The Central Bank of Nigeria (CBN) has released updated data on savings deposit interest rates offered by Nigerian banks, showing that most lenders are paying customers around 8% per annum as of January 9, 2026, with First Bank of Nigeria and Globus Bank leading at 8.25% and 8.18% respectively, while a few banks paid significantly lower rates between 2% and 5.90%.
Full list of banks and savings rates:
Access Bank — 8.10%
Alpha Morgan Bank — 8.10%
Citi Bank — 8.10%
Ecobank — 5.90%
FCMB — 4.25%
Fidelity Bank — 8.10%
First Bank of Nigeria — 8.25%
Globus Bank Ltd — 8.18%
Guaranty Trust Bank — 8.10%
Keystone Bank Ltd — 8.10%
Nova Bank — 8.00%
Optimus Bank — 8.10%
Parallex Bank — 8.10%
Polaris Bank — 8.10%
Premium Trust Bank — 8.10%
Providus Bank — 8.10%
Signature Bank — 8.10%
Stanbic IBTC — 2.70%
Standard Chartered Bank — 8.10%
Sterling Bank — 8.10%
SunTrust Bank — 8.10%
Tatum Bank — 8.10%
United Bank for Africa (UBA) — 8.10%
Union Bank — 8.10%
Unity Bank — 8.10%
Wema Bank — 8.10%
Zenith Bank — 8.10%