Generic Savings Account
- The rate of interest payable is very nominal on saving accounts. At present it is between 3% to 5% p.a in Nigeria.
- A minimum amount has to be kept on saving account to keep it functioning(N500 for ARISE)
- No loan facility is provided against saving account.
- Cheques are not allowed on savings account for withdrawal except on some hybrid accounts.
Joint Savings Account
Target Savings Account
Child Education Savings Account