NEW DAWN SAVINGS ACCOUNT
Features:
- Minimum opening balance of N1, 000.00.
- Minimum operating balance of N800.00
- 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
Target Market:
- All individuals and organizations who want to save
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
- Account Online Real Time (SMS Alert, Mobile Banking)
- SMS Charge Applies
Target Market:
- Individuals and companies who are saving towards a project
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 and Sitting balance N1000.00
- Interest Rate of 4% P.A with minimum tenor of 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
Target Market:
- Parents who want to save for their children’s future
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 ATM Cards
- Minimum Daily contribution of N100
- Marketing Card Charge applicable
- 20% cash back from the bank’s commission of a day’s savings to the customer upon uninterrupted savings for One month
- 30% cash back from the bank’s commission of a day’s savings to the customer upon uninterrupted savings for subsequent months.
- Interest Rate of 7% per annum for savings tenor from 7 months and above.
Target Market:
- All individuals who have identified place of businesses and who have a daily source of income
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 applicable
- 20% cash back from the bank’s commission of a day’s savings to the customer upon uninterrupted savings for one month
- 30% cash back from the bank’s commission of a day’s saving to the customer upon uninterrupted savings for subsequent months
- Interest rate of 7% per annum for savings tenor from 7 months and above
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)