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Banks begin reduction of interest rate on savings account

By
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On 7th September 2020
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At 6:06 am
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In News
143 Views

Tribune Online
Banks begin reduction of interest rate on savings account

banks, impact of Covid-19, banks, income, Fitch, 11 banks CRR ASSBIFI

IN compliance with the Central Bank of Nigeria’s review of the minimum interest rate on savings deposits to 10 per cent of Monetary Policy Rate (MPR), Deposit Money Banks (DMBs) have started sending out email and text messages to customers informing them of the reduction on savings accounts to 1.25 per cent. The slight reduction […]

Banks begin reduction of interest rate on savings account
Tribune Online

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