Target Savings
Applicants willing to operate a target savings with Grants MFB can do so with as little as 100 (one hundred naira).
The various categories for fixed deposits are
Deposit Type | Description |
Daily savings | Commit to saving a specified amount daily for a specified period and reap profits obtained from your savings |
Christmas savings | Have a target amount to save before December 25th and have 5% of that amount credited to you if you achieve your mark |
School fees savings | Save for your wards fees with us for a minimum of 2 children and we match 10% of the next child’s school fees |
Rent savings | Save towards your rent monthly each year and we will match 5% of the amount saved |
Aggressive savings | Save incrementally each month for a minimum of 12 months and we will match the total amount saved by 10% |
Group/ Esusu savings | Organise a savings group- friends, family, religious, social or office. We will help you collect savings and disburse to each member their share of the savings and also ensure you earn income on the savings |
Documentation required
- Account opening form for new customers
- Target savings form