Target Savings Account
Target Savings Account is a high interest bearing account that encourages financial discipline through savings. This product is designed to enable you save towards a specific target. Whether it’s a Wedding, Holiday, New Car, Higher Education, School Bills, House/Shop Rentals, House Warming, Graduation, etc).
Whatever your financial goal is, the CIT Target Savings Account can help you achieve it.
» Opening balance Min of N200 daily or N1,000 weekly.
» Frequency at the discretion of customer.
» Interest rate @ 8% p.a
» Minimum duration is 90 days.
» Monthly maintenance charge of N50 not applicable.
» Termination before maturity will attract non-payment of interest.
» Opportunity of daily, weekly and monthly savings.
→ Customers who save without withdrawal for 6 months shall be entitled to a raffle draw.
→ Items to be won include pressing iron, toasters, microwave oven etc.
→ Raffle draw to come up once in a year.