Zenith Bank Fixed Deposit Interest Rate In Nigeria

Zenith Bank Fixed Deposit Interest Rate In Nigeria For 30, 60, 90, 180 Days In 2017 - Learn From Your Branch In 2018, 2019, 2020, 2021, 2022.



Fixed deposit has been one of the safest and risk-free investment available to anyone looking for a short-term window to keep idle cash and enjoy a moderate return. The advantage of fixing your money in such an account is that you have an opportunity to let your money do a little work for you.

Investing in Zenith bank fixed deposit account:

As culled from the bank's website, A fixed deposit account is a short-term investment that offers a guaranteed/agreed fixed rate on your principal over a tenor, say between 30-90 days. 
The bank also claims that their competitive interest rates accurately reflects money market realities on short - term money market product for customers who would want to save towards future projects.
Features:
  • Minimum deposit of N100,000.00 in your current/savings account 
  • Earns higher interest than call deposit
  • In the event of a partial or full Liquidation before maturity, the interest rate would be automatically reversed to our prevailing call rate effective from value date, after which this contract would be terminated and become void 
  • Accrued interest is subject to 10% withholding tax upon maturity 

Zenith bank fixed deposit account and interest rates:

If you are investing N100,000 - N4,900,000, here are Zenith bank interest rate offers as at when I inquired from a staff:

30 Days -   6.5%
60 Days -   7.5%
90 Days -   8.0%
180 Days - 8.5%

Let's you want to invest N1,000,000 in Zenith bank fixed deposit account for 90 Days: you cumulative interest income over the said period will be N80,000 - divide that by 90 days, you will arrive at N26,666 payable into your account monthly (maximum of 3 months).

Please note that Zenith bank fixed deposit interest rates displayed here are not final rate, you can negotiate with your account officer.

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