Welfare Savings Account
A special savings package purposely designed to assist customers to buy basic household items such as television sets, cookers, refrigerators, furniture, pay medical bills, school fees, and also meet other urgent family commitments.
Features/Benefits
- Low initial deposit.
- Attracts a higher interest rate than our standard savings interest rate.
- Quality for a loan of up to 120% of the balance on his/her account after operating the account satisfactorily for 6 months.
- Enjoy a concessionary interest rate of 2% less than the Bank’s commercial lending rate.
- No monthly account maintenance charges.
- Access to our suite of e-banking services.
Requirement
- Complete an Account Opening Form
- Attach a passport-sized photograph.
- Provide a Valid ID Card of signatories to the account.
- Submit proof of residence (e.g. utility bill, sketch to residence, etc.).