Ecobank Lowers SuperSavers Interest Rates Effective October 2026
Ecobank has announced a reduction in the interest rates for its SuperSavers savings product, effective from October 16, 2026. This decision is linked to a recent review of the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN).
The new rates will affect customers across four deposit tiers. For deposits between N1 million and N19.99 million, the annual interest rate will decrease from 10.18% to 8.00%.
Customers with deposits ranging from N20 million to N99.99 million will see their rates drop from 11.00% to 9.00% per annum. For those saving between N100 million and N199.99 million, the rate will fall from 13.18% to 10.00%.
Lastly, deposits of N200 million and above will experience a reduction from 13.18% to 12.00% per annum. In its communication to customers, Ecobank expressed its understanding of the significance of interest rate changes and reaffirmed its commitment to providing competitive savings products and quality banking services.
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