SAVINGS / TARGET SAVINGS ACCOUNTS

SAVINGS ACCOUNTS

Ultimate Savings Account gives you the advantages of competitive interest rates and the availability of your funds, without forfeiture of interest in case of withdrawal. The account may be owned by an individual, an organization or an association.

Product features:
Simple account opening process
Attractive interest rates
Free statement of account (on request)
E-mail SMS Alert services

Required Documentations:
Duly completed Account Opening form.
Provide 2 passport photographs.
A valid means of identification.
Utility bill of not more than 3 months old.
Minimum operating balance of N500.00
Enjoy high interest rates.
And any other document that might be requested for by Ultimate MFB

TIER 1 SAVING ACCOUNT

A Tier 1 Savings Account is a basic, entry-level savings option designed for ease of access and minimal requirements. This account type typically offers streamlined documentation, low balance requirements, and quick account opening, making it ideal for individuals looking to start saving with fewer restrictions.This savings account enables clients to save money to meet future needs, emergencies and also encourage savings habits.

Tier 1 Product features:
Zero minimum opening balance.
minimum operating balance of N500.00
Interest rate (Same as existing savings account rate).
Maximum single deposit of N50,000.
Maximum cumulative balance of N300,000.
Customer can use any ID or BVN to open account

TARGET SAVINGS ACCOUNTS

At some point in time, every individual has projects to execute. Ultimate MFB has designed a Savings Plan Account for individuals and groups to save funds towards their specific projects for a specified period.The savings account will generate interest on your fund, while you plan your project.

TIER 2 SAVING ACCOUNT

A Tier 2 Savings Account offers more features and higher transaction limits than a Tier 1 account, with moderate documentation requirements. It provides enhanced banking benefits like higher withdrawal limits and sometimes debit card or online banking access, ideal for those managing larger savings.This savings account enables clients save money to meet future needs, emergencies and also encourage savings habit.

Tier 2 Product features:
Zero minimum opening balance.
minimum operating balance of N500.00
Interest rate (Same as existing savings account rate).
Maximum single deposit of N100,000.
Maximum cumulative balance of N500,000.
Customer can use any ID to open account
BVN

TIER 3 SAVING ACCOUNT

A Tier 3 Savings Account is the most advanced level, offering the highest transaction limits, full access to banking services, and additional features such as international transactions, unrestricted online banking. This account typically requires more comprehensive documentation and may have higher minimum balance requirements. It is ideal for individuals seeking full banking flexibility and maximum access to financial services.This savings account enables clients save money to meet future needs, emergencies and also encourage savings habits.

Tier 3 Product features:
minimum operating balance of N500.00
Interest rate (Same as existing savings account rate).
Maximum single deposit of N5,000,000.
Unlimited Maximum cumulative balance
Customers must provide a valid means of ID (national ID, driver's license, voter's ....card or international passport).
Utility Bill not less than 3 month
BVN and NIN.