Business Empowerment & Thrift account is for artisans and apprentices. The account has a five year life span, it can be used as collateral for a loan, and customers have opportunity to win funds for empowerment tools.
- Flexible Opening Balance.
- Regular periodic deposit up to a targeted amount over a specific period (max period of 5yrs).
- Interest Bearing.
- Personal cheque lodgment in the name of the account holder (Conditions Apply).
- Only one withdrawal in a quarter .
- Converts automatically to current account when the child turns 18 years .
- Access to scholarship.
- Account can be used as collateral for loan.
- Minimum of N50, 000 for three consecutive months provides an opportunity to win tools, materials for business expansion (Conditions Apply).
- ATM card.
- SMS alert.
- Cheques and Dividend warrants payable to the account.