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Savings Account

Savings Account

Product Description

This savings account is a product for Individuals who need to put some funds away for ventures and earn interest.

Target Market

Individuals

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 3 withdrawals 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 withdrawal slips (not valid for clearing)

**MPR-Monetary Policy Rate

 

Unity1 Account

Product Description

This savings account is targeted mainly at unbanked and under banked people.

It is a product mandatorily required by CBN, as it is an important part of the financial inclusion agenda, tasked with banking the unbanked.

Target Market

Unbanked and underbanked

Can be opened online on your phone or Tablet device, using the online link https://unity1.unitybankng.com

 

Double Edge Savings Account

Product Description

It is a hybrid account that allow customers enjoy the benefit of a savings account while also enjoying the flexibility of a current account at no cost to the customer.

Target Market

Individuals, HNIs

Product Features and Benefits

  • Combines features of savings and current account
  • Non-clearing customized cheque
  • Opening and minimum operating balance of N20,000 for individuals
  • Cheque and dividend warrant lodgement allowed
  • Attractive Interest rate
  • Maximum of 3 withdrawals per month after which interest is forfeited
  • Electronic banking facilities (internet banking, ATM, SMS alerts)
  • Allows cash withdrawals by third Party at any Unity Bank branch nationwide (up to the tune 150,000)
  • Account serves as collateral for borrowing

**MPR-Monetary Policy Rate

 

Target Savings

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

Individuals

Product Features and Benefits

  • Flexible opening balance of N2,000 and operating balance of N5,000
  • Personal cheque and dividend warrant lodgement applicable
  • Cash lodgement and payment
  • Instalment deposit plan to be mutually agreed and fixed based on investor's financial capabilities and tenor
  • Monthly statements of account (by email or surface mail)
  • Threshold 1.e. operating balance of N5000.00, flexible deposit options i.e. weekly, monthly, quarterly
  • Access to PTA for international passengers (e.g. holy pilgrimages)

**MPR-Monetary Policy Rate

 

Unity Kids Account

Product Description

This savings account is kids and Teenagers below 18 years. It offers parent and guardian the opportunity to set aside funds for their children.

Target Market

Children and Teenagers

Product Features and Benefits

  • Attracts interest
  • Converts automatically to major when the child turns 18 years
  • Encourages savings and banking habits from childhood