This product is a tenured savings products in which the customer can fix his/her excess cash for a period of time. The product is available to both individual and corporate customers.
Features and benefits
- Starting balance is not less than N50,000
- Attracts interest far larger than conventional
- It is tenured for 30,60,90 or 180 days etc
- Can be used as collateral for loan
- Amount above N 2m attracts negotiable interest rates
- May be accepted as collateral