Nigeria
MaxYield Account
Accelerate your savings with the option of partial withdrawals for emergencies along the way
N 0
Minimum Balance
N 50
Stamp duty
N10 000
Opening deposit
Max Yield Account Benefits
Mobility
Download the app. No need to go into a branch
Options
Optional withdrawals
Flexibility
Pay in cheques and dividend warrants and 3rd party withdrawals
Bonus
Up to 0.5% bonus interest to your savings
How to get it
If you already have another Stanbic IBTC Bank account, you can instruct the bank to open this account for you
- Application form.
- Two recent passport photographs of each signatory to the account
- Signatory’s valid ID (Drivers’ license, International passport, National ID or Voters’ Card).*
- BVN of all Signatories
What it costs
- Minimum account opening balance of N10 000.
- Federal Government of Nigeria stamp duty charge of N50 on every transaction above N10,000.
- SMS Charge will be as charged by the Telecommunication network
See our products pricing guide on page below
What you get
- Third party deposits and withdrawals by cheques into your Max Yield account (Maximum deposit of N2 million and non-clearing 3rd party cheque withdrawals)
- Cash deposit and withdrawal at any Stanbic IBTC Personal Deposit Machine and ATM respectively
- Make payments on the Web and via POS with your debit MasterCard
- Access to all E-Banking channels
- Set up direct debits or standing orders for regular bill payments
- Bonus interest of 0.5% plus 10% of MPR per annum if daily balance is more than N100,000.
- Interest of 10% of MPR per annum if balance is less than N100,000 or more than 1 withdrawal per month.
- Interest is forfeited at the 5th withdrawal in a month. Interest is paid monthly less 10% withholding tax.
-
How to get it
-
What it costs
-
What you get
If you already have another Stanbic IBTC Bank account, you can instruct the bank to open this account for you
- Application form.
- Two recent passport photographs of each signatory to the account
- Signatory’s valid ID (Drivers’ license, International passport, National ID or Voters’ Card).*
- BVN of all Signatories
- Minimum account opening balance of N10 000.
- Federal Government of Nigeria stamp duty charge of N50 on every transaction above N10,000.
- SMS Charge will be as charged by the Telecommunication network
See our products pricing guide on page below
- Third party deposits and withdrawals by cheques into your Max Yield account (Maximum deposit of N2 million and non-clearing 3rd party cheque withdrawals)
- Cash deposit and withdrawal at any Stanbic IBTC Personal Deposit Machine and ATM respectively
- Make payments on the Web and via POS with your debit MasterCard
- Access to all E-Banking channels
- Set up direct debits or standing orders for regular bill payments
- Bonus interest of 0.5% plus 10% of MPR per annum if daily balance is more than N100,000.
- Interest of 10% of MPR per annum if balance is less than N100,000 or more than 1 withdrawal per month.
- Interest is forfeited at the 5th withdrawal in a month. Interest is paid monthly less 10% withholding tax.
Pricing Guide in line with CBN Guide to Bank Charges by Banks and other financial institutions effective 1 January 2021.
Pricing Guide in line with CBN Guide to Bank Charges by Banks and other financial institutions effective 1 January 2021.
We also offer
CHESS Account
The flexible CHESS account makes every Naira count for you and your child.
Mobile App
Download Stanbic IBTC mobile app today! Get access to your financial solutions all in one app.