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Business Savings Account

Product Description

This savings account is a product for all kinds of business who need to put some funds away for ventures and earn interest.

Target Market

All registered business can benefit from this account. Suitable for businesses that want set aside some cash for the future or a project.

Product Features and Benefits

  • Account opening balance of N5,000
  • Minimum Balance of N1,000
  • Bundled account that comes with our alternate channels Internet Banking, Mobile banking
  • Maximum of 3withdrawals per month after which interest is forfeited
  • Interest bearing {30% of MPR**}
  • Cheque lodgement (up to the tune of ₦2mn per day for account with BVN)
  • No maintenance fee
  • Customized personalized withdrawal slips (not valid for clearing)

**MPR-Monetary Policy Rate