Ecobank SuperSavers interest rate: new rates by deposit tier
The cut applies to all four deposit tiers. Additionally, the Ecobank SuperSavers interest rate falls by 1.18 to 3.18 percentage points per year, depending on savings.
| Deposit tier | Current rate (p.a.) | Revised rate (p.a.) | Cut |
|---|---|---|---|
| N1 million – N19.99 million | 10.18% | 8.00% | 2.18 points |
| N20 million – N99.99 million | 11.00% | 9.00% | 2.00 points |
| N100 million – N199.99 million | 13.18% | 10.00% | 3.18 points |
| N200 million and above | 13.18% | 12.00% | 1.18 points |
The biggest cut hits the N100 million to N199.99 million tier, where the rate drops from 13.18% to 10.00%. Savers with N200 million and above see the smallest cut, to 12.00%.
Why Ecobank is cutting savings rates
Additionally, the Ecobank SuperSavers interest rate aligns with the MPR benchmark. It influences what banks pay on deposits and charge on loans across Nigeria. When the CBN changes the policy rate, commercial banks may review their own rates.
However, Ecobank’s revision means Ecobank SuperSavers interest rate will reduce the yearly interest from October 16 compared with current rates.
What Ecobank customers should do
- Check which deposit tier your balance falls into and compare the old and new rates in the table above.
- Call the bank’s 24-hour contact centre or visit your nearest branch if you need clarification on how the new rates apply to your account.
In its notice, Ecobank said it values customers’ continued trust and remains committed to competitive savings products and quality banking services.
FAQ
When do the new Ecobank SuperSavers rates start?
October 16, 2026. Additionally, Ecobank SuperSavers interest rate.
Which Ecobank customers are affected?
Additionally, Ecobank SuperSavers interest rate applies to customers in all four deposit tiers, from N1 million to N200 million and above.
How much have the rates dropped?
By between 1.18 and 3.18 percentage points, depending on the tier.
Why did Ecobank reduce its rates?
The bank linked the change to the CBN’s recent review of the Monetary Policy Rate.
Sources: Ecobank Nigeria customer notice; CBN monetary policy decisions; Legit.ng.
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