SAVINGS ACCOUNTS
Individual Savings Account
This is an account for Individuals with a regular income and would like to grow their savings.
Features
- Interest bearing account
- Opening balance ₦1,000
- No maintenance charge
- Unlimited withdrawals
- Minimum operating balance ₦500
- Access to loans on application
Minimum Requirements
- Valid ID Card (Drivers License, Voters Card, National ID Card or International Passport)
- Utility Bill
- Two Passport sized photographs
- Account Opening Deposit
Group Savings Account
This account is designed for groups of self selected micro-enterprenuers with similar financial interests to provide members a secure place to save, the opportunity to borrow in small amounts and on flexible terms, and affordable basic insurance services.
Features
- Interest bearing account
- Minimum of 5 members
- Members must be above 18 years of age
- Opening balance ₦1,000
- No maintenance charge
- Unlimited withdrawals
- Minimum operating balance ₦500
- Access to loans on application
Minimum Requirements
- Valid ID Card (Drivers License, Voters Card, National ID Card or International Passport)
- Utility Bill
- Two Passport sized photographs
- Account Opening Deposit
Target Savings Account
A build up saving account for a particular course e.g. Holiday, Wedding, School fees, and Development projects. This is a contractual account that allows customers save little by little for a particular course e.g. Save for 8 months to buy a car. The money will be availed to you after the expiry of the stated term with accrued interest.
Features:
- No maintenance charges
- Attractive interest paid annually
- No restrictions on deposits into the account
- A build up savings account
- Minimum balance ₦500
- One withdrawal per quarter
- Interest payment on balance above ₦5,000
Minimum Requirements
- Valid ID Card (Drivers License, Voters Card, National ID Card or International Passport)
- Utility Bill
- Two Passport sized photographs
- Account Opening Deposit (₦1,000)
Save & Grow Account
This account is specially designed for kids from 0 to 17 years of age. It gives parents the opportunity to save for their children's future.
Features
- Account to be operated by parents until kids are 18years and above
- Competitive interest rates
- A great way to save for your childs future
- Minimum opening amount ₦1,000
Daily Contribution
This account is specially designed to enable customers save from the comfort of their shops and business locations. It helps customers form a good savings culture through daily savings.
Features
- Collection of cash by banks staff at customers shop or business location
- Incremental growth of customers savings
- Save as little as ₦200 daily
- Minimum opening amount ₦1,000
- Easy to operate
Classic Savings
This is an account for Individuals with a regular income and would like to grow their savings with high interest rate.
Features
- Minimum account operating balance of N10,000 must be in the account at all times
- It attracts 5% interest rate per annum if the minimum balance of N10,000 is maintained monthly
- Customers can have incremental balance above the minimum and can withdraw not more than three times a month
- Withdrawal below the minimum operating balance leads to forfeiture of the 5% interest rate
Benefits
- Access to financial and business advisory services
- Safety of customers’deposit
- Zero COT
- Dedicated account officer
- Attractive interest rate
- ATM card usage and SMS alert services.
- Cash collection services