WEMA Online
Personal Savings Accounts

Personal Savings Accounts

 

Description

 

This product enables customers to save money, make earnings on account balances and cultivate a savings culture.

 

Features

 

·          Account opening balance of N2,000

·          Access to e-banking channels

·          Maximum interest of 3.25%, based on account balances

 

Benefits

 

·          Receive Transaction Alerts through SMS and e-mail

·          No restrictions on transaction frequency or volumes

Wema Treasure Account(Individual)

Wema Treasure Account (Individual)

 

Description

 

This is a savings account that operates with the flexibility of a current account. Allows third-party transactions and accrues interest on account balances.

 

Features

 

·          Account opening balance of N5,000

·          Minimum daily operating balance of N5,000 *but allows withdrawals below minimum operating balance*

·          No COT charge

·         Graduated interest rate at 1% above personal savings account rate

·          Allows the lodgement of cheques/dividend warrants

·          Additional interest of 0.5% per annum for non-withdrawal within any month

·          Access to e-banking channels

 

Benefits

·          Receive Transaction Alerts through SMS and e-mail

·          No restrictions on transaction frequency or volumes

Wema Treasure Account (Corporate)

Wema Treasure Account (Corporate)

 

Description

 

A savings account that operates with the flexibility of a current account. Allows third-party transactions and accrues interest on account balances.

 

Features

 

·          Account Opening balance of N10,000

·          Minimum daily operating balance of N10,000. *but allows withdrawals below minimum operating balance*

·          No COT charge

·          Graduated interest rate at 1% above personal savings account rate

·          Allows the lodgement of cheques/dividend warrants

·          Additional interest of 0.5% per annum for non-withdrawal within any month

·          Access to e-banking channels

 

Benefits

 

·          Receive Transaction Alerts through SMS and e-mail

·          No restrictions on transaction frequency or volumes

Wema Target Savings Account (WETSA)

Wema Target Savings Account (WETSA)

 

Description

 

A flexible savings account that allows the customer the freedom to choose the purpose of savings, target savings amount and tenor, with attractive interest rates.

 

Features

 

·          Flexible account opening balance

·          Flexible saving frequency – daily, weekly or monthly

·          Minimum monthly savings target of N2,000

·          Normal savings interest rate

·          Standing order for deposits acceptable

·          Bonus interest payment (set at 30% of normal savings rate) for non-withdrawal within 3 months

·          Accumulated balance can be used as equity contribution or as security for consumer loan(s)

·          Access to e-banking channels

 

Benefits

 

·          Receive Transaction Alerts through SMS and e-mail

·          No restrictions on transaction frequency or volumes

Market Share Price
Quote as at: 20-05-2013
Share Price: 1.23
Volume Traded: 283486
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