GTBank Fixed Deposit and Interest Rates – Do you care to know about GTBank fixed deposit? Or you might want to know about interest rate for gtb fixed deposit. If yes, this article will give you clear details about the GTBank Fixed Deposit and Interest Rates.Guaranty Trust Bank offers you the opportunity to have a fixed deposit account that will make you earn monthly deposit interest based on the amount you fixed or deposited, term of duration as well as the interest rates.
Most banks use this financial tool to offer customers with higher interest rate that worth more than ordinary saving. You are not required to open a new bank account with GTbank to fix your money since you already have a bank account.
GTBank Fixed Deposit and Interest Rates :: All You Need To Know
According to source form one of the GTBank customer care representative, he outlined the details concerning the interest rates.
According to the information he gave to us, he made it clear that you can make lots of money monthly, only if you fix a reasonable amount of money, like NGN100,000 and above in GTBank fixed deposit.
For instance, If you fix from NGN100,000 to NGN1Million, below are the interest rate:
- 7 days – 0.5%
- 30 days – 6.75%
- 60 days – 6.75%
- 180 Days – 6.75%
This simply means that if you fix NGN500,000 (Five Hundred Thousand Naira) for 30 days, the interest rate will be 6.75% of NGN500,000, which is NGN38,750 (Thirty Eight Thousand Seven Hundred and Fifty Naira).
Check this out when you fix one million naira, the interest rate for 30 days is 7.75%. See how it works
- 7 days – 0.5%
- 30 days – 7.75%
- 60 days – 7.75%
- 180 days – 7.75%
When you fix NGN1,000,000 for 30 days, certainly, you will must get NGN77,500 (Seventy Seven Thousand Five Hundred Naira).
Kindly check out those figures above properly about the interest rates, you will see that surely you it’s a cool and nice business.
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