Access Bank High Interest Deposit Account

Access Bank's High Interest Deposit Account (HIDA) is a savings product with interest rates tiered by balance. The bank's published table lists annual rates from 6.90% for balances below ₦100,000 to 11% for balances of ₦250 million or more, with intermediate tiers of 7.35%, 8%, 8.50% and 10%. Interest accrues daily and is payable monthly. The account accepts cash, other banks' cheques and dividend warrants at branches and supports transfers between a customer's Access Bank accounts. The product page lists four withdrawals without forfeiting interest payment.

The account has no debit card. Its terms list a ₦300 monthly penalty charge, waived when a balance of ₦5,000 is maintained. Opening documentation includes a passport photograph, valid identification, a tax identification number and proof of address.