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Assurance Target Savings Account

Assurance Target Savings Account

Save for What Matters Most

The Target Savings Account from Assurance Microfinance Corporation is specifically designed to help you achieve your financial goals, whether it’s saving for your child’s education, planning a wedding, or preparing for further studies. With attractive interest rates and flexible access to your funds, this account gives you the tools you need to build a secure financial future.

Benefits of the Target Savings Account

  1. Tailored Savings Experience: Set a specific financial goal and work towards it at your own pace.
  2. No Minimum Contribution Limit: Start saving with any amount that works for you, no matter how small or large.
  3. Earn While You Save: With high-interest rates, your savings grow as you move closer to achieving your financial goals.
  4. Financial Flexibility: Withdraw from your account whenever necessary, without penalties for accessing your money early.
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Account Features

  1. ₦5,000 Minimum Balance Maintain a low minimum balance and enjoy full access to your funds whenever needed.
  2. USD Banking Access foreign currency services with ease, allowing you to send and receive payments in USD.
  3. Email/SMS Alerts Stay informed about your transactions and account activities in real time with our SMS and email alerts.
  4. Investment Period (Tenor): Minimum of 180 days and a maximum of 360 days.
  5. Minimum Opening Balance: ₦100,000.
  6. Interest Rate: 7 % per annum.
  7. Pre-Liquidation: Withdraw 75% of accrued interest with 35 days’ notice in writing.
  8. High-Yield Interest Rates: Earn competitive interest rates on your savings, allowing you to grow your balance over time. The higher your savings, the more you earn, helping you reach your target faster.
  9. Flexible Access: Enjoy the convenience of accessing your funds whenever you need them. While the focus is on saving, we understand that life happens, so our flexible access policy ensures you’re not locked out of your funds.
  10. Goal-Oriented Savings: Whether you’re saving for a specific event like a wedding or long-term needs like further studies, the Target Savings Account helps you stay disciplined and focused on achieving your objectives.

To open an Assurance Current Account, you need the following:

    1. Completed Account Opening Form Visit our branch or website to download and complete the form.
    2. One Recent Clear Passport Photograph A clear passport photograph of the account signatory.
    3. Identification Documents Provide any of the following:
      • Driver’s License
      • International Passport
      • National Identity Card
      • Voter’s Card
    4. Proof of Residence A recent public utility bill dated within the last three months (e.g., PHCN bill, water bill, rent receipt, or telephone bill).
    5. Two Independent and Satisfactory References Submit references from individuals with operational bank accounts.
    6. Bank Verification Number (BVN) and National Identification Number (NIN) Provide your BVN and NIN to meet regulatory requirements.
    7. Option to Open a Domiciliary Account You can also open a domiciliary account using the same documents for foreign currency transactions.
Open An Account

Assurance Website

Manage your account, transfer funds, and access banking services via our secure online platform.

Assurance Direct Call – 24/7 Telephone Banking

Access your account anytime through our 24-hour call center for inquiries, transfers, and account management.

In-Branch Banking

Visit any of our Assurance branches across Nigeria for personalized banking services.

Who can open?

How to Open an Assurance Current Account

  1. Step 1: Complete the Application Visit our website to complete the online account application or download the form to submit at any branch.
  2. Step 2: Submit the Required Documents Submit the required documents, including identification and proof of residence, at the nearest branch.
  3. Step 3: Make an Initial Deposit Deposit the minimum ₦5,000 to activate your Assurance Current Account.
  4. Step 4: Start Enjoying Full Access Once your account is activated, enjoy the convenience of 24/7 banking with Assurance’s wide range of services.

Saving Goals

Emergency Savings

An Emergency Savings fund is a dedicated financial cushion designed to cover unexpected expenses, such as medical emergencies, car repairs, or sudden job loss. It helps protect against financial instability during unforeseen circumstances, offering peace of mind by ensuring you have readily accessible funds when life’s uncertainties arise.

Giving and Gifts Fund

A House Fund is a savings account specifically allocated for home-related expenses. Whether you’re saving for a down payment on a house, home improvements, or routine maintenance, this fund helps you plan for significant purchases or repairs, ensuring you’re prepared for both planned and unplanned housing costs.

House Needs

Giving and Gift Funds are savings set aside for charitable donations, gifts to loved ones, or special occasions like birthdays, weddings, or holidays. By planning ahead and saving in this fund, you can make meaningful contributions and give gifts without straining your budget, ensuring generosity without financial stress.

Rates

FEES

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Visit our website to complete the online account application or download the form to submit at any branch.

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GIVE US A CALL

If you have any questions or need assistance, feel free to reach out to us via:

070 2554 2269, 090 6254 7211, 081 0031 3103

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At Assurance Microfinance Corporation, we believe in the power of focused saving to achieve financial goals. Our “Saving Goal. One Account. One Result.” approach simplifies and streamlines your journey to financial success.

Luxury Block 1, Section 1, Garki International Market Garki, Abuja FCT

07046885640, 08100311436,

Copyright 2023 | Assurance Finance Company At Assurance Microfinance Corporation, we believe in the power of focused saving to achieve financial goals. Our “Saving Goal. One Account. One Result.” approach simplifies and streamlines your journey to financial success.

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