Is there a limit on how much I can deposit into my savings.
Closing a savings account may be necessary if you need to move you money to another account or are changing banks. A savings account is a convenient tool, but it may happen that your relationship with the financial institution did not work out as expected. You may want to take your business some place else if this is your situation. Another reason reported by clients is that they want to open.
Nigerians who deposit or withdraw N500,000 and above will now pay between 1.5 per cent and 7.5 per cent charges, according to a new banking policy.
HIGH YIELD SAVINGS ACCOUNT (HYSA) The Flexible Savings Account That Yields More. Discover a savings account that pays you high interest with unique benefits. It’s the smart option for the discerning saver. You can enjoy the following benefits: Open an account with any amount, grow balance to either N100,000, N1m or N5m to enjoy premium.
The Central Bank of Nigeria, CBN, yesterday, directed banks operating in the country to accept deposit of cheques into savings account and to begin to embed Bank Verification Number, BVN in.
You can choose to autosave a specified amount periodically or do use the one time savings feature to fund your account whenever you want. CowryWise accepts all debit cards issued by Nigerian banks and has a minimum savings amount of 100 Naira with no cap at a maximum amount. Your savings are locked for a minimum duration of 90 days with no maximum time limit. Interest is paid on your savings.
Re: What Is The Maximum Deposit And Balance For A Savings Account? by Pieromania: 7:17am On Nov 28, 2016 why should u be afraid,people do play bettings and win huge sum deposited into an account that has never had a lodgement of 20k before and stil withdraw the money.if they cal u to come explain,go and explain yourself,it is normal.
Amount obtainable is tied to 80% of average credit turnover of the customer in the last six months subject to a maximum of N1,000,000.00.