Rates and charges
Every rate and charge on one page
Savings, deposits, loans and everyday charges. All figures are examples for this demo.
01 / Savings
Savings and deposits
| Product | Example rate a year | Paid |
|---|---|---|
| Ardent Grow | 12% | Monthly |
| Grow locked goal bonus | +1% | At goal date |
| Fixed deposit, 30 days | 14% | At maturity |
| Fixed deposit, 90 days | 16% | At maturity |
| Fixed deposit, 180 days | 17.5% | At maturity |
| Fixed deposit, 365 days | 19% | At maturity |
02 / Loans
Loans
| Loan | Example rate a year | Fees |
|---|---|---|
| Salary loan | 28% | 1% management fee |
| Rent and school fees loans | 28% | 1% management fee |
| Agric input loan | 24% | None |
| SME loan | From 26% | 1% management fee |
| Credit card | 3% a month on balances after 45 days | ₦1,000 a month |
03 / Everyday
Everyday charges
| Item | Charge |
|---|---|
| Everyday monthly fee | ₦0 |
| Transfers, first 20 a month | ₦0 |
| Transfers after 20 | ₦10 |
| Card replacement | ₦1,500 |
| SMS alerts | ₦0 |
| Statement for visas, stamped | ₦1,000 |
| Business account monthly fee | ₦1,000 |
04 / Notes
How we set rates
Notice before changes
We tell you 30 days before any rate or charge changes, by SMS and in the app.
Withholding tax
Interest on savings and deposits is paid after 10 percent withholding tax.
No hidden charges
If a charge is not on this page, we do not take it.
Next
Questions about a charge?
Talk to us and we will explain it line by line.