Maranatha Microcredit Cooperative Society Limited
To create economic opportunities and benefits for members by fostering the growth and success of empowerment schemes
Deposit/Savings
DEPOSITS/SAVINGS
CURRENT DEPOSIT ACCOUNT 1
This account where a customer deposits his or her account withdrawable on demand.
SAVING PRODUCT 2 – PERSONAL SAVINGS
This account is tailored to customers’ personal convenience. A customer can make withdrawal/lodgement at his/her own convenience, with only a minimum balance of N1,000.
SAVING PRODUCT 3- FIXED DEPOSIT ACCOUNT
This is structured to double as a saving and investment instruments for all classes of customers of the bank. It is renewable according to the respective tenures and attracts interest based on the amount of deposits, maturity, and provisions of the microfinance banking guidelines and the BOFIA.
SAVING PRODUCT 4 – SHORT TERM DEPOSIT ACCOUNT:
This is structured to suit the needs of individuals and groups that may not have a predetermined expiring date. Withdrawal is subject to seven days’ notice.