Target Savings Account
Ordinary Target Savings Account
- Initial Opening Amount= N5,000
- Interest Rate = 1% P.A. above ordinary savings rate.
- Minimum of 3 months before first withdrawal
- Maximum of one withdrawal in a month after the first 3 months
- Minimum Account Balance= N5,000
- Customer to enter undertaking with Bank on regular weekly deposit amount and tenor of Deposit Target (the funds will be blocked for proper control)
- Attainment of N100,000 Daily Average Balance for 10 consecutive months qualifies for Handsome Rewards at Year-End.
Amfb Classic Target Savings account
- Initial Opening Amount= N10,000
- Interest Rate=1.5% P.A. above ordinary savings rate
- Customer to enter undertaking with Bank on regular weekly deposit amount and tenor of Deposit Target (the funds will be blocked for proper control)
- Minimum period of 6 months before withdrawal
- Maximum of one withdrawal in a month after last 6 months
- Minimum Account Balance= N10,000
- Attainment of N100,000 Daily Average Balance for 10 consecutive months qualifies for Handsome Rewards at Year-End
Amfb Children Savings account
- Initial Opening Amount= N5,000
- Interest Rate= 5% p.a.
- For New Babies:
Withdrawal allowed only during 1st Birth Day Fabulous gifts during 1st Birth Day - For Children in School:
Withdrawal allowed at beginning of Term
Nil-charge on drafts for school fees - Attainment of N50,000 Daily Average Balance for 10 consecutive months qualifies for 10% subsidy on cost of books after confirmation of list of books from school. Or, 10% part-payment for school fees.
- Minimum Account Balance= N1,000