NEW DAWN SAVINGS ACCOUNT

Features:

  • Minimum opening balance of N1, 000.00.
  • Minimum operating balance of N1, 000.00
  • Interest Rate of 4% P.A.
  • ATM Cards available
  • Account Online Real Time (SMS Alert, Mobile Banking)
  • SMS Charge Applies

Benefits:

  • Easy to Sign On
  • Competitive Interest Rate
  • 24/7 ATM Access to Cash
  • Opportunity to Benefit from Future Bank Promos

Documentation

  • Duly Filled Account Opening Form
  • Duly Filled Account KYC Form
  • 2 Recent Passport Photographs of account holder
  • Photocopy of a Valid Identity Card; National ID, Permanent Voters card, Driver’s License or International Passport. (Original must be sighted).
  • Evidence of utility bill, community billing, tenancy agreement (or letter from the village council to confirm customer’s residence)

NEW DAWN TOP YIELD TARGET SAVINGS ACCOUNT (FOR INDIVIDUALS AND COMPANIES)

Features:

  • Minimum Opening Balance of N500
  • Interest Rate of 7% per annum for savings tenor from 2 months and above (where customer withdraws before the due date, he/she loses the interest.)
  • Account Online Real Time (SMS Alert, Mobile Banking)
  • SMS Charge Applies
  • No withdrawal in a quarter

Benefits:

  • Easy to Sign On
  • Competitive Interest Rate
  • Access to Project Finance Loan Opportunities
  • Savings may serve as Equity Contribution for Project Finance Loan

Documentation for Individuals:

  • Duly Filled Account Opening Form
  • Duly Filled Account KYC Form
  • 2 Recent Passport Photographs
  • Photocopy of a Valid Identity Card: Permanent Voters Card, National ID, Driver’s License or International Passport. (Original must be sighted).
  • Evidence of utility bill, community billing, tenancy agreement (or letter from the village council to confirm customer’s residence)
  • Savings Agreement form
  • Savings Marking Card

Documentation for Companies:

  • Duly Filled Account Opening Form
  • Duly Filled Account KYC Form
  • 2 Recent Passport Photographs of Signatories
  • Photocopy of a Valid Identity Card, National ID, Driver’s License or International Passport of the signatories. (Original must be sighted).
  • Recent Utility Bill
  • Certified true copies of Certificate of Incorporation, Certificate of Registration, Form CO2 and CO7.
  • Board Resolution.
  • Savings Agreement form

Documentation for companies already running corporate accounts with us:

  • Board Resolution approving the opening of the Top yield acct

NEW DAWN CHILDREN’S ACCOUNT (BACK TO SCHOOL)

Features:

  • Minimum Opening Balance of N1, 000 per child
  • Sitting balance N1000.00
  • Interest Rate of 4% P.A for 6 months
  • Save for One Year without withdrawal and Increase Interest Rate to 7%
  • 200% of total savings as a facility to pay the children’s school fees.
  • Standing Order from Parents Account to this account.
  • 10% equity contribution applied on the savings

Benefits:

  • Easy to Sign On
  • Competitive Interest Rate
  • Affords Parents Financial Discipline

Documentation:

  • Duly Filled Account Opening Form
  • Duly Filled KYC Form
  • 2 Recent Passport Photographs of the parents
  • Photocopy of a Valid Identity Card, National ID, Driver’s License or International Passport of parents (Original Must be Sighted).
  • Birth Certificate of child or children
  • Evidence of utility bill (or letter from the village council to confirm customer’s residence)

DASUSU DAILY SAVINGS ACCOUNT

Features:

  • Minimum Opening Balance of N100
  • No Interest Rate
  • No ATM Cards
  • Minimum Daily contribution of N100
  • Marketing Card Charge of N200
  • No SMS Charge
  • Bank commission to be 80% of a day’s savings on the first month and 20% goes back to the customer
  • For subsequent month’s savings, bank’s commission reduces by 10% and Customer’s commission increases by 10% till the 8th month.
  • For continuous savings after the 8th month interest of 7% per annum.

Benefits:

  • Easy to Sign On
  • Access to collateralized Loan
  • Affords Customer Financial Discipline

Documentation:

  • Duly Filled Account Opening Form
  • Duly Filled Account KYC Form
  • 2 Recent Passport Photographs
  • Photocopy of a Valid Identity Card, National ID, Driver’s License or International Passport. (Original Must be Sighted this applies when the customer wants to collect loan).
  • Evidence of utility bill, community billing, tenancy agreement (or letter from the village council to confirm customer’s residence)

DASUSU MICRO DAILY SAVINGS ACCOUNT (GROUP)

Features:

  • Minimum Opening Balance of N200 per person
  • Group members must be in the same location
  • Minimum 7 members
  • Minimum daily contribution of N50.00
  • Marketing Card Charge of N200.00
  • Weekly SMS Charge applies
  • Bank commission to be 80% of a day’s savings on the first month and 20% goes back to the customer
  • For subsequent month’s savings, bank’s commission reduces by 10% and Customer’s commission increases by 10% till the 8th month.
  • For continuous savings after the 8th month interest of 7% per annum.

Benefits:

  • Easy to Sign On
  • Access to collateralized Loan
  • Affords Customer Financial Discipline

Documentation:

  • Duly Filled Account Opening Form by each group member
  • Duly Filled Account KYC Forms
  • 2 Recent Passport Photographs
  • Photocopy of a Valid Identity Card, National ID, Driver’s License or International Passport. (Original must be sighted where customer wants to collect loan).
  • Evidence of utility bill (or letter from the village council to address customer’s residence)