Stanbic IBTC Fixed Deposit Interest Rate (2026)
The average fixed deposit rate Stanbic IBTC reported to the Central Bank of Nigeria, what it means for ₦100,000 to ₦5,000,000 after withholding tax, and how it compares with every other Nigerian bank.
10.20%
Week ended 3 July 2026 · ref. BSD/DIR/GEN/DLR/007/001 · all tenors combined
27 / 32
−3.63 pp vs industry average (13.83%)
2.65%
Fixed deposit pays 7.55 pp more
What ₦1,000,000 earns at Stanbic IBTC's CBN-reported rate
Simple interest at 10.20%, with the 10% withholding tax banks deduct at source. Because the CBN figure is an average across tenors, the same rate is applied to each tenor here; your actual quote will usually rise with tenor and amount.
| Tenor | Gross interest | WHT (10%) | Net interest | You receive at maturity |
|---|---|---|---|---|
| 30 days | ₦8,384 | − ₦838 | ₦7,545 | ₦1,007,545 |
| 90 days | ₦25,151 | − ₦2,515 | ₦22,636 | ₦1,022,636 |
| 180 days | ₦50,301 | − ₦5,030 | ₦45,271 | ₦1,045,271 |
| 1 year | ₦102,000 | − ₦10,200 | ₦91,800 | ₦1,091,800 |
One-year returns by amount
| Principal | Gross interest | Net interest | Net per month | You receive at maturity |
|---|---|---|---|---|
| ₦100,000 | ₦10,200 | ₦9,180 | ₦755 | ₦109,180 |
| ₦500,000 | ₦51,000 | ₦45,900 | ₦3,773 | ₦545,900 |
| ₦1,000,000 | ₦102,000 | ₦91,800 | ₦7,545 | ₦1,091,800 |
| ₦5,000,000 | ₦510,000 | ₦459,000 | ₦37,726 | ₦5,459,000 |
Stanbic IBTC fixed deposit calculator
Stanbic IBTC is not yet in the calculator's bank list, so it opens on the first bank in the table. Pick the bank whose rate is closest to what Stanbic IBTC quotes you, or compare across the banks shown.
Fixed Deposit Calculator
Results
Maturity Value (after tax)
₦1,139,500.00
Net interest: ₦139,500.00
Gross Annual Rate
15.50%
Net Annual Yield (after 10% WHT)
13.95%
Monthly Equivalent (net)
₦11.5K
Tenure
1yr
Bank Selected
GTBank
Simple vs Compound — Interest Earned (before tax)
Maturity Value Across Banks (1yr)
Bank Rate Comparison
Bank | 6-Month Rate | 12-Month Rate | 24-Month Rate |
|---|---|---|---|
Sterling Bank | 14.8%Best | 16.0%Best | 16.5%Best |
GTBank | 14.5% | 15.5% | 16.0% |
Fidelity Bank | 14.2% | 15.2% | 15.8% |
Zenith Bank | 13.5% | 15.0% | 15.5% |
Access Bank | 14.0% | 15.0% | 16.0% |
First Bank | 13.5% | 14.8% | 15.5% |
UBA | 13.0% | 14.5% | 15.5% |
Where these rates come from
Every rate on this page is traceable to a named official or published source. Rates can change between updates — always confirm the binding figure with the issuer or your provider before investing.
Bank fixed deposit rates — CBN-reported weekly averages
- Source organisation
- Central Bank of Nigeria (CBN), Banking Supervision Department
- Source document
- Deposit and Lending Rates in the Banking Industry, week ended 3 Jul 2026 (ref. BSD/DIR/GEN/DLR/007/001)
- Source published
- Week ended 3 Jul 2026
- Last verified
- Manually transcribed 4 Sept 2026
- Update method
- Manually transcribed from the CBN weekly PDF — no machine feed. Figures are each bank’s average across all tenors, not a tenor-specific quote
- Next expected update
- Next CBN weekly table
Calculation Assumptions & Methodology
Exactly how this calculator produces its results — the formulas, where they come from, and what is and is not included.
