liability-product
SAVINGS ACCOUNTS CATEGORY

Business Savings

Special form of target account tailored specifically towards financing the educational advancement of the children at various levels.

Features & Requirements

Features:

  • Higher interest rate
  • You need only 2 days notice period to withdraw your funds.
  • Electronic Notification Service

Requirements:

  • A duly completed application form
  • Copies of acceptable means of identification (Driver’s License, International passport, National I.D Card, and any other acceptable identification document deemed fit by the bank).
  • One passport photograph.

Click Here to Download Account Opening Form.

Call Account

Our Call Account provides you and your business with the opportunity to earn higher returns than a regular savings account. You also enjoy the benefit to withdraw your funds with only a 2 days notice period.

Features & Requirements

Features:

  • Simple and convenient to open
  • Customer will be issued counter (non-clearing ) cheques to operate the account.
  • Customer can issue cheques to third parties
  • Customer can lodge in cheques and dividend warrants for collection.
  • No COT charges.
  • Competitive interest rate

Requirements:

  • Two passport photographs and a valid means of identification.
  • Obtain an independent and satisfactory reference on the account.

Click Here to Download Account Opening Form.

Education Advancement Savings Scheme (EASS)

Special form of target account tailored specifically towards financing the educational advancement of the children at various levels.

Features & Requirements

Features:

  • Periodic savings towards the education of the child throughout the year
  • Details of the School and applicable fees to be supplied
  • No withdrawal will be allowed except when fee is due for payment to the School
  • Attractive interest rate
  • Bank may act as agent to effect payment to the named School as may be instructed
  • Bank to arrange insurance for the lump sum required for the child’s education at the customer’s expense (optional), premium payment.
  • In the event of record of death or permanent disability of the customer, the Insurance pays for the sum insured to cater for the child’s education.

Requirements:

  • Requires only two passport photograph and simple form of identification i.e Association ID, Voter’s card, Students ID, LASRRA ID, etc.

Click Here to Download Account Opening Form.

Hybrid Account

Our Hybrid account enjoys some benefits of current account.

Features & Requirements

Features:

  • Simple and convenient to open
  • Customer will be issued counter (non-clearing ) cheques to operate the account
  • Customer can issue cheques to third parties
  • Customer can lodge in cheques and dividend warrants for collection.
  • No COT charges.
  • Competitive interest rate

Requirements

  • Two passport photographs and a valid means of identification
  • Obtain an independent and satisfactory reference on the account.

Click Here to Download Account Opening Form.

Savings Account

This account is to encourage customers to imbibe savings culture by making savings for the raining days.

Features & Requirements

Features:

  • Attractive interest rate
  • Account holders are eligible to obtain loans from the bank

REQUIREMENTS

  • Requires only two passport photograph and simple form of identification i.e Association ID, Voter’s card, Students ID, LASRRA ID, etc.

Click Here to Download Account Opening Form.

Smart Kiddies Account

This is an account opened and maintained in trust for underage children. Parents or Guardians run the account on behalf of the children until they are of age, (17 Years )

Features & Requirements

Features:

  • Account for children and infants below age of 18.
  • Attractive interest rate
  • Withdrawal on account limited to once in a year.

Requirements

  • Two passport photograph of the child and that of the parent would be required.
  • Minimum opening amount of N1,000.00 and minimum balance of N1,000.00

 

Click Here to Download Account Opening Form.

Target Savings Account

Target savings account is designed to assist customers meet by setting aside part of their current income to over a period of time to achieve projects such as marriages, festivals, education or holidays.

Features & Requirements

Features:

  • Attracts higher interest rate than normal savings account
  • Withdrawal limited to three times in a year before expiration of term
  • The term or tenor of the account is flexible at the discretion of the customer.
  • Account holders are eligible to obtain loans to support the project via a current account.
  • Bank acts as agent to effect payments on customer’s instructions to Schools or other named beneficiaries as required.

Requirements:

  • Require two passport photograph and simple form of identification

 

Click Here to Download Account Opening Form.

CURRENT ACCOUNTS CATEGORY

Current Account ( Individual& Corporate )

These accounts are meant for the literates who can observe the rules governing current accounts. It facilitates business transactions through its effective settlement process provided by the clearing process.

Features & Requirements

Features/Benefits

  • Customized chequebooks that can be issued and cleared through all commercial banks.
  • No minimum balance is required
  • Concessionary COT
  • Account holder is eligible for bank facility
  • Cheques of other banks and dividend warrants are allowed into the account for collection
  • Cheques can be issued to third parties for encashment.
  • Customers are encouraged to process and collect ATM cards for easy access to funds.

Requirements

  • Requires only two passport photograph and simple form of identification i.e Association ID, Voter’s card, Students ID, LASRRA ID, etc.
  • 2 reference forms
  • Mandate Card

Click Here to Download Account Opening Form.

E-Account

Our e-Account is an interest bearing card account that allows you transact via different e-channels anytime from anywhere in the world.

Features & Requirements

Features:

  • This is a flexible account for all earners
  • The e-Account holders can only perform transactions via e-channels (ATMs, Internet Banking, POS).
  • This account is COT FREE
  • Free access to your account through SeedCapital Internet Banking platform or via ATMs
  • Cash withdrawals from ATMs within Nigeria and Abroad, wherever you see the MasterCard logo

Requirements:

  • Valid ID card (Driver’s License, International passport, National I.D Card, and any other acceptable identification document deemed fit by the bank)
  • Two passport photograph
  • Letter of Introduction from your organization

Click Here to Download Account Opening Form.

Fixed and Tenured Deposit

Depending on the tenor and volume of the transaction, interest rates are graduated, but very competitive.

Features & Requirements

Features:

  • Call deposit Investment
  • 30 to 360 days Investment
  • Negotiable and attractive interest rate.

Requirements:

  • Valid ID card (Driver’s License, International passport, National I.D Card, and any other acceptable identification document deemed fit by the bank)
  • Two passport photograph
  • Duly completed Investors profile form,

Click Here to Download Account Opening Form.

Special Investment

Features & Requirements

Features:

  • 180 and 360 day Investment Products
  • Investment runs till maturity, no pre-liquidation option.
  • Minimum amount for investment N50,000.00
  • Investment in this product can be grown on monthly basis.
  • Interest on the investment is payable upfront
  • Negotiable and attractive interest rate.

Requirements:

  • Valid ID card (Driver’s License, International passport, National I.D Card, and any other acceptable identification document deemed fit by the bank)
  • Two passport photograph.
  • Investors profile form.
  • Completed Mandate Card

Click Here to Download Account Opening Form.