All interest are subject to 10% withholding tax and payable back end. Where rates demanded are higher than the rate guide, the Bank Manager and Managing Director/CEO should be contacted. On no account should deposits be turned down without due consultation with them.
RATES SHEET DATE: 01/01/2017
|AMOUNT||90 DAYS||180 DAYS||ABOVE 180 DAYS|
|N250,000 to N500,000||6%||7%||8%|
|Above N500,000 to N1,000,000||7%||8%||9.5%|