Ekondo Savings Plus (ESP)

Ekondo Savings Plus

 

Ekondo Savings plus (ESP) is a daily savings scheme targeted at traders and other group of savers who have the culture of daily savings but would rather do it from the convenience of their shops, offices, houses or business premises.

The product has enjoyed wide acceptability and is currently a major product class.

Features and benefits

  • Account opening balance - N 1000
  • Daily savings for traders and small savers
  • Collection can be monthly or longer
  • Daily contribution may be collected by bank staff
  • Client must sign ESP card per deposit
  • Last deposit is made to bank as bamk charge