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Savings Product

Unique Savings Product

This is a unique savings product designed for customers who engage in daily income generating activities. It is a way of making their daily work count as they don’t live out of their pockets.

Features:

  • Opening balance of N500
  • Minimum daily contribution is N500
  • No ATM cards
  • Easy accessibility after 30 days
  • Account maintenance charge of one day contribution
  • No interest accrued

Benefits:

  • It helps to cultivate the habit of savings
  • Safe and secured savings
  • It serves as a fallback during emergencies
  • Consistent savings for 90 days without withdrawal allows customer to access micro loan

Requirements

  • KYC form duly completed
  • Duly completed account opening form
  • 2 recent passport photographs
  • A copy of valid means of identification
  • Utility bill or receipt or evidence showing rental or residence of the customer