Further, which bank has the best fixed deposit rate in Nigeria? Below is a list of interest rates of 6 top banks in Nigerian fixed deposit account
First Bank of Nigeria fixed deposit account interest rate.
Stanbic IBTC fixed deposit account interest rate.
Wema Bank fixed deposit account interest rate.
Access Bank fixed deposit account interest rate.
In addition to, which bank is paying the highest interest rate on fixed deposit in UAE?
Compare to Save Money
BankDeposit Account NameProfit Rate%
1mo Fixed Deposit
1mo Fixed Deposit
1mo Mudaraba General Investment
1yr Amal Term Investment Deposit
Which bank is safe for FD?
To get the benefit of high rates, both SBI Bank and ICICI bank have a new FD scheme exclusively for senior citizens. The bank fixed deposits are becoming the first choice of depositors to keep their savings safe.
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Given the size of the bank, the government stepped in rather quickly and it is unlikely that a bank of the size of Yes Bank would be allowed to collapse. This makes the deposits of Yes Bank safe at least for a tenure of 1-2 years.
FD is considered as a safe investment option since decades. You can earn a maximum of 7–8% pre-tax return on Fixed Deposits based on type of FD and period of Fixed deposit. You get fixed returns from FDs. Returns from fixed deposits are assured and no risk attached.
Interest paid on a fixed deposit is paid either monthly or quarterly according to the investor's choice. So if you invest Rs 3 lakhs in a one year fixed deposit which pays 8 per cent you can earn Rs 2,000 of interest every month or Rs 6,000 of interest every quarter.
Based on the Dubai statistics center income distribution, with your projected income of 8000 AED/month or the equivalent of 96,000 AED/year you fall in the lowest earning bracket of 0–100k so relative to the majority of the population you are receiving much less income than everyone else.
Now small banks, new banks and some NBFCs offer higher interest rates on FDs to customers as compared to other top banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, etc. to name a few. ... So your bank Fixed Deposits (FDs) are safe.