Grants Microfinance Bank

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


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
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