Deposit Account
Deposit Account
At Anioma Microfinance Bank, our Deposit Account which is also known as Fixed Deposit Account, offers a secure and rewarding way to grow your savings. By locking in your funds for a specified period, you can enjoy higher interest rates compared to regular savings accounts, ensuring that your money works harder for you.
Features/Benefits
Our Fixed Deposit Account is designed for individuals and businesses looking to invest their surplus funds in a safe and stable financial product. With flexible tenure options and competitive interest rates, you can choose the term that best suits your financial goals. Fixed Deposit Accounts of tenures of 30 Days, 60 Days, 90 Days, 180 Days, 360 Days. Fixed deposits could be renewable on expiration at the option of the customer.
- Flexible Tenure Options: Choose from a variety of fixed deposit terms ranging from 30 days to 365 days, depending on your investment goals.
- Competitive Interest Rates: Enjoy attractive interest rates that are higher than those of regular savings accounts, providing a better return on your investment.
- Minimum Deposit Requirement: Start your fixed deposit with a minimum deposit of ₦100,000, making it accessible to a wide range of customers.
- Guaranteed Returns: The interest rate is fixed for the entire tenure, providing you with predictable and guaranteed returns on your investment.
- Auto-Renewal Option: Choose to automatically renew your fixed deposit at maturity, ensuring continuous growth of your funds without any interruption.
- Easy Access to Funds: While your funds are locked in for the chosen period, you can still access them in case of emergencies, subject to applicable penalties.
- Safe Investment: Your funds are securely deposited with Anioma MFB, giving you peace of mind knowing that your investment is protected.
- Higher Returns: Benefit from higher interest rates compared to regular savings accounts, helping you grow your wealth more effectively.
Account Opening Documentation
Passport photograph required?
Yes, one(1) recent passport photograph.
Bank Verification Number (BVN) required?
Yes, Bank Verification Number (BVN) is required.
National Identification Number (NIN) required?
Yes, National Identification Number (NIN) is required.
Do I need KYC/DD and compliance with AML/CFT Policies?
Yes, full KYC/DD and compliance with AML/CFT Policies will be carried out.
Type of means of identification required?
Any of the valid means of identification required is International passport, Driver’s license, National ID [NIN Preferable], Voter’s card) .
Type of proof of address required?
Any of the valid proof of Address required is (PHCN, Water bill, Waste disposal bill, tenement, etc.).
Any other rquirement?
Yes, Resident permit (for expatriates).
Reference forms (only required to allow customer pay in other banks’ cheques)
