SAVINGS ACCOUNT, CURRENT ACCOUNT, DEPOSIT AND OTHER SPECIALIZED PRODUCTS
The account attracts highly negotiable interest rate depending on the amount deposited.
Xmas account, as the name implies is savings account meant to be withdrawn by December period and utilized for Christmas needs. Interest rates are subject to review, as it will attract higher interest rate when compared with the interest paid on ordinary savings scheme.
This is directed towards boosting small scale agriculture and animal husbandry.
This is made available to Artisans e.g. Vulcanizer, mechanics, electricians etc, to help them acquire instrument of trade under specific conditions.
Microfinance is the access to financial services by the poor household who were traditionally not served by the universal banks. Deposit your money in any of our correspondent. Banks withdraw same from use with ease.
This is group loan made available to the customers through CSO’s and the Union leaders. This product believes in people and not in collateral, it is a tool for poverty eradication.
This account is designed for children less than 18years of age. Other services include (a) Investment advice, (b) Clearing of cheques etc.
This is a special product designed to inculcate banking habit to its depositors. It is contributed on daily, weekly and monthly basis as the case may be. Igbo-Ukwu Microfinance Bank Isusu is different; the bank pays interest to contributors instead of collecting from them. We therefore encourage the customer to contribute for his targeted needs today and join the leading group. Bank with us today, the leading Grass Root Bankers.
Akpoachilikwa is also a non-tangible collateral lending; the product recognizes the fact that the poor do not own an asset usually pledged as collateral. This product believes in people and not in collateral. It uses cross guarantee as repayment. It is also a poverty reduction strategy.
The Akpoachilike is made available to the wards (the people) through the IDES, ICHIES, and the Chairman of the wards who also stand as the guarantors of the credit with the tenor of six months. The interest rate is moderate to entice the poorest to participate.
This product, as the name implies is a Target savings account for the Teachers and other Civil servants. It is designed to help the retired teacher/civil servants start a trade while waiting for their gratuity. Where the customer is able to save 70% targeted amount for the intended trade, the banks would provide 30% as a loan at the prevailing interest rate. Save for your rainy days and join the leading group. We are the leading Grass Root Bankers.