REHOBOTH RANGE OF BANK ACCOUNTS

REHOBOTH DREAM SAVINGS ACCOUNT
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
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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