Union Bank
UnionSilver
| Deposit Amt | Rate |
| 499,999 and Below | 7.95% |
| 500,000 – 2,499,999 | 8.45% |
| 2,500,000 – 4,999,999 | 8.95% |
| 5m and above | 9.7% |
Interest Rate: |
9.70% |
Min. Opening Deposit: |
₦20,000.00 |
Min. Operating Balance: |
₦20,000.00 |
Last Updated: |
Jun 01, 2026 |
Product Review
Expert Take
Union Bank UnionSilver scores 4.1 out of 5, led by strong withdrawal limits per month. The main tradeoff is cheque lodgement.
| Rating Criteria | Product Value | Score |
|---|---|---|
| Interest rate/APY | 9.700% | 3.4/5 |
| Minimum opening deposit | NGN 20,000.00 | 4.2/5 |
| 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 UnionSilver from Union Bank has received a rating of 4.1 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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Updated 1 day, 10 hours ago