There were threads in the past opened on this topic but I think a lot have changed. Current update is needed.

What is the best bank's savings account in Nigeria in 2024 in terms of good interest rate, no unnecessary deductions, steady bank network, good customer service etc?

Depends on the amount. If it's less than 100k use opay. Atleast the interest is daily.

Solsix:
Depends on the amount. If it's less than 100k use opay. Atleast the interest is daily.

No serious person put his savings in an app without nationwide physical branches. Those apps should be treated as wallets tho you said only less than 100k.

Solsix:
Depends on the amount. If it's less than 100k use opay. Atleast the interest is daily.

Opay dey give interest? I didn't know abt this.

[quote author=chnnmfl post=128865525] No serious person put his savings in an app without nationwide physical branches. Those apps should be treated as wallets tho you said only less than 100k.[/quote
I know people who have hundreds of millions in opay. It's a digital bank. You can check the Thier monthly interest pay out to their top 100 customers. But am not sure I can put that kind of money in an app.

mii4u:

Opay dey give interest? I didn't know abt this.

Daily sef

[quote author=Solsix post=128865652][/quote] "I know people who have hundreds of millions in opay. It's a digital bank. You can check the Thier monthly interest pay out to their top 100 customers. But am not sure I can put that kind of money in an app."

Lol those ones are naive and greedy. They don't know the banking history of the country they're living in. Probably they are "new money" who are chasing Opay's high interest rate with huge sums. An "old money" can't try such nonsense. They should go and study what happened in the past to well established commercial banks in Nigeria with nationwide branches like Savannah Bank, Oceanic Bank, Intercontinental Bank etc. Talkless of putting their trust in an app that can vanish in a second.

Your best bet is Ecobank

No nigeria bank is good for savings account

chnnmfl:
"I know people who have hundreds of millions in opay. It's a digital bank. You can check the Thier monthly interest pay out to their top 100 customers. But am not sure I can put that kind of money in an app."

Lol those ones are naive and greedy. They don't know the banking history of the country they're living in. Probably they are "new money" who are chasing Opay's high interest rate with huge sums. An "old money" can't try such nonsense. They should go and study what happened in the past to well established commercial banks in Nigeria with nationwide branches like Savannah Bank, Oceanic Bank, Intercontinental Bank etc. Talkless of putting their trust in an app that can vanish in a second.

Those where in the past, incase anything goes wrong, depositors will be refunded. Every Kobo is insured by NDIC. It will only take time.

Wema alat is the best for savings

Etranshub:
Wema alat is the best for savings

Reasons?

Solsix:

Those where in the past, incase anything goes wrong, depositors will be refunded. Every Kobo is insured by NDIC. It will only take time.

Not every kobo.

NDIC is insured upto 500k. That means if you have 100m in a bank wey fold, na 500k dey go give you.

colyx1:
Your best bet is Ecobank

Can you give reasons?

chnnmfl:
Not every kobo.

NDIC is insured upto 500k. That means if you have 100m in a bank wey fold, na 500k dey go give you.

Ok

Solsix:

Daily sef

How pls?

mii4u:

How pls?

Dm

chnnmfl:
There were threads in the past opened on this topic but I think a lot have changed. Current update is needed.

What is the best bank's savings account in Nigeria in 2024 in terms of good interest rate, no unnecessary deductions, steady bank network, good customer service etc?

Forget about putting your savings in any bank. Put the money into FGN Treasury Bills and thank me later.

Interest on the one year tenor is now over 21%.

chnnmfl:
No serious person put his savings in an app without nationwide physical branches. Those apps should be treated as wallets tho you said only less than 100k.

NaijaphiliaBlog:


Forget about putting your savings in any bank. Put the money into FGN Treasury Bills and thank me later.


Interest on the one year tenor is now over 21%.

Money saved isn't the best of financial decision(s) to take ...rather let your money work and yield for you by investment involvements...like going into daily services to solve the needs of an ever growing human race!.

Wittyness

chnnmfl:
No serious person put his savings in an app without nationwide physical branches. Those apps should be treated as wallets tho you said only less than 100k.

That's your opinion. You would be the unserious one to those saving millions with Opay.

wittywriter:



Money saved isn't the best of financial decision(s) to take ...rather let your money work and yield for you by investment involvements...like going into daily services to solve the needs of an ever growing human race!.

Wittyness

Don't do any business with Wittywriter, he is a scammer. A Boy impersonating a woman

Etranshub:
Wema alat is the best for savings

They have not given me interest before

9jaWarrior:

They have not given me interest before

stash your savings in alat goal to get interest in it

No nigeria bank is good for saving account!

Etranshub:
stash your savings in alat goal to get interest in it

Okay