The usefulness is great as yu can take advantage of this kind of account towards a target goal or ambition. You can save towards Hajj, tuition, travels, capital projects, and many more. Or even your wedding anniversary!
Lets break down the features of this account:
The Name: Save4Me
As it implies, it is a savings account which is restricted and funding is regular and automated. There are many ways you can save into this account. You can set up the account and its regular funding via the Zenith Bank mobile app, internet banking and also the branch. You could also at any time perform manual funding be crediting this account from anywhere.
The Yield: High-Interest
This account earns more interest than normal traditional savings account. Save4Me earns 0.8% interest higher than Individual Savings Account. As savings account interest rate fluctuates according to the MPR, so will the Save4Me but will remain higher by that margin. Good deal right?
The Tenor: 3 Months and Max of 12 months
The minimum period you can run the Save4Me is 90 days, after which you can have access.
The Mode: Virtual account
Its a different account from the normal account.
FEATURES AND BENEFITS (SUMMARY)
0.8% interest higher than Individual Savings Account
Virtual account to the main account
No withdrawal allowed within the first 3 months
Minimum of 3 months and maximum of 12 months
Can be rolled over
Minimum of deposit of N10,000
Frequency – Daily, weekly, monthly
What are the requirements?
The only requirement is that you will have an existing savings or current account with the bank. Thats all.
Why not start your own target Save4Me now?
You can download zenith bank mobile app to do this easily.
