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 |
<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 N2,000,000 | 9% | 10% | 11% |