Saturday, 25th November, 2017

Ekondo Target Savings (ETS)

Ekondo Target Savings

 

This product encourages savers to save for the purpose of meting specific targets like Christmas, purchase of land, pilgrimages expenses, School fees, wedding etc. It has a required initial opening balance of N500 only.

This product attracts an additional 2% above the normal savings rate if the customer keeps to the terms of the agreement.

Features and benefits

  • Account opening Balance - N 1000
  • Savings for the future events or ceremonies
  • Attracts additional interest of 2%
  • May be accepted as collateral
  • Savings may be regular