HYCA is an account that gives you the benefits of a current and savings account all in one and also provides you with a high yield on your savings. It allows you to save and transact at the same time and It’s the account for you if you need to reduce your banking service fees.
Key features
- Minimum operating daily balance of N100,000.
- No maximum balance.
- Interest credit is adopted as long as the daily minimum balance of N100,000 is maintained.
- Interest is forfeited and Commission On Turnover (COT) is charged on an account that drops below the N100,000 daily minimum daily balance.
Key benefits
- Zero Commission on Turnover (COT) as long as the daily balance exceeds the daily minimum account balance requirements.
- Free access to telephone and Internet banking services.
- No commission charged on the purchase of personal and business travelling allowance.
- Standing orders to and from other IBTC Chartered Bank accounts.
- SMS alert when a deposit or withdrawal is made.
Tiering structure
N100,000 - N249,999 1%
N250,000 - N499,999 3%
N500,000 5% |
