Super
Saver
The product is for all categories of micro clients, salaried workers, apprentices, children, students, businessmen and women.
Requirements
- Zero opening balance.
- N500 minimum balance.
- Flexible operating conditions apply – daily, weekly and monthly savings.
- SMS, COT and maintenance charges not applicable.
- N100 passbook charge applicable.
- t should not be linked with any loan account.
- Interest rate is 5% per annum.
- It accommodates both micro clients and commercial clients.
RATIONAL
Product rationale
Many micro business clients usually save in an informal way; through “ALAJO” (Daily collector). There is a potential risk of losing all money saved through these means especially if the daily “Collector” is fraudulent. However, with this savings account product, the client is assured of safety, reliability, and quick service and the prospect of accessing credit products from the bank is high.
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