REHOBOTH RANGE OF BANK ACCOUNTS
This account is specially designed for meeting future targeted financial needs such as savings for marriage, festivals(Christmas, Ileya) graduations, freedom, etc. It’s features include:
– Initial opening balance/amount for this account is N2000.00/N1000.00
– A minimum regular savings of N3000.00 monthly or N100 per day.
– Can be used as collateral for loans.
REHOBOTH SAVINGS ACCOUNT
A normal savings account. It’s features includes:-
– Initial opening balance/amount for this account is N1000/N500.
– The customer can make contribution on a daily, weekly or monthly basis.
– Withdrawal period will be predetermined by the customers.
– Withdrawals up to three (3) times in a month will not have interest.
REHOBOTH MODIFIED DAILY CONTRIBUTION (MDC) ACCOUNT
Modified Daily Contribution Account is designed to encourage savings among the target customers. Loan/Overdraft can only be given on this account after you have contributed up to half of the month, and if is based on the amount you contribute daily. It’s features:-
– To qualify for interest on this account, minimum tenor without withdrawal is three (3) months.
– Daily contribution could be N100, N200, N500, N1000, N2000, N5000, etc.
– 1st payment is taken by the bank as administrative charges.
– Loan/Overdraft is not more than N30,000.00 to be given through this product.
REHOBOTH FIXED MODIFIED DAILY CONTRIBUTION/BETTER LIFE ACCOUNT
This product enables you to save a specific amount on a daily basis for a specific period of either 6 months or one year before you can withdraw from it. It’s features:-
– Attracts higher interest than other savings account.
– Daily contribution could be N200, N300, N500, N1,000 etc.
– No part is taken by the bank.
– If less than six months no interest is given.
– Comes in handy as collateral for loans.
– Is a must account for loan customers.
REHOBOTH HYBRID SAVINGS ACCOUNT
This is a savings account specially packaged to allow the customer pay in cheques and dividend warrants and can be issued cheque book it requested. It’s features:
– Opening amount is: Individual = N10,000.00; Corporate = N20,000.00
– This account enjoys zero COT (i.e. No C.O.T charges on this account).
– Withdrawal of up to three times within one month disqualifies earning of interest.
– Issuance of cheque book is optional (depends on customer).
REHOBOTH DIAMOND ACCOUNT
This product is a current account targeted at high income earners with steady cash flow and with personalized financial services. It’s features include Opening balance/amount is: Individual = N20,000.00; Corporate = N20,000.00