A personal savings account will help you to accumulate your extra income and build up your cash reserves. Interest earned on a personal savings account is higher than a regular current account, which means your money grows faster, helping you to reach your financial goals more quickly.
Key features:
- Minimum account opening balance of N2,000 (Two Thousand Naira only)
- Minimum daily credit balance of N500 required on account (Five Hundred Naira only)
- Attracts monthly interest – it is currently at 2.125% per annum.
Key benefits:
- Interest income
- Encourages savings culture and helps you meet your personal targets.
Who can apply:
- Anyone who is 18 years and above and have something to put aside from their monthly income.
Documentation required:
- Account opening forms duly completed
- Two reference forms
- Two signature cards duly completed by each signatory to the account
- Two recent clear passport photography of each signatory to the account with your name written on the back
- Current international passport or drivers licence of each signatory
- Customer address verification form.
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