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Deposit interest rates at NCB counters in February 2024
According to the latest survey, the deposit interest rates offered by National Citizen Bank (NCB) for individual customers vary from 0.5 – 5.6%/year for end-of-term interest payment.
Specifically, the interest rates for short terms of 1 week and 2 weeks are 0.5%/year; the interest rate for a 1-month term is 3.4%/year; the interest rate for a 2-month term is 3.5%/year;
Deposits with terms of 3 – 5 months have a common interest rate of 3.6%/year; terms of 6 – 8 months have an interest rate of 4.55%/year, terms of 9 – 11 months have an interest rate of 4.65%/year;
Customers who deposit money for a term of 12 months will receive an interest rate of 5%/year; a term of 13 months is 5.2%/year; 15 months is 5.3%/year;
Long terms from 18 – 60 months have an interest rate of 5.6%/year. Currently, this is the highest interest rate for individual customers depositing money at NCB counters.
In addition to the end-of-term interest payment, NCB also offers an early interest payment option with deposit interest rates ranging from 3.39 – 5.16%/year.
NCB also offers a variety of other savings packages such as: An Phat Savings (interest rate range of 4.65 – 5.1%/year); Installment Savings (interest rate range of 3.6 – 5.6%/year); Flexible Principal Withdrawal Savings (interest rate range of 3.4 – 5.4%/year).
Source: NCB
Online deposit interest rates at NCB in February 2024
In addition to direct deposits at counters, National Citizen Bank (NCB) also attracts deposits via Mobile Banking/Internet Banking with interest rates ranging from 3.6- 5.7%/year for end-of-term interest payment.
Specifically, the interest rate for a 1-month term is 3.6%/year; 2 months is 3.7%/year; the interest rate for 3 – 5 months has a common rate of 3.8%/year; 6 – 8 months is 4.65%/year; terms of 9 – 11 months have the same interest rate of 4.75%/year; 12 months is 5.2%/year; 13 months is 5.3%/year; 15 months is 5.5%/year.
The highest interest rate currently applied by NCB is 5.7%/year for online deposits with terms from 18 – 60 months.
Source: NCB
