Q. Who is the Silver Savings account for?
A. It’s for middle income earners and anyone above 18 with the capacity to maintain the account.
Q. What is the minimum balance?
A. =N=5,000 minimum account opening and daily balance
Q. Who is the Silver Savings account for?
A. It’s for middle income earners and anyone above 18 with the capacity to maintain the account.
Q. What is the minimum balance?
A. =N=5,000 minimum account opening and daily balance
Q. What is the penalty on withdrawals below the required minimum balance?
A. Interest forfeiture.
Q. How much interest is paid on the Silver Savings Account?
A. 0.25% above base savings interest rate.
Q. How often can withdrawal be made from the Account?
A. As many times as you wish but withdrawals over three times a month attracts an interest forfeiture penalty for that month.
Q. Can dividend warrants be paid into Silver Savings account?
A. Yes.
Q. Does the Silver Savings account allow third party withdrawals?
A. Yes.
Q. What is the cost of cheque book?
A. N500.
Q. What insurance products are available to Silver Savings account customers?
A. They include (but are not limited to) Professional Indemnity, Life Assurance, Personal Accident Insurance, Health Insurance, Travel medical Insurance Plans
Q. Can Silver Savings cheques go through clearing?
A. No. The Silver savings account cheques are non-clearing 3rd party cheques i.e. they are payable over the counter only.
Q. Are Silver savings account customers entitled to statement of account?
A. Yes they are entitled to quarterly statements of account.
Q. What is the penalty on withdrawals below the required minimum balance?
A. Interest forfeiture.
Q. How much interest is paid on the Silver Savings Account?
A. 0.25% above base savings interest rate.
Q. How often can withdrawal be made from the Account?
A. As many times as you wish but withdrawals over three times a month attracts an interest forfeiture penalty for that month.
Q. Can dividend warrants be paid into Silver Savings account?
A. Yes.
Q. Does the Silver Savings account allow third party withdrawals?
A. Yes.
Q. What is the cost of cheque book?
A. N500.
Q. What insurance products are available to Silver Savings account customers?
A. They include (but are not limited to) Professional Indemnity, Life Assurance, Personal Accident Insurance, Health Insurance, Travel medical Insurance Plans
Q. Can Silver Savings cheques go through clearing?
A. No. The Silver savings account cheques are non-clearing 3rd party cheques i.e. they are payable over the counter only.
Q. Are Silver savings account customers entitled to statement of account?
A. Yes they are entitled to quarterly statements of account.