Formulas used
Principal × (Annual Rate ÷ 100) × (Days ÷ 365)Principal × (1 + Rate ÷ 400) ^ (4 × Years) − Principal10% × Gross InterestPrincipal + Gross Interest − WHTGross Effective Annual Rate × (1 − 10%)- Source of formulas
- Standard simple-interest and quarterly-compound term-deposit arithmetic (actual/365). The compound option assumes quarterly compounding; individual banks may compound at other frequencies.
- Tax assumptions
- 10% withholding tax on interest, deducted at source by the bank; all net figures shown are after WHT.
- Regulatory assumptions
- Bank rates are indicative — actual FD rates are negotiated per customer and tenor; early-liquidation penalties are outside scope; NDIC deposit insurance limits apply per bank, not per deposit.
Methodology v1.0 · Last methodology review: 24 Jul 2026 · Versioning introduced 24 Jul 2026. The version number and review date change whenever a formula or tax treatment above changes.
How Stanbic IBTC compares with all 32 Nigerian banks
CBN-reported average fixed deposit rates, week ended 3 July 2026, highest first. “pp” is percentage points above or below the industry average.
| # | Bank | Avg. fixed deposit | vs. industry avg. | Avg. savings |
|---|---|---|---|---|
| 1 | Ecobank | 22.40% | +8.57 pp | 7.20% |
| 2 | Keystone Bank | 19.08% | +5.25 pp | 7.95% |
| 3 | Alpha Morgan Bank | 18.00% | +4.17 pp | 7.95% |
| 4 | FSDH Merchant BankMerchant | 18.00% | +4.17 pp | — |
| 5 | Greenwich Merchant BankMerchant | 17.50% | +3.67 pp | — |
| 6 | Rand Merchant BankMerchant | 17.27% | +3.44 pp | — |
| 7 | 17.04% | +3.21 pp | 7.95% | |
| 8 | Unity Bank | 16.50% | +2.67 pp | 7.95% |
| 9 | Providus Bank | 16.00% | +2.17 pp | 7.95% |
| 10 | Coronation Merchant BankMerchant | 15.50% | +1.67 pp | — |
| 11 | 15.00% | +1.17 pp | 7.95% | |
| 12 | Premium Trust Bank | 15.00% | +1.17 pp | 7.95% |
| 13 | 14.75% | +0.92 pp | 8.10% | |
| 14 | Tatum Bank | 14.66% | +0.83 pp | 7.95% |
| 15 | Globus Bank | 14.51% | +0.68 pp | 7.95% |
| 16 | SunTrust Bank | 13.90% | +0.07 pp | 8.00% |
| 17 | Nova Bank | 13.77% | −0.06 pp | 8.00% |
| 18 | Standard Chartered | 13.74% | −0.09 pp | 7.95% |
| 19 | 13.00% | −0.83 pp | 4.25% | |
| 20 | Signature Bank | 12.77% | −1.06 pp | 7.95% |
| 21 | Parallex Bank | 12.73% | −1.10 pp | 7.95% |
| 22 | 12.57% | −1.26 pp | 7.95% | |
| 23 | Union Bank | 11.24% | −2.59 pp | 7.95% |
| 24 | 11.05% | −2.78 pp | 8.25% | |
| 25 | Wema Bank | 10.77% | −3.06 pp | 7.95% |
| 26 | Polaris Bank | 10.50% | −3.33 pp | 7.95% |
| 27 | Stanbic IBTCThis page | 10.20% | −3.63 pp | 2.65% |
| 28 | 10.00% | −3.83 pp | 7.95% | |
| 29 | Quest Merchant BankMerchant | 9.92% | −3.91 pp | — |
| 30 | Optimus Bank | 9.04% | −4.79 pp | 7.95% |
| 31 | Citibank | 8.07% | −5.76 pp | 7.95% |
| 32 | 8.00% | −5.83 pp | 7.95% |
Risk profile — Bank Fixed Deposit
An obligation of a commercial bank, not the Federal Government. NDIC deposit insurance covers up to ₦5 million per depositor per bank; balances above that limit are exposed to the individual bank’s solvency. Investors may still face inflation risk, reinvestment risk and liquidity risk, since early termination usually forfeits part of the accrued interest.
