It is an interest-bearing deposit account that a person holds with the bank. It is deigned to hold money you don’t plan to spend immediately or grow your money overtime through periodic deposits or earning accrued interests. It may serve as a Personal Account, a Joint Account, a Business Account, a Group Account, an Association Account, an NGO
Account, among others.
Product Features
- Account to be opened in the name of the rightful holder/holders of the account
- Minimum opening balance is GH¢50
- Minimum operating balance is GH¢20
- Minimum balance to qualify for interest is GH¢ 200.00
- Attractive Interest Rates
- Interest is calculated daily and applied on quarterly basis
- A maximum of four withdrawals per month
Account Opening Requirements
- Ghana Card
- Residential utility bill (not more than 3 months)
- 2 passport size photographs
- GPS address
- Resident permit (for foreign nationals)
Benefits of the Product to the Customer
- Account holders enjoy competitive interest rates on their deposits
- The safety and reliability of savings account makes it a good option for safe-keeping of cash
- The account holder is eligible to contract loans from the bank, subject to its terms and conditions
- It gives the customer the flexibility to makes withdrawals on demand and permits other transactions on behalf of the customer
- The account holder is able to build an account turn-over history which is a prerequisite for contracting loans
- You are signed unto the bank’s electronic banking platforms
MRB Financial Products
Related Products
