Top 10 Best Banks For Savings Account In Nigeria. Get Informed On The Best Banks To Bank With In Nigeria. Learn More Here!
Do you wish to open a savings account? Are you confused on the best banks to open a savings account with? Not to worry as have put together an article that will be very helpful if you are confused on getting the best banks to bank with.
Table Of Contents
- 1 What is a savings account?
- 2 What are the best banks one can create a savings account with?
- 3 Top 10 Best Banks For Savings Account In Nigeria
What is a savings account?
Savings accounts are a sheltered spot to store money in a bank and can acquire near 2% premium. They can likewise assist you with putting something aside for longer-term needs.
What are the best banks one can create a savings account with?
Here is a list of the Top 10 best banks that one would want to create a saving account with:
- Guaranty trust bank (GTB)
- Zenith bank Nigeria
- First bank of Nigeria
- Eco bank Nigeria
- Keystone bank
- United bank of Africa (UBA)
- Access bank Nigeria plc.
- Union bank of Nigeria
- Polaris bank
- Fidelity bank
Top 10 Best Banks For Savings Account In Nigeria
1. GUARANTY TRUST BANK (GTB)
Overtime, guaranty trust bank (GTB) has proven to be the best in Nigeria when it comes to customer service as well as banking services. Guaranty trust bank has a lot of customers due to its reputation. Studies have also shown that almost all Nigerians patronizes guaranty trust bank (GTB).
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2. ZENITH BANK OF NIGERIA
Zenith bank of Nigeria is another top notch bank that is very good to open a saving account with. They are one of the richest banks we have in Nigeria today with an estimate of $15.7 billion asset. It was also listed by the Nigerian stock exchange as one of the biggest banks in shares.
3. FIRST BANK OF NIGERIA
As the name proposes, First Bank of Nigeria was built up in the early piece of the twentieth century, along these lines making it the most established money related foundation in the nation. It had around 790 branches in 2012, serving nations, for example, Ghana, Nigeria, Sierra Leone, South Africa, and the UK. First Bank is likewise the second-greatest bank in Nigeria as far as resources with absolute resources of N7.02 trillion. It is quick turning into a global save money with a nearness in South Africa, the United Kingdom, France, and China. They as of late procured a main bank in the Democratic Republic of Congo: Banque International de Credit (BIC). The bank has more than 17 million clients and is said to have more than 7800 individuals on its finance.
4. ECO BANK NIGERIA
Following its procurement of Oceanic bank in 2011, the message was clear – Eco bank Nigeria is a significant power in the Nigerian financial framework and wouldn’t miss any opportunity to increment. That being stated, Eco bank Nigeria is an auxiliary of Eco bank – Pan African bank that is available in 32 nations and headquartered in Lome. The budgetary foundation gives discount, retail, corporate, speculation, and exchange banking administrations and has an expected complete resource of 2.1 trillion in March 2020. It has more than 600 branches in Nigeria and is frequently observed intently by the CBN.
5. KEYSTONE BANK
Another very good banks in Nigeria to bank with is Keystone bank. It is considered as a new generation bank which was formerly bank PHB whose license was revoked.
6. UNITED BANK OF AFRICA (UBA)
UBA is a bank whose notoriety isn’t restricted to the shores of Nigeria alone. It is the solitary sub-Saharan manage an account with a store taking permit in the USA. The bank gives banking administrations to more than 18 million clients. It likewise has more than 1000 business workplaces in Africa, including United Kingdom, United States, and France. The current UBA shaped because of a merger between the old UBA and Standard Trust Bank. Starting at 2020, the organization has an advantage worth N6.4 trillion.
7. ACCESS BANK NIGERIA PLC
Access bank Nigeria began working in 1989 when they got a permit from the Central Bank of Nigeria, and in 1998, they were recorded on the Nigerian Stock Exchange. Its huge size can be credited to its arrangement of securing, which has seen it obtain battling banks throughout the years, as Intercontinental bank (January 2012) and most as of late, Diamond Bank (December 2018). Because of those urgent administrative choices, the bank has risen as the greatest bank in Nigeria today and the main bank in Africa with a client base of 36 million. The bank has more than 600 branches, traversing 3 mainlands and 12 nations and roughly 28000 representatives supervising its smooth tasks in each area. The bank’s absolute resource is worth N7.28 trillion (over $18 billion) in 2020.
8. UNION BANK OF NIGERIA
Union Bank of Nigeria is perhaps the most established bank in the nation. Its history can be followed to the cutting edge history of Nigeria. It recently passed by the name of Barclays Bank of Nigeria and was fused in 1968. Its name was, be that as it may, changed to Union Bank of Nigeria Plc. in 1979 when the 40% offers claimed by Barclays were offered to the Nigerian people under the new law of venture.
Today, Union Bank is one of the pioneers in the Nigerian financial industry, and it gloats of a tremendous client base, who does business with them due to their notoriety and noteworthy client care. Its infrastructural capacities permit it to serenely oversee medium and huge organizations. With satellite workplaces in Johannesburg, London, Benin Republic, and some different nations in Africa, it can flaunt a benefit base of N2 trillion (2020), making it probably the greatest bank in Nigeria.
9. POLARIS BANK
Polaris bank is one of the top ten banks that one should open to bank with in Nigeria. It was formerly Skye bank and was established in 2018. It is also present in other african countries like Angola, Liberia etc.
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10. FIDELITY BANK
Fidelity has made some amazing progress from when it was the previous Fidelity Union Limited. What was first settled to fill in as a dealer bank in 1988 has transformed into an undeniable business bank at present recorded as one of the most grounded and most dependable banks in the nation. Be that as it may, its ascent to unmistakable quality didn’t occur without any forethought, however because of key administrative choices executed at different stages, for example, its transformation to a business bank in 1999, and an all inclusive bank in 2001. Its masterstroke was its merger with the then-FSB International Bank Plc and Manny Bank PLC in 2005.
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