Target Audience: Individuals and small businesses seeking flexible savings options
Account Features:
Attractive interest rate (x% – y%)
Free investment/advisory services
Serves as a basis for credit application
Cash/cheque pickup services available
Allows standing orders and special instructions
Minimum Balance: ₦xx
Target Audience: Businesses, organizations, and high-transaction customers
Account Features:
3-day value clearing for cheque deposits
Cash/cheque pickup
Standardized cheque booklet
Allows standing orders and third-party withdrawals
Accepts dividend warrants
Minimum Balance: ₦xx
Other Benefits: Negotiable commission on turnover, prerequisite for overdraft access
Target Audience: Parents, guardians, students, and education-focused savers
Account Features:
Attractive interest rate (x% – y%)
Free investment/advisory services
Serves as a basis for additional credit (if already a client)
Minimum Balance: ₦xx
Encourages structured saving towards academic fees and school needs
Target Audience: Individuals and businesses with medium-to-long-term savings goals
Account Features:
Attractive interest rates (negotiable: x% – y% per annum)
Interest payable upfront or at maturity
Serves as cash collateral for future loans
Free financial advisory services
Minimum Investment: ₦xx
Target Audience: Small business owners, micro-traders, and individuals with light transactional needs
Account Features:
Similar to standard current accounts, with lower entry barriers
3-day value clearing on cheques
Cash/cheque pickup
Cheque booklet and standing orders available
Supports third-party and dividend withdrawals
Minimum Balance: ₦xx
Other Benefits: Suitable for overdraft facility; negotiable COT
Target Audience: Daily traders, market women, artisans, and small savings groups
Account Features:
Daily, weekly, monthly, or yearly cash collection
Interest-free to the bank
Acts as a savings buffer and can qualify for micro-loans
Promotes financial discipline and inclusivity in underserved markets