.01	5.63	9.10
5	FCMB	0.36	1.15	10.50
6	Fidelity Bank	0.50	5.62	7.00
7	First Bank of Nigeria	-	5.63	6.94
8	FBN Merchant Bank	-	-	8.78
9	FSDH	0.20	-	12.75
10	Greenwich Merchant Bank	2.00	-	6.00
11	Guaranty Trust Bank	1.00	5.63	6.00
12	Globus Bank Ltd.	0.01	1.40	4.00
13	Heritage Bank	-	5.63	12.50
14	Keystone Bank Ltd	0.65	5.63	14.71
15	Nova Merchant Bank	-	-	11.22
16	Optimus Bank	-	-	-
17	Premium Trust	-	5.63	9.52
18	Providus Bank	1.50	5.40	12.00
19	Rand Merchant Bank Nig. Ltd	-	-	9.11
20	Polaris Bank	-	5.63	10.28
21	Signature Bank	-	5.63	6.44
22	Stanbic IBTC Bank	0.130	1.88	4.97
23	Standard Chartered Bank	-	5.77	8.79
24	Sterling Bank	0.72	5.63	9.86
25	SunTrust Bank	-	4.20	10.02
26	Titan Trust Bank	-	5.63	13.21
27	Union Bank	0.20	5.63	8.00
28	United Bank for Africa	0.05	4.20	1.00
29	Unity Bank	4.50	5.63	10.00
30	Wema Bank	0.56	5.63	7.29
31	Zenith Bank	1.97	5.63	7.26