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Savings and Currents

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Savings and Currents Account

This product encourages savers to save for the purpose of meting specific targets like Christmas, purchase of land, pilgrimages expenses, School fees, wedding etc. It has a required initial opening balance of N500 only. This product attracts an additional 6% above the normal savings rate if the customer keeps to the terms of the agreement.

Features and benefits

  • Account opening Balance - N 1000
  • Savings for the future events or ceremonies
  • Attracts interest of 6%
  • May be accepted as collateral

The requirement to Opening a SAVING Account.

1. Two (2) Passports Photograph
2. Utility Bill (PHCN Bill,Lawma or Water corporation Bill)
3. Means of Identification.
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