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The short answer
Every Box rate is shown in the Pryme app before you commit, on the screen where you set up or add to the Box. Rates change because the market changes: the CBN policy rate, inflation, the bank's funding needs and, for the Investment Box, how the lending it funds performs. We do not publish rate figures, because they move.
Where to find the rate
The rate for each Box type is shown in the app. You see it at the point of decision:
- Flexible Box: the current rate is shown on the Box. It can change over time while your money is in it.
- Fixed Box: the rate is shown when you choose the amount and end date, before you lock. Read what the screen says about the rate for the term before you confirm.
- Investment Box: the terms and how the return works are shown before you commit. The return depends on lending performance.
- Interest-free Box: no rate. It earns nothing by design.
We keep rate figures out of articles on purpose. A number printed in a guide is out of date the day the market moves, and a saver who relies on it can make the wrong choice. The app is the single place where the current figure lives.
Why savings rates change
1. The CBN policy rate
The Monetary Policy Rate is the benchmark the Central Bank of Nigeria sets at its Monetary Policy Committee meetings. As at October 2026 it stands at 23%, after the committee reset it at its 21–22 September 2026 meeting from 26.5%, the level held at the May and July meetings. When the benchmark falls, what banks pay on deposits and charge on loans tends to fall over time, and the reverse when it rises.
2. Inflation
Headline inflation was 14.63% in September 2026, down from 15.39% in August, according to NBS figures reported by Voice of Nigeria. Inflation shapes policy decisions and what savers expect to earn. Falling inflation often comes before lower rates.
3. The wider lending market
The CBN publishes monthly money market indicators, including average prime and maximum lending rates. Its August 2026 figures showed an average prime lending rate of 17.86% and an average maximum lending rate of 29.20%. What banks can earn by lending affects what they can pay to savers.
4. The bank's own funding needs
A bank that needs more deposits for its lending may pay more for them, especially for money locked for a set term, which it can rely on. When it needs less, rates may ease.
5. For the Investment Box: lending performance
Investment Box money funds Solid Allianze MFB's lending, including Loans on Spaces. Its return depends on how that lending performs, so it can move for reasons beyond the market rate, such as how well borrowers repay.
What a rate change means for you
| Box | If market rates change |
|---|---|
| Flexible | The rate shown on the Box can change while your money is in it |
| Fixed | Check the terms shown when you locked; new Fixed Boxes show the rate at the time you set them up |
| Investment | Return depends on the lending, so it can vary |
| Interest-free | No change; it earns nothing |
Reading a rate properly
When you compare any savings rate, here or elsewhere, check three things:
- Whether it is a yearly figure, and how often interest is added.
- Whether it applies for the whole term or can change.
- How it compares with inflation. A rate below inflation means your money buys less at the end. Our guide to real returns shows how to compare them.
A worked example of the arithmetic
This example uses an illustrative rate, not a Pryme rate. ₦1,000,000 saved for one year at an example yearly rate of 12%, with interest paid at the end, earns ₦120,000 (₦1,000,000 × 0.12). If prices rose 14.63% over the same year, the basket that cost ₦1,000,000 now costs ₦1,146,300, so the saver is ₦26,300 short of where they started in buying power (₦1,146,300 − ₦1,120,000). The same sums apply to whatever rate the app shows you.
To choose between Boxes once you have seen the rates, read which Box for which goal, how a Fixed Box locks and the Flexible Box, or go to the Boxes page.
How to keep track without chasing rates
Rate changes matter most at decision points: when you open a Box, when a Fixed Box ends and you choose what to do next, and when you review your savings once or twice a year. Between those points, frequent switching rarely pays, and moving money out of a locked Box early is not something to plan on.
- Note the rate shown when you open or lock each Box, with the date.
- When a Fixed Box ends, look at the current rate before you lock again, rather than assuming it is the same.
- Watch the CBN Monetary Policy Committee decisions; a change in the benchmark is an early sign that savings rates may move.
- If you have a Personal Assistant, ask it to remind you before each Fixed Box ends.
Questions people ask
Where can I see the Pryme Box interest rates?
In the Pryme app. Each Box shows its rate, or for the Investment Box its terms, before you commit. We do not publish figures because they change.
Why did my savings interest rate change?
Savings rates move with the CBN policy rate, inflation, the wider lending market and the bank's funding needs. The CBN reset its policy rate to 23% in September 2026.
Does the Fixed Box rate change after I lock?
Check the terms shown on screen when you locked. New Fixed Boxes show the rate at the time you set them up.
What is the current MPR in Nigeria?
As at October 2026, 23%, set at the CBN Monetary Policy Committee meeting of 21–22 September 2026. Check the CBN Monetary Policy Decisions page for the latest.
Sources
- CBN: Monetary Policy Decisions (307th MPC, 21-22 Sep 2026) · accessed Oct 2026
- CBN: Money Market Indicators (monthly, to Aug 2026) · accessed Oct 2026
- Voice of Nigeria: Nigeria's headline inflation drops to 14.63 per cent (16 Oct 2026, NBS CPI for Sep 2026) · accessed Oct 2026
This article is general information, not financial, legal or tax advice. Products described are provided under the terms on this site and are subject to regulation and eligibility.