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Our Savings Accounts

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REGULAR SAVINGS ACCOUNTS
Download Account Opening Form    |        Open Account Online

Regular Savings is a very flexible and convenient savings account designed for clients to make savings on a regular basis.

Features
• Opening balance of N1000.00
• Interest rate@2.5% P.A if not more than 3 withdrawals per month
• Deposit and withdraw anywhere, anytime using our correspondent banking and mobile money service.
• Access to ATM
• Cheque book available on request
• Minimum balance of N1000.00

FAQ:
Q: How do I open a Regular Savings Account?
A: To open a Regular Savings account, you need to fill out the account opening form, bring 2 recent passport-size photographs, utility bill and a valid means of identification along to Consumer MFB branch closest to you.
2. Q: Who can operate a Regular Saving Account?
A: Anybody can operate the account.
3. Q: Do I need a guarantor to open a Regular Savings Account?
A: No

CONSUMER SAVINGS PLAN
At some point in time, every individual have projects to execute. Consumer MFB has designed Savings Plan Account for individuals and groups to save funds towards their specific projects for a specified period. The savings account will generate interest base on your account balance and are classified below based on your withdrawal requirement and account balance.

SILVER SAVINGS ACCOUNT

Features:
• Opening balance of N10,000.00
• Interest rate @4.5% P.A for balance above N5,000 with less than or equal to 3 withdrawal per quarter.
• A chance to win fabulous prizes from our quarterly draws.
• Access to loan up to 1.5* average quarterly account balance
• Minimum balance of N5,000.00

FAQ
1. Q: Is the interest rate negotiable?
A: Yes.
2. Q: Do I need a guarantor to open Savings Plan Account?
A: No
3. Q: What kind of identification do I need to open Savings Plan Account?
A: We accept any valid means of identification (see requirements)
4. Q: Where can I open and operate a Silver savings Plan Account?
A: You can open and operate Savings Plan Account at any Consumer MfB branch. Our Customer Service Officers (CSO) will be glad to open one for you.

 

GOLD SAVINGS ACCOUNT
Features
• Opening balance of N10,000.00
• Interest rate @ 6% P.A for balance above N20, 000 with less than or equal to 2 withdrawals per quarter.
• A chance to win fabulous prizes from our quarterly draws.
• Access to loan up to 2* average quarterly account balance
• Minimum balance of N10,000.00

PLATINUM SAVINGS ACCOUNT
Features
• Opening balance of N100,000.00
• Interest rate @ 10% P.A for balance above N100,000
• Customer can withdraw anytime without charge.
• Access to loan up to 3* average quarterly account balance
• Access to home appliance loan at a competitive rate.
• Minimum balance of N100,000.00
• Free Branch-less Banking

Additional Services
• SMS notifications and alerts on all transactions
• 24/7 banking via Consumer Mobile self service and Master card ATM
• 24/7 contact center
• Consumer Agents Banking
• Correspondent Banking i.e withdrawal and deposit from any branch of our correspondent bank e.g Stanbic-IBTC and Sterling bank.
• Deposit via our website using other banks ATM card

END OF YEAR EXPENSES SAVINGS SCHEME (EYES)
Features
• Minimum opening Balance of N5,000
• Monthly Deposit of at least N10,000
• 5% Interest rate as against the usual 3%
• No withdrawal until after 12 months of unbroken build up
• No ATM, Withdrawal slip or Cheque book.
• Early withdrawal fee of 2% of account bal.
• Withdrawal is by application.

BENEFITS
• Free Life insurance cover with sum assured of estimated annual bal.
• Bonus interest of 50% of the accrued interest to be added if no withdrawal and consistent deposit.
• No account maintainance fee
• No Account opening fee
• No sms charge.
• Immediate renewal without any obligation

Additional Services
• SMS notifications and alerts on all transactions
• 24/7 banking via Consumer Mobile self service and Master card ATM
• 24/7 contact center
• Consumer Agents Banking
• Deposit via our website using other banks ATM card

DAILY EXPRESS SAVINGS SCHEME (DESS)
Features
• Minimum opening Balance of N1,000
• Monthly Deposit of at least N5,000
• 4% Interest rate as against the usual 3%
• Save as low as N200 daily, weekly or monthly as convenient
BENEFITS
• Free Branchless Banking.
• Free first withdrawal booklets.

Additional Services
• SMS notifications and alerts on all transactions
• 24/7 banking via Consumer Mobile self service and Master card ATM
• 24/7 contact center
• Consumer Agents Banking
• Correspondent Banking i.e withdrawal and deposit from any branch of our correspondent bank e.g Stanbic IBTC and Sterling bank.
• Deposit via our website using other banks ATM card

GROUP SAVINGS
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