Deposit Products
Unlock the potential of your financial savings with our diverse range of deposit products.
Savings Account
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
- Ghana Card
- Residential utility bill (not more than 3 months)
- 2 passport size photographs
- GPS address
- Resident permit (for foreign nationals)
Product Features
- ccount to be opened in the name of the rightful holder/holders of the account
- Minimum opening balance is GH¢50.00
- A minimum operating balance of GH¢ 20.00
- Access to a cheque book
- Competitive Commission on Turnover (COT)
- Transactions may be carried out on behalf of the account holder upon a firm instruction by the account holder
- It is a non-interest-bearing account
Account Opening Requirements
- Ghana Card
- Residential utility bill (not more than 3 months)
- 2 passport size photographs
- GPS address
- Resident permit (for foreign nationals)
- Resolution from the Board (for corporate current account)
- Business registration documents (for corporate current account)
Benefits of the Product to the Customer
- Easy access to cash and staying in control of your money
- The account holder/s is/are eligible to contract credit facilities from the bank
- Minimal Commission on Turnover (COT) charges
- Allows for cheque withdrawals from third-parties
- It gives the customer the flexibility to make 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 prerequisite for contracting loans
- You are signed unto the bank’s electronic banking platforms
Current Account
It is a non-interest-bearing account in which the account holder can make deposits by himself or through third-parties and monies may be withdrawn without notice. It is typically an active account catering for frequent deposits and withdrawals by cheque. It keeps your money secure and helps you manage your finances. It may serve as a Personal Account, a Joint Account, a Business Account, a Group Account, an Association Account, an NGO Account, among others.
Susu Deposit Account
It is an interest-bearing Savings Account which is targeted at micro-to-medium scale businesses. Account holders are assisted by sales persons who collect customer deposits and credit same to the customer account.
Product Features
- Account to be opened in the name of the rightful holder/holders of the account
- Minimum opening balance is GH¢20
- 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 quarterly
- A maximum of four withdrawals per month
- Access to passbook
- Personal Field Banker
- Minimum daily contribution of 2.00
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
- Banking at your doorstep
- 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 make 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
Loan Products
From starting your own business to growing it, we have tailored loan products to make it happen.
Product Features
- Flexible amounts to meet the needs of all levels of businesses
- Quick Turnaround time
- Term of up to 48 months
- Competitive interest rates
- Flexible repayment term.
Requirements
- The customer should have operated an account with the bank for at least three months with a good account turnover history
- The business should have a solid balance sheet or be in good standing
- Substantial security or Guarantorship for the loan
- Ghana Card and passport size pictures of the owner/owners of the business
- Account statement of account with other banks may be required
Benefits of the Product to the Customer
- A less cumbersome way of accessing credit to grow your business
- Interest rates on the loan is competitive
- Customers receive a lumpsum of money upfront, allowing them to pay back over fixed term
- Interest rate and principal repayments are always fixed which helps in budgeting
Micro, Small & MEdium Enterprise Loans
These are different short to medium term loans for Micro, Small and Medium Enterprises to meet varying financing needs including -working capital, asset acquisition, business expansion, acquiring equipment and tools, stocking and restocking, etc.
Salary Loans
Loans for employees of both public and private institutions who have opened a salary account with the bank and receiving their salaries through the bank for at least three months. It also includes pensioners who receive a regular pension gratuity through the bank
Product Features
- It is targeted at employees of government and private institutions who have opened a salary account and have received salary for not less than 3 months
- Term of up to 36 months
- Debt Service Ratio of 50% maximum of salary
- Other conditions attached to the loan are as stipulated in the Credit Policy of the bank
Requirements
- Should have opened a salary account and have received salary for not less than three months
- Must be a confirmed staff of the institution
- Ghana Card and Staff ID of the Applicant
- Pay slip of the last 3 months
- Letter of consent by Employer
- 2 guarantors are required
- Security may be required
Benefits of the Product to the Customer
- Hussle free loan within 24 hours
- Competitive interest rates
- The flexibility of contracting short term seasonal loans even though the customer has a loan running.
