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Fixed Savings

The highest rate we pay, for money you will not touch.

Lock an amount for 90, 180 or 365 days and earn up to 22% a year.

Open a fixed depositSee all rates

Up to 22%a year, on a 365-day term

22%
a year at 365 days
₦50,000
to start
3
terms to choose from
Fixed
rate, agreed on day one

Work it out

See exactly what you will get back

After tax, not before it. Change the amount or the term and the figure moves with you.

Hundred thousands

Five hundred thousand naira

For how long?

What you get back

₦599,000

after 365 days, at 22% a year

Amount you save
₦500,000
Interest earned
₦110,000
Withholding tax at 10%
-₦11,000

Simple interest at the rate for your term, held to maturity, less the 10% withholding tax the law requires us to deduct on interest.

Start this plan

Saving ₦500,000 in Fixed Savings for 365 days earns ₦99,000 after tax, giving ₦599,000 back.

How it works

How Fixed Savings works

Four steps at the most, and none of them involves a branch.

  1. 1

    Choose your term

    90 days at 18%, 180 days at 20%, or 365 days at 22%. The longer you leave it, the more it earns.

  2. 2

    The rate is locked on the day you open it

    If we cut our rates next month, yours does not move. What you were quoted is what you are paid.

  3. 3

    It pays out on the maturity date

    Capital and interest together, into your Flex Savings, on the morning the term ends.

  4. 4

    Need it early? Borrow against it instead

    You can take up to 70% as a loan and leave the deposit running at its full rate — usually cheaper than breaking it.

In the app

This is Fixed Savings, as you will actually see it

Not a screenshot. Everything in this phone is the same code the app is built from, drawn live in your browser.

Get the appOpen a fixed deposit

Fixed Savings

Locked₦5,000,000365 days at 22%
Matures14 November 2026
Interest at maturity₦990,000
Withholding tax−₦99,000
You receive₦5,891,000
Deposit certificateF D 8 8 4 1 2 2 9 0

What you need

  • Your BVN.
  • A photo of a valid ID — NIN slip, driver’s licence, voter’s card or passport.
  • A phone number registered in your name.
  • A selfie, taken in the app.

Every deposit with us is insured by the NDIC. You do not apply for that cover and you are not charged for it.

Open a fixed deposit

Rates and limits

90-day term
18% p.a.
180-day term
20% p.a.
365-day term
22% p.a.
Minimum deposit
₦50,000
Withholding tax on interest
Statutory. Deducted before payment
10%

What it costs

Opening and running the deposit
Free
Payout at maturity
Free
Breaking before maturity
Your capital is never touched. Only the interest rate changes
Interest drops to 5% p.a.

Questions

The things people ask before they start

If yours is not here, call us on the number at the bottom of this page and a person will answer.

It is insured. CitadeleCapitals is licensed by the Central Bank of Nigeria and every deposit is covered by the Nigeria Deposit Insurance Corporation, up to the NDIC limit for microfinance banks. The cover is automatic — you do not apply for it and you are not charged for it.

You can break it and get your capital the same day, but the interest is recalculated at 5% a year for the days it ran. Before you do that, look at a Savings-Backed Loan: you borrow up to 70% at 3.5% a month and the deposit keeps earning its full rate, which usually costs less than losing the interest.

The capital and the interest land in your Flex Savings that morning. If you would rather it rolled into a new term at the rate on offer that day, switch roll-over on in the app — and you can switch it off again any time before maturity.

Yes, as many as you like, each with its own amount, term and maturity date. Traders commonly ladder three or four so something matures every few months.

People also look at

Flex Savings

Save today, withdraw tomorrow. No notice, no penalty.

12%a year, and you can still reach it

Learn more about Flex Savings

Fixed Income Note

Put money behind vetted Nigerian businesses for a fixed return.

Up to 26%a year, with capital at risk

Learn more about Fixed Income Note

Savings-Backed Loan

Borrow against what you have saved without breaking it.

3.5%a month, and your savings keep earning

Learn more about Savings-Backed Loan

Licensed by the CBN · Deposits insured by NDIC

Open Fixed Savings in five minutes, on your phone.

Your BVN, a photo of your ID and a selfie. No branch, no forms, no minimum deposit.

Open a fixed depositTalk to someone first