Sterling Bank
Classic Savings
- Minimum opening balance of N2,000.00
- Daily minimum balance of N1,000
Interest Rate: |
7.95% |
Min. Opening Deposit: |
₦2,000.00 |
Min. Operating Balance: |
₦1,000.00 |
Last Updated: |
May 28, 2026 |
Product Review
Expert Take
Sterling Bank Classic Savings scores 4.0 out of 5, led by strong withdrawal limits per month. The main tradeoff is cheque lodgement.
| Rating Criteria | Product Value | Score |
|---|---|---|
| Interest rate/APY | 7.950% | 2.8/5 |
| Minimum opening deposit | NGN 2,000.00 | 4.9/5 |
| Withdrawal limits per month | No limit | 5.0/5 |
| Cheque lodgement | Not allowed | 2.0/5 |
| Fees | NGN 0.00 | 5.0/5 |
Review Summary
This Classic Savings from Sterling Bank has received a rating of 4.0 out of 5 stars. Key advantages include 3 notable benefits. However, there is 1 consideration to be aware of.
Pros
- minimum opening deposit
- withdrawal limits per month
- fees
Cons
- cheque lodgement
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