TARGET (OTHER) SAVINGS ACCOUNT
This account is designed to encourage potential entrepreneur to accumulate set up
Capital for a new venture or expansion.
- Opening balance N1,000
- Save a minimum amount of #1000 frequently but at your convenient interval and be used as collateral for micro Loan.
- Loan drawn down is allowed provided the account has been in operation for 6months and above, subject to maximum loan of N500,000 or as stipulated by the regulatory guidelines.
- Interest rate of 1% above normal saving interest rate provided there is no withdrawal within 6 months and above.