FGN Savings Bond August 2026: How to invest from ₦5,000 and earn up to 14.96% interest

• The Federal Government has opened subscriptions for the August 2026 FGN Savings Bond with an annual interest rate of up to 14.96% for Nigerians seeking a low-risk investment.

• Investors can start with as little as ₦5,000 and earn fixed quarterly interest, with options for two-year or three-year bond tenors.

• Learn how the FGN Savings Bond works, who is eligible, how to subscribe, the expected returns, and whether it's the right investment for your financial goals.

If you've been wondering where to keep money you won't need immediately, the Federal Government has opened subscriptions for the August 2026 FGN Savings Bond. 

This offers Nigerians the opportunity to earn up to 14.963% per annum with zero tax deductions through one of the country's safest investment options.

With a minimum investment of just ₦5,000, it is one of the few investments in Nigeria that allows ordinary people to earn fixed returns while enjoying the security of a government-backed scheme. 

However, this investment opportunity won't be available indefinitely.

Subscriptions opened on August 3 and will close on August 7, 2026, at 3:00 p.m., according to the Debt Management Office (DMO). Successful subscriptions will be settled on August 12, 2026.

Here's everything you need to know before investing, including the latest interest rates, expected returns, eligibility, payment schedule, tax benefits and how to subscribe.

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The FGN Savings Bond is a retail investment programme issued by the Federal Government through the Debt Management Office (DMO).

Instead of borrowing only from banks and institutional investors, the government also allows individuals to lend money directly by purchasing savings bonds.

In return, investors receive fixed interest payments every three months, while their original investment is returned when the bond matures.

Because the bond is backed by the Federal Government, it is generally regarded as one of Nigeria's lowest-risk investment options.

To participate in the August 2026 FGN Savings Bond offer, you must complete your application and payment before 3:00 p.m. on Friday, August 7, 2026. 

You can subscribe through any of three primary channels:

• Directly via the DMO subscription portal: Register an account on subscribedmo.dmo.gov.ng, select the active August 2026 offer (2-year or 3-year), fill out your details, and fund your subscription directly.

• Through authorised stockbrokers & primary dealers: Apply via DMO-licensed distribution agents such as Stanbic IBTC Stockbrokers, ARM Securities, CardinalStone, Meristem, Afrinvest, CSL, or FBNQuest by completing their FGN Savings Bond subscription form and transferring funds to their designated offer account.

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1. Gather required documents: Prepare your Bank Verification Number (BVN), bank account details for quarterly coupon payouts, and your CSCS Account Number / Clearing House Number (CHN).

(Note: If you do not have an existing CSCS account, leave the field blank or enter "null"—a CSCS number will automatically be generated for you upon allotment).

2. Verify account details: Ensure your BVN name, bank account name, and CSCS profile match exactly to prevent delays in receiving your quarterly interest payouts.

3. Select tenor & investment sum: Pick either the 2-Year (13.963% p.a.) or 3-Year (14.963% p.a.) tenor. Enter any amount starting from ₦5,000 (and in multiples of ₦1,000 thereafter).

4. Complete funding before cutoff: Transfer the exact investment amount and upload your payment proof (if using a broker form) before 3:00 p.m. on Friday, August 7, 2026.

Successful applications will settle on August 12, 2026, with your bond units credited directly to your CSCS account and your first quarterly interest payment arriving on November 12, 2026.

The FGN Savings Bond is designed for retail investors and is open to virtually every Nigerian.

It may be suitable for:

• Salary earners looking for a stable investment

• First-time investors

• Freelancers and self-employed professionals

• Parents saving for future expenses

• Retirees seeking regular income

• Small business owners with surplus cash

With a minimum investment of just ₦5,000, it remains one of the most accessible government-backed investments in Nigeria.

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The investment requirements are straightforward:

• Minimum investment: ₦5,000

• Additional investments: Multiples of ₦1,000

• Maximum investment: ₦50 million

This allows investors to start small and increase their holdings during future bond offers if they wish.

These figures are estimates based on the published annual coupon rate. Actual coupon payments may vary slightly because of rounding conventions.

At maturity, investors also receive the full amount they originally invested.

Using the 14.963% annual interest rate for illustration:

The bond is backed by the full faith and credit of the Federal Government of Nigeria, making it one of the country's lowest-risk investment products.

However, investors should still consider inflation. If inflation rises faster than the bond's interest rate, the purchasing power of your returns could decline over time.

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Unlike corporate bonds, commercial papers, or standard bank fixed deposits, income earned from FGN Savings Bonds is completely tax-exempt. 

Under the Personal Income Tax Act (PITA) and Companies Income Tax Act (CITA), coupon payments attract zero Withholding Tax (WHT). You retain 100% of your listed yields.

Yes. Bonds are listed on the Nigerian Exchange (NGX) and can be traded on the secondary market if liquidity is required before maturity.

Yes. Sovereign bonds carry zero default risk, as repayment is backed by the revenues of the Federal Republic of Nigeria.

For this August issue, the first quarterly coupon payment will be deposited into your account on November 12, 2026.