Max Yield Savings Account

Max Yield is a savings account that offers high interest rates on a minimum deposit balance. It is for customers that want their savings to earn more for them while enjoying partial withdrawals from the account without losing the interest earned.

What does it offer you:

  • You get additional incentives to save to meet personal targets or expenses
  • You earn higher interest on the deposits in your Max Yield account
  • Third party deposits and withdrawals by cheques into your Max Yield acocunt at any branch
  • Deposit and withdraw cash at any ATM or Stanbic IBTC Personal Deposit Machine
  • A flexible maximum cheque deposit value of N2,000,000 per account
  • Receive transfers from abroad and locally
  • Make payments on the Web and via POS
  • Check balance, send money and pay bills via Internet Banking
  • Set up direct debits or standing orders for regular bill payments
  • Earn interest of 6.2% per annum (subject to CBN-advised MPR) for minimum daily balances of N100,000
  • Normal savings rate or 4.2% per annum (subject to CBN-advised MPR) if you withdraw more than once a month or daily account balance is less than N100,000

How Does It Work:

  • Max Yield is denominated in Naira only
  • The minimum account opening balance is N10,000 (Ten thousand Naira only)
  • Minimum operating account balance of N2,000 (Two Thousand Naira only)
  • Holders earn regular savings account interest rates with average daily deposit of less than N100,000 (One hundred thousand Naira only)
  • Third party deposits and withdrawals by cheques into your Max Yield account (your cheque can only be cleared at Stanbic IBTC branches)
  • Holders earn regular savings account interest rates plus 2% with average daily deposit of more than N100,000 (One hundred thousand Naira only)
  • You get no interest when you make more than four withdrawals in a month

 

What you need to apply:

• A minimum of N10,000 (Ten thousand Naira only)

• A completed account opening form. Download PDF 

• Two recent clear passport photographs of each signatory to the account  
• Each signatory’s valid ID (e.g. Drivers’ license, International passport, National ID, Voters’ Card)

ID must not be within 6 months to expiry date when it is presented for account opening 

• BVN of all Signatories
• Proof of residential or official address validated by a Utility Bill (such as electricity, water or waste bills)

PS: A simple instruction to a branch would suffice if you already have another Stanbic IBTC Bank account

For more information:

Please visit a Stanbic IBTC Bank branch or call us 0700 CALL STANBIC (0700 2255 7826242) or +234 01 270 9676 or email customercarenigeria@stanbicibtc.com


 
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