SAVINGS ACCOUNTS

Individual Savings
Group Savings
Target Savings
Save & Grow
Daily Contribution
Classic

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