FSDH Merchant Bank Current account

Monthly fee: Up to ₦1 per ₦1,000 paid out
Who can open it: Not confirmed
Opens online: Not confirmed
Rate: 0.5% a year
Fees: Account maintenance: the bank may charge up to ₦1 for every ₦1,000 you transfer or pay out to someone else. That is the Central Bank of Nigeria's limit (Guide to Charges by Banks, in force from 1 January 2020: https://www.cbn.gov.ng/Out/2022/CCD/Guide%20to%20Charges%20by%20Banks%20Other%20Financial%20and%20Non-Financial%20Institutions%20eff%20Jan%201%202020.pdf). Your bank may charge less.
Minimum: Not confirmed
Opens online: Not confirmed
Who can apply: Not confirmed
Currency: NGN

Cons

The interest shown is what the bank pays on current accounts on average, as it reported to the Central Bank of Nigeria. One account may pay more, less or nothing.

Central Bank of Nigeria weekly rates, 18 Sept 2026 · source

Not financial advice. We compare. You decide.