×

The High Yield Deposit Account  is a unique tenured product targeted at the Commercial Entities, high-end SMEs as well as upper Retail Segments. It was introduced to offer a customer-friendly, deposit product that meets the needs of Commercial Entities, high-end SMEs as well as upper Retail Segments. The  High Yield Deposit Account  Product is a 

  • high-interest bearing term deposit account that would run for 60 days and above (90/180 day options)
  • for amounts between N500,000 and N1million, tenor would be 90 days
  • N1million and above for 60/90/180 days
  • Balances to enjoy 10% interest element, net of with-holding tax 
  • A penalty would apply for early liquidation; in such cases, the Investment would earn only 3%


Target Market

  • Corporate bodies and Commercial Entities 
  • Associations, Societies & Clubs
  • Non-profit organizations 
  • Medium to high-income individuals 


Product Benefits

  • High interest payment, net of withholding tax 
  • Flexibility