STOCK

ACCESS BANK PLC

9.76

0.31%

18/08/2017

Target Savings

Account

Save towards specific projects over a specified time frame.

OPEN AN ACCOUNT NOW

Target Savings Account

The Target Savings account is a non-transactional savings account.
 
It allows customers save towards specific projects over a specified time frame. A specific lump sum is targeted at the point of entry by the customer, and progressive savings are made monthly until the set target is achieved. The account can be opened independently by new and existing customers of the bank.

Whatever your financial goal is, the Target Savings account can help you achieve it.

Features and Benefits

1
  • Minimum opening balance N5,000
2
  • No minimum operating balance
3
  • The account allows cash and cheque deposits into the account
4
  • Minimum savings period of six months (partial / full withdrawal prior to six months attracts interest forfeiture for the quarter withdrawal was made)
5
  • Debit cards cannot be issued on the account
6
  • An Interest Rate is pegged at 5% p.a (paid quarterly)


N.B: The Target Savings Account is best funded using a Standing Order on the customer’s primary account with the bank.

Account Opening Requirement

  • A valid means of identification: International Passport, Voter's Registration Card, Driver's license, or National ID
  • Means of Address verification
  • 1 passport photograph
  • Residence Permit (where applicable)
  • 1 reference (only for cheque deposits)