Savings Product

Take advantage of our various saving plans solely designed to help you grow your deposits and achieve your long term goal of housing security.

Children Savings Account (CSA)

This account enables parents/guardians to plan and save for their children’s future from ages 0-18 years, in the attainment of medium and long term goals.

Features

  • Base interest rate plus 2.5 The parent/guardian is not expected to withdraw more than twice a quarter
  • Account automatically converts to child mortgage plan savings account at age 18
  • Minimum opening balance of ₦5,000
  • Minimum balance on account is ₦5,000
  • Minimum monthly deposit of ₦10,000
  • Concessionary waivers on certain charges where parent wants to access mortgage after 2 years of consistent minimum deposit with a balance of ₦500,000
  • Where this happens, interest is forfeited
  • Only one withdrawal allowed per quarter otherwise interest will be forfeited
  • Welcome gift for the child e.g. pens, towels, pencil set, lunch bag etc.
  • % per annum payable quarterly

Home Ownership Mortgage Account (HOMA)

This is a saving product that allows the customer contribute certain amount of fund over a period of time and subsequently qualify for a mortgage loan.

Features

  • Enjoy interest rate concession on the mortgage loan
  • Earn interest on the savings account

This product comes in 4 categories:

1
HOMA Tusk
2
HOMA Trunk
3
HOMA Tuft
4
HOMA Hite
  • HOMA Tusk
  • HOMA Trunk
  • HOMA Tuft
  • HOMA Hite

The premium account, the customer shall make a minimum monthly deposit of N150,000.00 for 6 months and benefit from our mortgage loan


Mortgage Flexi Savings Account (MOFLESA)

Features

  • A savings account with the features of a current account
  • Base interest rate plus 1% per annum
  • Minimum opening balance of ₦50,000
  • Minimum monthly deposit of ₦10,000
  • Third Party Cheques allowed
  • Personalized Cheques allowed
  • Easier access to personal and mortgage loans
  • No Commission on Turnover (COT)
  • One (1) reference for account opening
  • An instant gift upon opening the account

Mortgage Plan Savings Account (MPSA)

Features

  • Base interest rate plus 3% per annum
  • Minimum opening balance of ₦20,000
  • Minimum monthly deposit of ₦10,000
  • Third Party Cheques allowed
  • Easier access to personal and mortgage loans
  • One (1) reference for account opening
  • The customer is not expected to withdraw within the first 6 (six) months
  • An instant gift upon opening the account