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 7 – 9% 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