- Customers receive a lumpsum of money upfront, allowing them to pay back over fixed term
- Interest rate and principal repayments are always fixed which helps in budgeting
- Top up of facility is available
Product Features
- It is targeted at only persons whose salaries are processed by the Controller and Accountant General Department
Requirements
- Pay slips of the past three months of the applicant
- Ghana Card and passport pictures of the Applicant
Benefits of the Product to the Customer
- Quick access to credit within 24 hours
- Customers receive a lumpsum of money upfront, allowing them to pay back over fixed term
- Interest rate and principal repayments are always fixed which helps in budgeting
- Top up of facility is available
- Walk-in clients and customers of the bank are eligible to access this loan
Controller Payroll Loans
These are loans disbursed by the bank and automatically repaid through deductions from the individual’s salary at source. This is basically targeting public sector employees such as teachers, health workers and any category of people whose salaries are processed by the Controller and Accountant General Department of Ghana. Both customers and non-customers of the bank are eligible to access this loan. The facility is available to help government workers finance their dream projects and other needs.
Seasonal Loans
Christmas Bonanza, Easter Bonanza and Back-to-School Bonanza are short term loans tailored to meet the short-term financial needs of the bank’s salaried customers. The target market for this product are salary earners who receive their salaries through the bank. Christmas, Easter and the start of a new academic year comes with so much spending and customers would need a buck-up to be able to meet the demands that these seasons bring. Irrespective of whether the customer has a loan running or not, so far as he falls between the acceptable debt-to-income ratio, he or she qualifies to access the loan. Christmas Bonanza (X’mas Bonanza) start on the first working day of December and end on the last working day of December each year. Easter Bonanza (Easy Loans) also starts on the first working day of March and end on the last working day of March each year. Back-to-School Bonanza starts on the first working day of September and ends on the last working day of September each year.
Product Features
- A hustle free way of accessing quick credit to solve your short-term financial needs.
- Irrespective of whether the customer has a loan running or not, so far as he falls within the acceptable debt-to-income ratio, he or she qualifies to access the loan.
- Competitive interest rates on the loan
Piggery
- Loan Duration
A maximum duration eighteen (18) months with a six (6) months moratorium and a twelve months installment payment. - Loan Interest
A flat interest rate of 25% per annum. - Insurance
An insurance premium of 0.4% on the loan amount will apply. - Commitment fee
4% commitment fee on the loan amount will apply.
Poultry
- Loan Duration
A maximum duration eighteen (18) months with a six (6) months moratorium and a 12-month repayment period. - Loan Interest
A flat interest rate of 25% per annum. - Insurance
An insurance premium of 0.6% on the loan amount will apply. - Commitment fee
4% commitment fee on the loan amount will apply.
Agric Loans ( Livestock & Poultry)
The product is targeting only poultry and piggery farmers. Farmers can access this loan to feed and take care of their birds and pigs till they are ready for the market.
Commercial Loans
It is a loan granted to a variety of businesses, usually to assist with their funding needs. It is a credit earmarked for a specific business purpose or expenditure. The loan is strictly applied to the purpose for which it was procured and not to be diverted into a different area.
Product Features
- It is a loan product strictly for business purposes
- Term of up to 48 months
- Terms and conditions of the loan is as specified in the credit policy of the bank
- It is targeted at businesses which by definition have a larger size and do not belong to the Micro, Small and Medium Enterprises category
Requirements
- The business should have operated an account with the bank for at least three months with a good account turnover history
- The business should have a solid balance sheet
- The purpose for the loan should be business related
- Substantial security or Guarantorship for the loan
- Ghana Card and passport size pictures of the owner/owners of the business
- Account statement of account with other banks may be required
Benefits of the Product to the Customer
- A less cumbersome way of accessing credit to grow your business
- Interest rates on the loan is competitive
- The flexibility of determining whether to repay over a short-term or long-term
- Customers receive a lumpsum of money upfront, allowing them to pay back over fixed term
- Interest rate and principal repayments are always fixed which helps in budgeting
- Top up of facility is available
Investment Products
Discover our suite of investment products designed to help you build wealth and secure your financial future
Benefits
- You can choose an investment period
- There are no service fees charged
- Several investment period options are available – from 3 days to 365 days
- You can have more than one fixed deposit if you want to save for different goals
Fixed Deposit
It is an investment account where money is deposited for a fixed period and the interest rate does not change. It offers higher interest rates than ordinary savings accounts and is ideal if you want to save for a specific goal, like expanding your business, restocking, land acquisition, wedding, holidays, etc.
