Diamond bank High Interest Yielding Account

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Posted by Felix Okoli on Friday August 2, 2013 at 9:39:31:

Do you have a bank account where you save a whole lot of money but still get little or no interest paid on it? Does your bank really appreciate you for saving money with them? If you are looking for a bank account in Nigeria that would offer you a higher than average interest on your money while at the same time being able to have access to your funds any time you want, then it's probably time you move your funds to Diamond bank.

Yes, we may have up to 20 banks in Nigeria but not every bank offers the same level of interest rates of the same peculiar types of account and if you are a person looking for a savings account that pays you much more than the usual little per cent for savings, Diamond banks High Interest Yielding Account(HIDA) can do just that.

Diamond bank's HIDA just as the name implies is a savings account that pays you higher interest on your savings and it increases just as the amount of money you save increases.

Before we go any further, you should know that this type of account is not for people who just want to save little money, say less than N10,000 but it is targeted at high network individuals who can save between N100,000 to N1m or more. So if you've been saving some money in your savings and have exceeded at least N100,000 but your bank is still paying you a little interest, you should move it over to Diamond bank's HIDA.

For those who already know how Nigerian banks operate in relation to interest rate on savings, even the best banks pay around 3.6% while some even pay less than 1% per annum. So, why save money in a bank account when it loses value much more than if you invested in in real business?

So one cool way to allow your money to earn some value for you while you save it is by taking advantage of Diamond's HIDA.

It works like this, the more money you save above N100,000, the higher the interest you'll earn on it.

As at the time of writing this, here is their offer:

- Less than N100,000 - 3.6% p.a
- N100,000 >N499,999 - 4.0% p.a
- N500,000 >N999,999 - 5.0% p.a
- N1 million and above - 6.0% p.a

So with N500,000, you'll get to earn an interest of 5% on it and for N1m, you'll earn at least 6%. p.a.

If you are looking for a savings account that pays a higher interest on your savings, this is one account you should consider.

Comments:

Comments:
Re: Diamond bank High Interest Yielding Account Posted by chineme on Tuesday July 14, 2015 at 10:53:47:

So if you have 300,000 thousand naira in your HIDA acc you will be making 12,000 naira in a whole year?seriousley?

Re: Diamond bank High Interest Yielding Account Posted by Felix Okoli on Tuesday July 14, 2015 at 10:53:47:

I guess so.