REHOBOTH RANGE OF BANK ACCOUNTS

SAVINGS ACCOUNT

A normal savings account. It’s features includes:-

  • Initial opening balance/amount for this account is N1000/N500.
  • The customer can make contribution on a daily, weekly or monthly basis.
  • Withdrawal period will be predetermined by the customers.
  • Withdrawals up to three (3) times in a month will not have interest.

FIXED MODIFIED DAILY CONTRIBUTION/BETTER LIFE ACCOUNT

FIXED MODIFIED DAILY CONTRIBUTION/BETTER LIFE ACCOUNT
This product enables you to save a specific amount on a daily basis for a specific period of either 6 months or one year before you can withdraw from it. It’s features:-

  • Attracts interest rate based on duration of savings.
  • Daily contribution from N200 and above.
  • Comes in handy as collateral for loans.

DREAM SAVINGS ACCOUNT

This account is specially designed for meeting future targeted financial needs such as savings for marriage, festivals(Christmas, Ileya) graduations, freedom, etc. It’s features include:

  • Initial opening balance/amount for this account is N2000.00/N1000.00
  • A minimum regular savings of N3000.00 monthly or N100 per day.
  • Can be used as collateral for loans.

HYBRID SAVINGS ACCOUNT

This is a savings account specially packaged to allow the customer pay in cheques and dividend warrants and can be issued cheque book it requested. It’s features:

  • Opening amount is: Individual = N10,000.00; Corporate = N20,000.00
  • This account enjoys zero COT (i.e. No C.O.T charges on this account).
  • Withdrawal of up to three times within one month disqualifies earning of interest.
  • Issuance of cheque book is optional (depends on customer).

MODIFIED DAILY CONTRIBUTION (MDC) ACCOUNT

Modified Daily Contribution Account is designed to encourage savings among the target customers. Loan/Overdraft can only be given on this account after you have contributed up to half of the month, and if is based on the amount you contribute daily. It’s features:-

  • To qualify for interest on this account, minimum tenor without withdrawal is three (3) months.
  • Daily contribution from N100 and above.
  • 1st payment is taken by the bank as administrative charges.

DIAMOND ACCOUNT

This product is a current account targeted at high income earners with steady cash flow and with personalized financial services. It’s features include Opening balance/amount is: Individual = N20,000.00; Corporate = N20,000.00

EDUCATIONAL ACCOUNT

This product is specially designed for children. Parents can open and operate this account on behalf of their children/wards until they are of age and signatories will change. Children’s share dividend can be paid into the account. It could be used by parents to save towards the payment of their Children’s/Wards fees or for the funding of their Children’s future education.

It’s features include:-

  • Minimum opening balance of N2,000.00.
  • Monthly savings of at least N2,000.00
  • If all conditions above are fulfilled, Account Holder will be entitled to back to school package annually.