Fast Access Savings Account (FASA):
This product is designed to complement the regular savings products by providing flexibility in withdrawal frequency as well as quick and easy accessibility. It has the following features;
- Customers can withdraw as many times as desired and still earn interest on their balance.
- To facilitate quick and easy accessibility, the product will have a dedicated teller.
- It does not require the use of passbook and hence depositors can withdraw through third parties.
- Customers can lodge cheques and other similar instruments into the account.
- Interest rate will be 4% per year
- Minimum opening deposit will be N5,000.00 and account balance must never fall below that balance.