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Life Savings gives you:
Superior returns plus freewith a monthly contribution as low as ₦2,000.
Life Savings plan gives you the opportunity to earn better interest on your savings than the ordinary savings account offer and at the same time enjoy a FREE life insurance cover of up to ₦1million
Life Savings is intended as a medium/long terms savings plan, so part or totalbefore the first 24months of initiation will result in loss of interest that has accrued.
- Superior yield on savings
- Free Life Cover up to ₦1million
- Can be used to meet future needs
- Affordable monthly savings of as low as ₦2,000
This plan runs for a minimum of two years and the returns/interest accrued at the end of the desired tenure is benchmarked using the CBN savings rate. See below the different contribution bands, projected interest rates and applicable FREE Life Cover.
|Monthly Savings (₦)||Benchmark & Rate||Free Life Cover (₦)|
|2,000 - 9,999||CBN Savings rate + 0.45%||250,000|
|10,000 - 24,999||CBN Savings rate + 0.55%||500,000|
|25,000 - 49,999||CBN Savings rate + 0.60%||750,000|
|50,000 - Above||CBN Savings rate + 0.75%||1,000,000|