Every Account holder shall pay a registration fee of N2,000 for purchase of form upon collection of form
Daily Contributions (Isusu/Akawo) – Minimum Daily Contribution shall be for 30 days circle (including Saturdays and Sundays) shall be a minimum N500 per day. Fridays collections shall be double to cover Saturday while Mondays shall be Double to cover Sunday collections.
Administrative Charge will be 10% per month. Monthly payment shall be paid after deduction of 10% Administrative charge to the customer personally, transferred to the Savings or Current Deposit upon instruction by the customer.
Current Deposit – Account opening Shall be minimum cash of N500. The monthly charge to the customer shall be N1.50 per N1,000 withdrawal. Minimum account balance shall be N500.
Savings Deposits – Minimum savings Deposit is N5,000. The interest rate payable to the account holder is 5% p.a. subject to review based on the market rate of returns.
Fixed Deposit – Minimum fixed deposit is N10,000. Interest Rate which shall be subject to review based on the market rate of returns shall be based on the following ranges: