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Deposit Rates

RATE SHEET DATE: 19/5/2015

AMOUNT

90 DAYS

180 DAYS

ABOVE 180 DAYS

<250,000

5%

6%

7%

N250,000 to N500,000

6%

7%

8%

Above N500,000 to N1,000,000

7%

8%

9.5%

Above N1,000,000 to N2,000,000

9%

10%

11%

Above N2,000,000 to N5,000,000

10%

11%

13%

Above 5,000,000 to N10,000,000

11%

12%

14%

N10,000,000 and above

12%

14%

16%

All interest are subject to 10% withholding tax and payable back end. Where rates demanded are higher than the rate guide, Head of Business and Managing Director/CEO should be contacted. On no account should deposits be turned down without due consultation with them.


 

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