- Nigerian banks have announced new interest rates on savings accounts
- In an email to its customers, Access Bank said it is increasing the interest rate on all its savings accounts to 4.50% per annum
- Other banks, such as Zenith Bank, FCMB, First Bank, and Fidelity Bank announced new interest rates
Following the Central Bank of Nigeria’s (CBN) hike of the Monetary Policy Rate (MPR), Nigerian banks have announced new interest rates on savings accounts.
One of Nigeria’s leading financial institutions, Access Bank announced in an email to customers that it reflects the new CBN interest rate on savings accounts ‘effective immediately.’
