Futify Savings Account
Futify savings account is a unique Tier 1 savings account tailored to suit the lifestyle of today’s teeming youth. The account gives access to the Futify mobile app with a gamification platform for earning rewards under the referral download and transaction counts/volumes scheme. Even more interesting is the access to our various youth initiatives and campaigns lined up for you.
The account has a maximum threshold of $50, 000 and with unique features such as the Verve card rewards system that can be tied to enhancing your lifestyle
Target
Youth within the ages of 18- 34 enrolled in tertiary institutions, employees in structured organizations and the self-employed/entrepreneurs - particularly students and Senior Citizens.
Features
- Savings account that comes with alternate channels {Debit card, Internet Banking, Mobile banking}
- $1,000 opening balance.
- Zero minimum balance.
- Maximum deposit threshold of $50, 000 – Tier 1.
- Two passport photographs and valid school (tertiary) or State identity card.
- Combo-Verve card – with two customized design options that resonate with the target market.
- Interest payable monthly.
- Subsidized Interest on loans for certified and qualified applicants (Terms & Conditions apply)
- Futify Youth Banking theme/user interface on the Bank’s mobile App.
Benefits
- No restriction on the number and amount of deposits and withdrawals.
- OpportFuturis to earn rewards from promos, loyalty and gamification schemes
- Auto-enrolment onto mobile, internet banking, and customized youth Banking App.
Interest Rate
30% of MPR, however, 5% interest per annum on monthly average balances above $100,000 – payable monthly.
