This product is designed specifically for our customers that want to save for a particular purpose or event. It will assist such customer to properly plan financially through this wise saving scheme in order to achieve the purpose. Maybe, the customer wants to save and pay for the following: house or shop rent, embark on pilgrimage, Christmas or Easter celebration, school fees, wedding, birthday, child dedication, house warming etc., This package is ideal for such customer.
Requirements/Terms and Conditions:
Account opening form and mandate card must be completed by the account holder accompanied with his/her passport size photograph, valid ID card and bio data of next of kin.
Initial deposit is ₦10,000 minimum which is to be built up monthly
Minimum tenor is 10 months @ 2% interest rate payable at maturity.
At the end of 10 months, the customer must have saved up to ₦100,000.
Withdrawal before maturity attracts 10% surcharge after one week notice.
At least two weeks notice must be given before withdrawal of cash at maturity.
Rollover after maturity is allowed if the customer so desires.
Account holder must be physically present with account instruments at the office to withdraw cash at maturity
There must be minimum account balance of ₦1,000 after termination of account.