| Risk type | Assessment | Why |
|---|---|---|
| Credit / default risk | Low | Bank obligation, NDIC-insured to ₦5m per depositor per bank; the excess carries bank-specific risk. |
| Inflation risk | Present | The rate is locked for the tenor, so rising inflation erodes your real return. |
| Interest-rate / market-price risk | Present | If market rates rise during your tenor, your money stays locked at the older, lower rate. |
| Liquidity risk | Moderate | Breaking a deposit early typically forfeits a substantial share of the accrued interest. |
| Reinvestment risk | Present | On rollover the bank re-prices to prevailing rates, which are negotiable and may be lower. |
These are CheckInvestNg’s own qualitative assessments for retail investors, not credit ratings from a rating agency and not personalised investment advice. Risk levels can change with market conditions.
Fixed deposit rates at other banks
See the full ranking of all 32 banks or compare fixed deposits with treasury bills, money market funds and the tax-free FGN Savings Bond.
Original publication: CBN — Banks' Deposit and Lending Rates, transcribed 4 Sept 2026. CheckInvestNg is not affiliated with Stanbic IBTC or the CBN.
Stanbic IBTC fixed deposit — frequently asked questions
What is Stanbic IBTC's fixed deposit interest rate in 2026?
Stanbic IBTC reported an average time (fixed) deposit rate of 10.20% to the Central Bank of Nigeria for the week ended 3 July 2026 (ref. BSD/DIR/GEN/DLR/007/001). That is the bank's average across every tenor and deposit size it booked that week, so the rate offered on a specific amount and tenor can be higher or lower. It ranks 27 of 32 banks in the CBN table, 3.63 percentage points below the industry average of 13.83%.
How much will ₦1,000,000 earn in a Stanbic IBTC fixed deposit for one year?
At the CBN-reported average of 10.20% with simple interest, ₦1,000,000 placed for 365 days earns ₦102,000 gross. The bank deducts 10% withholding tax (₦10,200) at source, leaving ₦91,800 net interest and a maturity payout of ₦1,091,800. That is roughly ₦7,545 per month net. A negotiated rate for this amount would change the result, so use the calculator above with the figure Stanbic IBTC quotes you.
How much is Stanbic IBTC fixed deposit interest per month?
Nigerian banks usually pay fixed deposit interest at maturity rather than monthly, but the monthly equivalent is easy to work out. On ₦1,000,000 at 10.20%, the net interest after 10% WHT works out to about ₦7,545 a month over a one-year tenor. For a 30-day placement the same rate yields ₦7,545 net for the month. Ask Stanbic IBTC whether a monthly-interest-payment option is available on your tenor.
Why is the rate Stanbic IBTC quoted me different from 10.20%?
Because 10.20% is a weekly average, not a rate card. Fixed deposit rates in Nigeria are negotiated per customer and depend on the amount (larger placements earn more), the tenor, the bank's liquidity needs that week and the CBN Monetary Policy Rate. The CBN figure also shifts week to week as the bank's deposit mix changes. Use it as the benchmark to negotiate from and confirm the binding rate with Stanbic IBTC before placing funds.
Is a Stanbic IBTC fixed deposit safe?
Stanbic IBTC is a CBN-licensed deposit money bank, so deposits are covered by the Nigeria Deposit Insurance Corporation (NDIC) up to ₦5 million per depositor per bank. Fixed deposits are contractually fixed and not traded, so there is no market-price risk, but the return is fixed in naira and can lag inflation. Amounts above the NDIC limit depend on the bank's own financial strength.
How does Stanbic IBTC compare with other Nigerian banks on fixed deposits?
Stanbic IBTC ranks 27 of 32 in the CBN table for the week ended 3 Jul 2026. The highest average was 22.40% at Ecobank, 12.20 percentage points above Stanbic IBTC. The full ranking of all 32 banks is on this page, and the fixed deposit calculator lets you compare maturity values across banks for your own amount and tenor.