Target Savings Account

Target Savings Account is a high interest bearing account that encourages financial discipline through savings.

This product is designed to enable micro-clients save towards specific projects or events with ease.

Firstmidas Microfinance Bank is regulated by the Central Bank of Nigeria

Your savings and deposits are insured by the Nigeria Deposit Insurance Scheme

Flexible Savings Tenors and Best interest Rates Available

Features

Minimum opening balance of N1000
Interest rate @ 8%p.a
Minimum duration is 90 days
No Monthly maintenance charge of N50
Termination before maturity will attract non-payment of interest
Opportunity of daily, weekly and monthly savings

Benefits

Whatever your financial goal is, the FMMFB Target Savings Account can help you achieve it. Whether it’s a Wedding, Holiday, New Car, Higher Education, School Bills, House/Shop Rentals, House Warming, Graduation, etc).