MUTUAL TRUST SAVINGS ACCOUNT
- Opening balance of N2,000
- Minimum balance of N500.
- Interest rate of 3% per annum
- Access to ATM
- Will forfeit interest if more than 3 withdrawals are made in a month
MUTUAL TRUST TARGET SAVINGS ACCOUNT (MTSA)
- Savings towards Pilgrimage, end of year festivities, school fees etc
- N2,000 opening balance
- Mandatory standing order minimum of N5,000 monthly, and larger amounts quarterly, or semi annually
- Interest rate of 3% per annum
- Monthly maintenance fee of N100
- Interest accrues on the account daily but the interest is only capitalized after every six months
- Minimum savings period of six months (partial/full withdrawal prior to six months attracts interest forfeiture, and no withdrawals before the first 90 days)
MUTUAL TRUST HYBRID SAVINGS ACCOUNT
- Opening balance of N5,000
- Third party withdrawal is allowed
- Allows cheques/dividend warrant into the account
- Minimum balance of N2,000
- Access to ATM services
- Access to internet banking
- Interest rate of 3% per annum
- Instrument cannot go to clearing house