Personal / Fixed deposits
Fixed deposits
Lock money away for 30 to 365 days and know exactly what comes back. From ₦100,000.
01 / Calculator
What your deposit earns
Tenor
Add 0.5 percent from ₦5 million. Example rates for this demo.
You receive at maturity, example
₦0
02 / Rates
Example rates by tenor
| Tenor | Under ₦5m | ₦5m and above |
|---|---|---|
| 30 days | 14% | 14.5% |
| 90 days | 16% | 16.5% |
| 180 days | 17.5% | 18.0% |
| 365 days | 19% | 19.5% |
Example rates a year for this demo. Not an offer.
03 / How it works
Simple rules
Choose amount and tenor
From ₦100,000, for 30, 90, 180 or 365 days.
Interest at maturity
Paid with your deposit on the maturity date, after withholding tax.
Roll over or withdraw
Choose to roll over automatically or have it paid to your current account.
Need it early?
You can break a deposit early; interest is then paid at the Grow savings rate.
04 / Tip
Ladder your deposits
Split a large sum across 90, 180 and 365 days. Something matures every few months, so you are never far from your money, and you earn more than a single short deposit (example).
Questions
Questions people ask
Is my deposit insured?
In the real bank, deposits would be covered by the national deposit insurance scheme up to its limit. This demo shows example details only.
Can I add to a fixed deposit?
Not to a running deposit; open a second one instead.
Next
Book a fixed deposit
At any branch or through your relationship manager.