double edge

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 lodgment 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