Sterling Recurring Deposit Account
This is an investment account specifically designed for people who are willing to save a percentage of their monthly income for future purpose such as:
- Saving towards your children's education
- Taking a holiday trip
- Starting a business
- Acquiring a home, car or any other asset
Benefits
- Open with as little as N5,000
- Interest rate ranges from 10 – 12% p.a depending on the tenor
- Customer determines monthly deposit/investment
- Tenor ranges from 12 – 60 months
- Premature termination of investment is allowed
- Monthly deposit to be in multiples of N5,000 (or any amount desired)
- Interest rate is above prevailing Savings account rate
- Monthly deposit can be made through Fund Transfers, Post Dated Cheques or Standing Order Instructions