Call Deposit
This is a high interest yielding investment account that is tenured one day. The characteristics of call deposits are:
a) The principal sums accepted are not fixed. They can be called-in at any point
by the depositor without penalty.
b) Interest rates are lower than fixed term deposits.
c) Additional sum is accepted for credit into the account.
d) Interest accrued and principal sum are paid to specified settlement account at the time of booking.
e) Where no settlement account is specified, the interest accrued will be added to the principal and the total amount paid to the customer by Manager’s cheque
FEATURES
- Can be withdrawn at anytime.
- It serves as security for credit facilities.
- Minimum deposit of N100,000.00
- Negotiable interest rate depending on account balance
PRODUCT BENEFITS
- Competitive interest rate
REQUIREMENTS
a) Two Passport photographs of each of the signatories.
b) Identification of the signatories in the form of a valid National ID Card, valid International passport or valid National Driving License.
c) Account opening forms duly completed.
d) One duly completed signature cards.
e) A certified copy of the Rules/Bye Laws/Constitution in case of a Club/Society/Association.
f) A certified copy of the Resolution of the governing body of the Club/Society/Association appointing UnityBank Plc as its bankers.
g) A certified list of office bearers of the Club/Society/Association.
h) Receipts/ evidence of payment of water rates, electricity bills or telephone bills for the preceding 3 months.
