Save to Own Account

Saving towards your dream home is now much easier. The Save-to-Own (Home Ownership) account is designed to give you instant access to your dream home. Save smarter for your future with an account that help you invest in real home ownership.

Features & Benefits:

Features: Tier 1 Tier 2 Tier 3 Tier 4
Minimum opening balance N30,000.00 N100,000.00 N250,000.00 N500,000.00
Minimum monthly deposits N30,000.00 N100,000.00 N250,000.00 N500,000.00
Minimum balance to qualify for mortgage N1.6 million
(20% of N8million)
N5 million
(20% of N25million)
N10 million
(20% of N50million)
N20 million
(20% of N100 million)
Minimum Lock-in/ Non-withdrawal period before access to mortgage 1 year if equity and other eligibility criteria are met
Savings interest rate Conventional savings account interest plus 1% Conventional savings account interest plus 2% Conventional savings account interest plus 2.5% Conventional savings account interest plus 3%
Discount on Management Fee 50% Discount on Mgt fee
Penalty for default on deposit Start the savings cycle all over OR Forfeit discounted management fee/additional savings interest rate
Open an account