>> Savings Accounts
Is an account that enables you to save money regularly and allows you instant cash withdrawals without notice or charge.
Our varieties of Savings Accounts include:
> Normal Saving Account:
An account that enables you to save money regularly and allows you instant cash withdrawals without notice or charge.
Product features
- Opening balance of XOF 50.000
- Minimum operating balance of XOF 25.000
- Interest at normal savings rate calculated daily on account closing balance and paid yearly.
Benefits
- Allows direct deposits and cash transfer from your current account into your savings account.
- Allows network transactions from any of our branches nationwide and without notice.
- Yearly interest payment on savings account balance.
- May serve as collateral for consumer loans
Eligibility
- Individuals
- Groups and Associations
- Churches
- Non Governmental Organizations – NGOs
- Employee of various establishments – Government, blue chip companies, embassies, SMEs etc
Documents
Valid means of Identification:
- National Identity Cards
- International Passport
- Address Verification
- Receipt/evidence of utility bill e.g. water, electricity, etc
- Alternative of utility bill can be a localization plan
- 4 passport size photographs
- Initial deposit of at least XOF 50.000
> Micro Save
Designed to encourage low-savers, the un-banked and the under-banked to have a savings account in a Commercial Bank.
Product features
- Opening & Operating balance of XOF 5.000
- Allows the saving of any amount
- Maximum operating balance of XOF 500.000 otherwise the account is migrated to the regular savings account.
Benefits
- Very low minimum opening balance
- Convenient way to save small amount
- Competitive interest rate
Eligibility
- low income & low profit earners
- the less educated
- financially/socially disadvantaged as listed below:
- Artisans
- Farmers
- Bus Drivers
- Laborers/Field worker
- Fishermen
- Petit Trader – Buyam Sellams
- Rural dwellers and communities where banking is still alien
Documents
- Valid means of Identification:
- Address Verification
- Receipt/evidence of utility bill e.g. water, electricity, etc
- Alternative of utility bill can be a localization plan
- 4 passport size photographs
- Initial deposit of XOF 5.000
Edu Save
An education-specific savings account opened in the name of the beneficiary and designed to support education through primary, secondary school and university years.
Product features
- Opening & Operating balance of XOF 5.000
- Interest at normal interest rate calculated daily on account closing balance and paid annually
- Allows network transactions from any of our 13 branches nationwide
Benefits
- Very low minimum opening balance
- Convenient way to save small amounts for the child’s education
- Competitive interest rate
Eligibility
- Secondary School Students
- High School Students
- University Students
- Students in Tertiary Institutions
- Parents with minors who wish to save for their children’s future/education
Documents
- Minors
- Valid Identification of Parents/Guardian:
- National Identity Cards
- International Passport
- Child’s birth certificate
- 4 passport size photographs each of Child and Parents
- Address Verification
- Receipt/evidence of utility bill e.g. water, electricity, etc
- Alternative of utility bill can be a localization plan
- Initial deposit of at least XOF 5.000
2. Students
- Valid Identification of Student:
- National Identity Cards
- International Passport
- School ID card to prove he/she is a student
- 4 passport size photographs
- Initial deposit of at least XOF 5.000
. |
