STOCK

ACCESS BANK PLC

5.9

0.85%

19/03/2019

Target Savings

Account

Save towards specific projects over a specified time frame.

OPEN AN ACCOUNT NOW

Target Savings Account

Each of us have a unique purpose in life. The Target Savings lets you save with purpose, towards your life’s missions and goals.
 
This standalone account can be opened by both new and existing customers and enables you to save towards specific targets that you’ve set for yourself. 

Product Features

1
  • Opening balance of N5,000
2
  • No minimum operating balance
3
  • Interest rate of 5% p.a. (paid quarterly)
4
  • It allows cash and cheque deposits into the account.
5
  • Regular monthly contributions depending on the target amount in order to meet the savings plan
6
  • Withdrawal is at the end of the tenor/savings plan
7
  • Minimum savings period of six months (partial / full withdrawal prior to six months attracts interest forfeiture for the quarter withdrawal was made)
Restrictions:
*
No issuance of debit cards.
* No transaction access on the mobile or internet banking platforms.

Benefits

  • Convenient & flexible account opening requirements
  • Remote access to your bank account on the mobile or internet banking platform (view only)
  • Monitoring of account activities from the comfort of home/office via the internet & mobile banking platform
  • Provides account information updates via SMS/Email alerts
  • No monthly maintenance fee

Account Opening Requirements

  • Completed Account Opening form including signature mandate section
  • Valid means of identification e.g. National Identity card, Driver’s License, International Passport, or Voter’s card
  • KYC Documentation of the customer
  • Valid proof of residence
  • Visitation report
  • BVN of signatory(ies)
  • AML risk assessment form
  • 1 passport photograph